UK's Man Group deepens Meiji Yasuda tie-up with $1.28 bln commitment, potential 5% stake

Oct 26 (Reuters) - Hedge fund Man Group EMG.L expanded its partnership with Japan's Meiji Yasuda on Monday, with the Japanese insurer committing 200 billion yen ($1.28 billion) to Man Group's private-credit focussed investment strategies and weigh buying a 5% equity stake in the alternative asset manager.

Here are some details:

• The expanded partnership builds on a partnership announced in February 2025 as Man Group aims to grow its private credit platform and serve large insurance clients globally

• Meiji Yasuda's investment in Man Group's investment strategies will span over three years, with particular focus on private credit

• The potential 5% equity stake would be acquired through open-market purchases with no new shares issued by Man Group

• The two firms will co-develop products for the Japanese market, with Man Group becoming a preferred asset management partner

• Any acquisition of Man Group's shares by Meiji Yasuda would be subject to a three-year lock-up period, a 19.99% ownership cap and orderly market arrangements for future disposals

($1 = 156.8100 yen)