Man Group buys Varagon in US private credit move

July 6, 2023

Related: Family offices target private credit as hedge funds disappoint: BlackRock
Related: Man Group signals multi-strat focus under new CEO
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Man Group has acquired a controlling stake in Varagon Capital Partners, a US middle-market specialist running $11.8bn, marking a significant push into private credit .

The move comes on the heels of Man Group’s agreement to buy a 51% stake in Asteria, a Geneva-based, ESG-focused asset manager, in dealmaking set to drive expansion under incoming CEO Robyn Grew.

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