Man Group called credit “a cornerstone” of the firm in its latest half-year results, as assets under management (AUM) in its credit business grew to $42.7bn (£31.9bn).
Private credit, including real estate, credit risk sharing, collateral loan obligations (CLOs), US direct lending and US opportunistic credit, comprises $14.4bn of the group’s total credit AUM, as of 30 June 2025.
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Credit now accounts for 22 per cent of firm-wide AUM, up from 10 per cent at the end of June 2023, when AUM in its credit business totalled $14.7bn.
In its 2025 half-year results, the London-headquartered asset manager said the acquisition of Bardin Hill had “enhanced” its opportunistic and performing credit capabilities.
The FTSE-listed firm announced earlier this month that it was buying New York-based private credit manager Bardin Hill, which has around $3bn in AUM across distressed and special situations investments and non-sponsor backed direct lending in the US, as well as broadly syndicated loan CLOs.
Bardin Hill’s $2bn opportunistic credit platform focused on US distressed, special sits and non-sponsor backed lending will expand Man Group’s private credit capabilities, while its $1bn performing credit platform will complement the group’s existing CLO capabilities.
Man Group has been expanding its foothold in the US credit market in recent years via acquisitions, and in its half-year results stated that the Bardin Hill deal grows its presence and offering in the US, adding 48 people in New York.
Overall, the asset manager reported record AUM of $193.3bn as at 30 June 2025, up from $168.6bn at the end of 2024, with net inflows of $17.6bn driven by its long-only range and 11.5 per cent ahead of the industry.
“I am proud of the team’s strong progress against our strategic priorities, including the acquisition of Bardin Hill, which will further strengthen our fast-growing credit platform and US presence,” said Robyn Grew, chief executive of Man Group.
“It proved to be one of the most challenging periods for trend-following strategies in 25 years; however, their intrinsic properties and long-term track record give us a high degree of conviction in the role they play in allocators’ portfolios.”
Grew added: “While our results reflect those headwinds, they also serve to validate our strategy and underscore the value of the diversification we continue to build across our business.”
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