Hedge Funds

Man Group buys Varagon Capital Partners in $183m deal

London-listed group scores deal to give it greater presence in US

Man Group has agreed to buy a controlling interest in US middle-market private credit manager Varagon Capital Partners for $183m.

The active investment management firm said it is buying the interest in cash from its existing internal resources from Aflac, Corebridge Financial, American International Group, and former members of Varagon's management team.

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