Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 1)*
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Barings Private Credit Corporation (Name of Issuer) |
Common Stock, par value $0.001 per share (Title of Class of Securities) |
06763A101 (CUSIP Number) |
06/30/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 06763A101 |
| 1 | Names of Reporting Persons
Income Insurance Ltd | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
SINGAPORE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
8,056,490.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
5.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
FI |
Comment for Type of Reporting Person: Income Insurance Ltd. ("Income") has the right to direct the voting of 8,056,490 shares of Common Stock, par value $0.001 per share (the "Common Stock") of Barings Private Credit Corporation (the "Issuer") held by Barings Private Credit Cayman Fund SPC, a private fund in which Income is an investor. Income does not have the right to direct the disposition of shares of Common Stock held by Barings Private Credit Cayman Fund SPC. The number of shares outstanding for purposes of the percentage calculation in Item 11 is based on 143,417,569 shares of Common Stock outstanding as of August 5, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed by the Issuer with the Securities and Exchange Commission on August 5, 2026.
SCHEDULE 13G
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| CUSIP No. | 06763A101 |
| 1 | Names of Reporting Persons
NTUC Enterprise Co-Operative Ltd | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
SINGAPORE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
8,056,490.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
5.6 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC |
Comment for Type of Reporting Person: Income has the right to direct the voting of 8,056,490 shares of Common Stock of the Issuer held by Barings Private Credit Cayman Fund SPC, a private fund in which Income is an investor. Income does not have the right to direct the disposition of shares of Common Stock held by Barings Private Credit Cayman Fund SPC. NTUC Enterprise Co-Operative Ltd is the parent company of Income and may be deemed to beneficially own the shares of Common Stock beneficially owned by Income. The number of shares outstanding for purposes of the percentage calculation in Item 11 is based on 143,417,569 shares of Common Stock outstanding as of August 5, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed by the Issuer with the Securities and Exchange Commission on August 5, 2026.
SCHEDULE 13G
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| Item 1. | ||
| (a) | Name of issuer:
Barings Private Credit Corporation | |
| (b) | Address of issuer's principal executive offices:
300 South Tryon Street, Suite 2500, Charlotte, North Carolina 28202 | |
| Item 2. | ||
| (a) | Name of person filing:
Income Insurance Ltd NTUC Enterprise Co-Operative Ltd | |
| (b) | Address or principal business office or, if none, residence:
75 Bras Basah Road, Income Centre, Singapore, 189557 | |
| (c) | Citizenship:
Singapore | |
| (d) | Title of class of securities:
Common Stock, par value $0.001 per share | |
| (e) | CUSIP No.:
| |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: | |
| (a) | Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: | |
| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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Insurance company in Singapore | ||
| Item 4. | Ownership | |
| (a) | Amount beneficially owned:
Income has the right to direct the voting of 8,056,490 shares of Common Stock held by Barings Private Credit Cayman Fund SPC, a private fund in which Income is an investor. Income does not have the right to direct the disposition of shares of Common Stock held by Barings Private Credit Cayman Fund SPC. NTUC is the parent company of Income and may be deemed to beneficially own the shares of Common Stock beneficially owned by Income. | |
| (b) | Percent of class:
5.6%. The number of shares outstanding for purposes of this percentage calculation is based on 143,417,569 shares of Common Stock outstanding as of August 5, 2026, as reported by the Issuer in its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026, filed by the Issuer with the Securities and Exchange Commission on August 5, 2026. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
0 | ||
| (ii) Shared power to vote or to direct the vote:
8,056,490 | ||
| (iii) Sole power to dispose or to direct the disposition of:
0 | ||
| (iv) Shared power to dispose or to direct the disposition of:
0 | ||
| Item 5. | Ownership of 5 Percent or Less of a Class. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. | |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. | |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. | |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. | |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Insurance companies in Singapore is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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