Man Group Considers More Acquisitions in Private Credit Push
- High rates, less bank lending increasing private credit appeal
- The hedge fund acquired private credit manager Varagon in July
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Man Group Plc is open to making acquisitions and hiring new teams to build out its private credit offerings as the asset class continues to gain appeal among investors and money managers.
The hedge fund plans to diversify and expand into different credit strategies in coming years to meet rising demand from clients for exposure to private assets, as well as to capitalize on the shift in corporate borrowing habits as banks tighten lending, Eric Burl, Man Group’s head of discretionary, said in an interview.