Barings Participation Investors (the Trust) Net Assets
Barings Participation Investors (the Trust) net assets. Based on the latest financial reports, Barings Participation Investors (the Trust) (MPV) has net assets worth $163.82 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($208.34 Million) and total liabilities ($44.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Barings Participation Investors (the Tru equity growth rate to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $163.82 Million |
| % of Total Assets | 78.63% |
| Annual Growth Rate | 1.61% |
| 5-Year Change | 1.7% |
| 10-Year Change | 19.92% |
| Growth Volatility | 6.44 |
Net Assets of Barings Participation Investors (the Trust) (2005–2025)
Net assets of Barings Participation Investors (the Trust) from 2005 to 2025. This chart illustrates how Barings Participation Investors (the Trust)'s net assets have evolved over time, based on quarterly financial data. See Barings Participation Investors (the Tru balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for Barings Participation Investors (the Trust) (2005–2025)
The table below shows the annual net assets of Barings Participation Investors (the Trust) from 2005 to 2025. For live market cap and overall valuation, see Barings Participation Investors (the Tru stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $163.82 Million | -0.79% |
| 2024-12-31 | $165.12 Million | +1.07% |
| 2023-12-31 | $163.37 Million | +2.80% |
| 2022-12-31 | $158.92 Million | -1.34% |
| 2021-12-31 | $161.08 Million | +11.72% |
| 2020-12-31 | $144.18 Million | -1.30% |
| 2019-12-31 | $146.08 Million | +5.29% |
| 2018-12-31 | $138.75 Million | -4.63% |
| 2017-12-31 | $145.48 Million | +6.50% |
| 2016-12-31 | $136.61 Million | +0.93% |
| 2015-12-31 | $135.35 Million | -1.61% |
| 2014-12-31 | $137.57 Million | +4.68% |
| 2013-12-31 | $131.42 Million | +2.77% |
| 2012-12-31 | $127.87 Million | +16.06% |
| 2008-12-31 | $110.18 Million | -12.99% |
| 2007-12-31 | $126.63 Million | +6.39% |
| 2005-12-31 | $119.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Barings Participation Investors (the Trust)'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 36.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Barings Participation Investors (the Trust) Net Assets Breakdown (December 2025)
Barings Participation Investors (the Trust) net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $18.20 Million | 11.11% |
| Common Stock | $107.56K | 0.07% |
| Other Components | $145.51 Million | 88.82% |
| Total Equity | $163.82 Million | 100.00% |
Barings Participation Investors (the Trust) Competitors by Market Cap
The table below lists competitors of Barings Participation Investors (the Trust) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hi-Clearance
TWO:1788
|
$175.33 Million |
|
Premium Catering (Holdings) Limited
NASDAQ:PC
|
$175.34 Million |
|
Laguna Resorts & Hotels Public Company Limited
BK:LRH
|
$175.34 Million |
|
Canada Nickel Company Inc
V:CNC
|
$175.38 Million |
|
Taigen Biopharmaceuticals Holdings Ltd
TWO:4157
|
$175.15 Million |
|
RADCOM Ltd
F:RAM
|
$175.14 Million |
|
NP3 Fastigheter AB (publ)
ST:NP3-PREF
|
$175.14 Million |
|
Kolibri Global Energy Inc
TO:KEI
|
$175.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Barings Participation Investors (the Trust)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 165,121,426 to 163,818,383, a change of -1,303,043 (-0.8%).
- Net income of 13,227,142 contributed positively to equity growth.
- Dividend payments of 16,921,247 reduced retained earnings.
