Man Group is reportedly in advanced talks to acquire Bardin Hill Investment Partners, a $3.3 billion New York-based credit firm, as it accelerates its expansion into private credit, according to Bloomberg.
The deal could close this month but is not finalized.
Bardin Hill focuses on middle-market lending and special situations, aligning with Man Group’s strategic interest in higher-yield private credit. The $167 billion asset manager entered the space with its previous $183 million purchase of Varagon Capital Partners.