Saturday, April 20, 2024

Man Group buys Varagon in US private credit move

Photo credit: Unsplash

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.

Please subscribe to Alternative Fund Insight to continue reading
Alternative Fund Insight provides high-value information, industry analysis, exclusive interviews and business intelligence tools to professionals in hedge funds and private markets.