- New share issuances of 1,349,161 increased equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $13.23 Million | +8.07% |
| Dividends Paid | $16.92 Million | -10.33% |
| Share Issuances | $1.35 Million | +0.82% |
| Other Changes | $1.04 Million | +0.64% |
| Total Change | $- | -0.79% |
Book Value vs Market Value Analysis
This analysis compares Barings Participation Investors (the Trust)'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.07x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 1.29x to 1.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $12.56 | $16.26 | x |
| 2013-12-31 | $12.83 | $16.26 | x |
| 2014-12-31 | $13.35 | $16.26 | x |
| 2015-12-31 | $13.10 | $16.26 | x |
| 2016-12-31 | $13.15 | $16.26 | x |
| 2017-12-31 | $13.99 | $16.26 | x |
| 2018-12-31 | $13.34 | $16.26 | x |
| 2019-12-31 | $13.86 | $16.26 | x |
| 2020-12-31 | $13.60 | $16.26 | x |
| 2021-12-31 | $15.19 | $16.26 | x |
| 2022-12-31 | $14.99 | $16.26 | x |
| 2023-12-31 | $15.41 | $16.26 | x |
| 2024-12-31 | $15.46 | $16.26 | x |
| 2025-12-31 | $15.23 | $16.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Barings Participation Investors (the Trust) utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.07%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 77.37%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.27x
- Recent ROE (8.07%) is below the historical average (8.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 17.06% | 88.77% | 0.17x | 1.16x | $8.40 Million |
| 2007 | 9.16% | 73.73% | 0.11x | 1.14x | $-1.06 Million |
| 2008 | -6.70% | -56.77% | 0.10x | 1.14x | $-18.40 Million |
| 2012 | 13.70% | 130.18% | 0.09x | 1.15x | $4.73 Million |
| 2013 | 10.47% | 107.27% | 0.09x | 1.15x | $621.34K |
| 2014 | 12.00% | 123.87% | 0.08x | 1.15x | $2.75 Million |
| 2015 | 6.32% | 68.61% | 0.08x | 1.14x | $-4.98 Million |
| 2016 | 8.52% | 90.86% | 0.08x | 1.14x | $-2.02 Million |
| 2017 | 13.15% | 95.87% | 0.12x | 1.14x | $4.59 Million |
| 2018 | 2.62% | 79.03% | 0.03x | 1.14x | $-10.24 Million |
| 2019 | 12.19% | 95.80% | 0.11x | 1.13x | $3.20 Million |
| 2020 | 4.40% | 90.17% | 0.04x | 1.13x | $-8.07 Million |
| 2021 | 15.76% | 95.98% | 0.14x | 1.16x | $9.28 Million |
| 2022 | 4.38% | 84.24% | 0.04x | 1.17x | $-8.93 Million |
| 2023 | 11.09% | 90.08% | 0.11x | 1.17x | $1.78 Million |
| 2024 | 10.45% | 84.94% | 0.10x | 1.19x | $734.86K |
| 2025 | 8.07% | 77.37% | 0.08x | 1.27x | $-3.15 Million |
Industry Comparison
This section compares Barings Participation Investors (the Trust)'s net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $657,677,591
- Average return on equity (ROE) among peers: -7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Barings Participation Investors (the Trust) (MPV) | $163.82 Million | 17.06% | 0.27x | $175.17 Million |
| Acadian Asset Management Inc (AAMI) | $2.54 Billion | 1.01% | 2.37x | $3.22 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.54 Billion | 13.44% | 0.00x | $3.10 Billion |
| Associated Capital Group Inc (AC) | $964.38 Million | 0.92% | 0.04x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $134.30 Million | -18.79% | 0.03x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $91.65 Million | 11.30% | 0.03x | $71.46 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $194.14 Million |
| Alpha Compute Corp (ALP) | $165.43 Million | -10.20% | 0.18x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $85.02 Million | -7.77% | 0.44x | $239.77 Million |
| Amber International Holding Limited (AMBR) | $279.09 Million | -5.30% | 0.68x | $144.90 Million |
| Affiliated Managers Group, Inc. (AMG) | $769.46 Million | 19.66% | 2.46x | $9.59 Billion |
About Barings Participation Investors (the Trust)
Barings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers. The fund also seeks to invest in warrants, conversion rights, or other equity related in… Read more