On June 7, 2023, Man Group PLC announced the acquisition of Varagon Capital Partners.
Under the terms of the agreement, Man Group PLC (“MG”) has acquired Vatragon Capital Partners (“Varagon”). The deal will see Varagon’s current leadership remaining in place. Financial terms were not disclosed.
MG, based in London, is a hedge fund manager servicing primarily institutional clients. As of March 31, 2023, MG had $144.7 billion in assets under management across all funds and affiliates.
Varagon, based in New York, is an asset manager focused on lending to middle market companies and offers a number of products including separately managed accounts and private funds. Varagon manages $11.8 billion in client assets.
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