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)