Alexandra Pacini
About Alexandra Pacini
Alexandra Pacini serves as Secretary of Barings Corporate Investors (MCI) and Barings Participation Investors (MPV), based at 300 South Tryon Street, Suite 2500, Charlotte, NC 28202. She is 32 years old as of the 2025 proxy and has held the Secretary role since 2023; previously she served as Assistant Secretary from 2020–2023 and progressed within Barings from Analyst (2017–2021) to Associate Director (2021–2023) and Director (since 2023) . The proxies do not disclose executive education, TSR, revenue growth, or EBITDA performance metrics for Trust officers; such metrics are not provided for this officer role .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Barings LLC | Director | Since 2023 | Not disclosed |
| Barings LLC | Associate Director | 2021–2023 | Not disclosed |
| Barings LLC | Analyst | 2017–2021 | Not disclosed |
| Barings Corporate Investors (MCI) | Secretary | Since 2023 | Corporate governance/secretarial officer duties (not detailed) |
| Barings Corporate Investors (MCI) | Assistant Secretary | 2020–2023 | Not disclosed |
| CI Subsidiary Trust | Secretary | Since 2023 | Not disclosed |
| PI Subsidiary Trust | Secretary | Since 2023 | Not disclosed |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Barings Global Short Duration High Yield Fund (closed‑end) | Secretary; previously Assistant Secretary | Secretary since 2023; Assistant 2020–2023 | Barings‑advised fund officer role |
| Barings BDC, Inc. | Secretary; previously Assistant Secretary | Secretary since 2023; Assistant 2020–2023 | Barings‑advised BDC officer role |
| Barings Capital Investment Corporation | Secretary; previously Assistant Secretary | Secretary since 2023; Assistant 2021–2023 | Barings‑advised BDC officer role |
| Barings Private Credit Corporation | Secretary; previously Assistant Secretary | Secretary since 2023; Assistant 2021–2023 | Barings‑advised BDC officer role |
| Barings Private Equity Opportunities and Commitments Fund | Secretary; previously Assistant Secretary | Secretary 2023–Feb 2024; Assistant 2022–2023 | Adviser relationship ended Feb 2024 |
| Barings Funds Trust (open‑end; adviser until 2021) | Assistant Secretary | 2020–2021 | Adviser relationship ended 2021 |
Fixed Compensation
- Officer compensation for the Trusts’ officers (including Secretary) is paid by Barings under the Investment Services Contract; the Trusts do not disclose individual officer base salary, target bonus, or cash compensation details. Trustee cash retainers are disclosed, but not officer pay .
- Consequently, base salary, target bonus %, and actual bonus paid for Ms. Pacini are not reported in MCI/MPV proxies; officer compensation and expenses are borne by Barings, not by the Trusts .
Performance Compensation
- The proxies do not disclose any RSU/PSU/option awards, performance metric weightings, targets, or payouts for Trust officers; equity grants and option awards are not presented for officers of MCI/MPV .
- No award tables, vesting schedules, or clawback provisions are reported for Trust officers; officer compensation is handled by Barings under advisory contracts .
Equity Ownership & Alignment
| Metric | FY 2023 | FY 2024 | Notes |
|---|---|---|---|
| Trustees & Officers group beneficial ownership of MCI | 2.17% as of Mar 18, 2024 | 1.95% as of Mar 17, 2025 | Group ownership only; individual officer holdings not itemized |
| Barings beneficial ownership of MCI | 1.08% as of Mar 18, 2024 | 1.07% as of Mar 17, 2025 | Adviser-level beneficial ownership |
| MCI shares outstanding (record date) | Not disclosed in 2024 chunk | 20,298,644 as of Mar 17, 2025 | Record date counts per proxy |
- Independent Trustee ownership guideline: each Independent Trustee must invest one year’s worth of trustee fees (excluding committee fees) into MCI/MPV shares, with a three‑year phase‑in for new Trustees; this policy references Trustees, not officers .
- Pledging/hedging: No pledging or hedging by officers is disclosed; no specific officer ownership breakdown for Ms. Pacini is provided .
- Section 16 compliance: The Trusts report overall compliance by Trustees and relevant officers, noting isolated late filings for other individuals (e.g., a late Form 4 for Christina Emery; late Form 3s for others), but no issues attributed to Ms. Pacini .
Employment Terms
- Role start: Secretary since 2023; Assistant Secretary 2020–2023 .
- Contract, severance, change‑of‑control, non‑compete, non‑solicit, garden leave, post‑termination arrangements: Not disclosed for Trust officers; advisory contracts with Barings govern officer compensation/expenses, and individual employment terms are not presented in the proxies .
- Clawbacks, tax gross‑ups, deferred compensation, pensions/perquisites: Not disclosed for Trust officers in the proxies .
Board Governance (Context)
- Committees: Each Board has an Audit Committee (Chair: Barbara M. Ginader; designated financial expert), a Governance Committee (Chair: Maleyne M. Syracuse), and a Nominating Committee (Chair: Edward P. Grace III) .
- Meetings in 2024: Audit Committee held 4; Governance Committee 1; Nominating Committee 1 .
- Ms. Pacini is an officer (Secretary) and not listed as a Trustee; committee memberships apply to Trustees, not to officers .
Investment Implications
- Compensation alignment: As a Trust officer employed by Barings, Ms. Pacini does not have disclosed MCI/MPV‑linked cash/equity incentives; this limits direct pay‑for‑performance alignment to Trust outcomes, and implies minimal insider selling pressure tied to Trust equity grants .
- Ownership signal: Without individual officer ownership disclosures, alignment assessments rely on group ownership and adviser holdings; Barings’ modest beneficial stake (≈1.07%–1.08%) and Trustees’/officers’ group stake (≈1.95%–2.17%) provide limited skin‑in‑the‑game visibility for officers specifically .
- Retention risk: Employment and severance/change‑of‑control terms for officers are not disclosed; as an employee of Barings with multi‑entity secretarial responsibilities, retention risk appears more linked to Barings’ internal HR/career progression than Trust‑specific economics .
- Trading signals: Absence of disclosed officer equity awards, vesting schedules, or option grants means no identifiable upcoming vest‑related selling pressure or hedging/pledging red flags tied to Ms. Pacini; Section 16 compliance notes do not implicate her .
Overall, Ms. Pacini’s role is governance/administrative rather than compensation‑driven for Trust performance; investors should focus on Barings’ advisory contracts, Trustee governance and ownership guidelines, and adviser/shareholder dynamics for signal generation rather than officer‑specific incentives .