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Matthias Knab, Opalesque: Man Group, the global alternative investment management firm, today announces it has entered into an agreement to acquire Bardin Hill, a US private credit manager with approximately $3.0 billion in assets under management (AUM').
Based in New York City, Bardin Hill is an opportunistic and performing credit manager. Its opportunistic credit platform focuses on US distressed and special situations investments and US non-sponsor backed direct lending, while its performing credit platform focuses on broadly syndicated loan CLOs.
Led by a highly experienced management team with an average industry tenure of 22 years, Bardin Hill has significant expertise in managing credit strategies and a sophisticated global client base including pension funds, endowments, foundations, insurance companies and consultants.
Jason Dillow, CEO of Bardin Hill, will continue to lead the Bardin Hill business with the support of its nine partners, including its executive committee members, Philip Raciti and Jacob Fishelis. Bardin Hill's investment committee, investment team, and investment processes will remain in place, and Man Group's global distribution capabilities will enhance the firm's access to new investors.
The acquisition further bolsters Man Group's overall credit platform - which currently comprises nearly $40 billion of assets under management, over 10 specialist investment teams and 100+ credit professionals - by...................... To view our full article Click here
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