Joseph Evanchick
About Joseph Evanchick
Joseph Evanchick is Vice President of Barings Corporate Investors (MCI), serving since 2023. He is age 60 and a Managing Director at Barings, where he leads the Middle Market CLO platform; he has worked in the industry since 1992 and holds a B.S. from Edinboro University of Pennsylvania and an M.B.A. from Pennsylvania State University . MCI’s proxy does not disclose officer pay-for-performance metrics (e.g., TSR, revenue growth, EBITDA growth) or any individual performance linkage for officers; officers’ compensation and expenses are paid by Barings rather than the Trusts .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Barings | Managing Director; Head of Middle Market CLOs | 2012–present (Head of Middle Market CLOs since 2018) | Built and leads Middle Market CLO platform; manages private credit assets for Global Private Finance Group . |
| ICP Capital | Managing Director | 2008–2012 | Structured finance leadership; capital raising and portfolio management in credit markets . |
| Bear Stearns | Senior Managing Director (Structured Finance Banker) | 1993–2008 | Structured finance origination/marketing across fixed income and derivatives . |
| Banque Indosuez | Derivatives Marketer | 1992–1993 | Derivative product marketing, early-stage capital markets experience . |
| First Options of Chicago | Options Trader | 1986–1989 | Options trading foundation in derivatives markets . |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Barings Corporate Investors (MCI) | Vice President (Officer) | Since 2023 | Officer of the Trust; supports governance and operations alongside Barings advisory function . |
| Barings Participation Investors (MPV) | Vice President (Officer) | Since 2023 | Officer of the affiliated trust; similar responsibilities under Barings advisory oversight . |
| Barings (Global Private Finance) | Head of Middle Market CLOs | Since 2018 | Leads Middle Market CLO platform; manages private credit assets with global scale . |
Fixed Compensation
Officers of the Trusts (including Evanchick) have their compensation and expenses paid by Barings under the advisory contracts; the Trusts do not disclose officer-level salary, bonus, or perquisites.
| Component | Disclosure Status | Notes |
|---|---|---|
| Base salary | Not disclosed by MCI | Officers’ compensation paid by Barings; no officer cash comp details in proxy . |
| Target bonus % | Not disclosed by MCI | No officer incentive plan details in proxy . |
| Actual bonus paid | Not disclosed by MCI | No officer-specific payouts disclosed . |
| Perquisites (aircraft, security, relocation, etc.) | Not disclosed by MCI | No officer perquisite disclosures; trustees receive fixed fees only . |
| Pension/SERP | Not disclosed by MCI | Trustees do not receive pension; officers’ arrangements (if any) not disclosed . |
Performance Compensation
MCI does not disclose officer equity awards (RSUs/PSUs), option grants, performance metric weightings, or vesting schedules for officers; compensation is handled by Barings.
| Incentive Type | Metric Linkage | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| RSUs/PSUs | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed . |
| Stock Options | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed . |
| Annual Incentive | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | N/A (cash) . |
Equity Ownership & Alignment
| As-of Date | Filing/Disclosure | Evanchick Ownership | Notes |
|---|---|---|---|
| 01/23/2023 | SEC Form 3 (Initial Statement) | “No securities are beneficially owned.” | Filed as Vice President; indicates zero beneficial ownership at the time . |
| 03/18/2024 | Section 16(a) Compliance Note | Late Form 3 filing for MCI/MPV | The proxy notes his Form 3s for both trusts were inadvertently filed late . |
| 03/17/2025 | Share Ownership (group) | Trustees & Officers as a group: 1.95% of MCI; Barings: 1.07% of MCI | Individual officer holdings not itemized; trustee dollar ranges provided, officers not listed individually . |
- Pledging/Hedging: No pledging or hedging by Evanchick is disclosed in the proxy filings .
- Trading Activity: No Form 4 transactions for Evanchick were identified in the filings list; proxies reference late Form 3 in 2024, but do not itemize any subsequent transactions .
Employment Terms
| Term | Disclosure |
|---|---|
| Office term/tenure | Officer since 2023; officers hold positions until a successor is duly elected and qualified . |
| Employment contracts | Not disclosed by MCI; officers are employees of Barings (compensation and expenses paid by Barings) . |
| Severance/change-of-control | Not disclosed; no single/double-trigger or accelerated vesting terms specified for officers in MCI proxies . |
| Non-compete/non-solicit/garden leave | Not disclosed in MCI filings . |
| Clawbacks/tax gross-ups | Not disclosed for officers in MCI filings . |
Investment Implications
- Alignment and selling pressure: As of his Form 3, Evanchick reported zero beneficial ownership, and no subsequent Form 4 transactions are identified—suggesting limited direct insider selling pressure signals tied to MCI shares . Group ownership data cites aggregate stakes but does not itemize officer holdings in 2025 .
- Pay-for-performance transparency: Officer compensation is paid by Barings, and MCI does not disclose officer-level salary, bonus, equity awards, or metric linkages—limiting assessment of pay-for-performance alignment at the Trust level .
- Retention risk: Tenure at Barings since 2012 and leadership of the Middle Market CLO platform since 2018 indicates institutional anchoring; however, MCI filings do not disclose employment contracts, severance, or change-of-control economics to assess retention incentives tied to MCI roles .
- Governance and compliance: The 2024 proxy notes late Form 3 filings for Evanchick (MCI/MPV), a procedural compliance lapse but not indicative of trading impropriety; 2025 proxy lists other late filings for different officers, and reports Section 16 compliance otherwise .
Education and credentials: B.S. (Edinboro University of Pennsylvania), M.B.A. (Pennsylvania State University); Head of Middle Market CLOs at Barings; Vice President of MCI and MPV—demonstrating deep structured finance and private credit expertise relevant to the Trusts’ investment focus .