Barings Supports Incline’s Refinancing of RKD Group

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading investment managers, announced today that it has served as lead agent to support Incline Equity Partners’ (“Incline”) refinancing of RKD Group (“RKD” or “the Company”). Headquartered in Dallas, Texas, RKD is North America’s largest provider of omni-channel fundraising and marketing solutions to the non-profit sector.

RKD provides data-driven solutions to support the fundraising efforts of non-profit organizations. With nearly 50 years of experience, RKD serves hundreds of organizations across a diverse array of segments, such as food banks, health & disease, social service and animal welfare. The Company’s comprehensive suite of services includes strategic planning, content creation, marketing execution and performance analytics. These services enable non-profit organizations to accelerate net revenue growth, build long-term donor relationships and drive donor engagement.

“Barings deeply values our relationship with Incline and appreciates the opportunity to support its investment in RKD,” said Brian Polomsky, Managing Director in Barings’ Global Private Finance Group. “We are confident that Incline’s significant experience with marketing services businesses will support the Company’s continued growth.”

“RKD delivers a compelling value proposition by supporting critical fundraising initiatives for non-profit organizations,” said Joe Choorapuzha, Partner at Incline. “We are excited to continue partnering with the Company and value the support by Barings in this refinancing transaction.”

About Barings

Barings is a $442+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of March 31, 2025

About RKD

RKD Group’s vision is to propel the practice of philanthropy forward into a new era​. Alongside subsidiary companies Data Management Inc., Heller Consulting, MDM Fundraising and Summit Marketing, we aim to elevate your mission and grow philanthropy for this generation and the next. The Company’s website can be found at https://rkdgroup.com/.

About Incline

Incline Equity Partners is a leading private equity firm dedicated to investing across the middle market in services, value-added distribution and specialized light manufacturing companies. Incline is generally seeking growing companies with enterprise values of $25 – $750 million. Incline’s typical investment types are ownership transitions for privately held businesses, buyouts and corporate divestitures within the U.S. and Canada. For more information, visit https://inclineequity.com/.