Barings, an investment managers, agreed to acquire Altis Property Partners, a real estate firm based in Australia. Financial terms were not disclosed. "We’re excited to welcome Altis to our real estate platform as we strengthen our local investment capabilities in Australia and continue to expand our footprint in the region. Asia Pacific makes up approximately a third of Barings’ third-party AUM and is expected to be a key driver of growth for us. Barings has successfully led private credit and real estate debt investments in Australia and we’re confident Altis will help us broaden our investment capabilities in the region," Mike Freno, Barings Chairman and CEO.