Man Group in talks to acquire Bardin Hill

Man Group is in discussions to acquire credit firm Bardin Hill Investment Partners.

A deal could be signed as early as this month, according to sources cited in a report by Bloomberg, but stressed that talks could still be delayed or fall apart.

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New York-based firm Bardin Hill specialises in mid-market, special situations and broadly syndicated credit, managing around $3.3bn (£2.5bn) as of 28 February, its website says.

Meanwhile, Man Group is the world’s biggest publicly-listed hedge fund and runs a range of investment products, reporting $167bn in assets under management as of 14 April.

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Man Group first made a push into the private credit market in July 2023 with the acquisition of Varagon Capital Partners for $183m.

Both Man Group and Bardin Hill declined to comment to Bloomberg. Alternative Credit Investor has contacted Man Group for further comment.

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