Meiji Yasuda raises Man Group private-credit commitment to $1.3 billion
The Japanese insurer commits ¥200 billion over three years and could separately buy a 5% stake in the British investment manager through market purchases.
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The Japanese insurer commits ¥200 billion over three years and could separately buy a 5% stake in the British investment manager through market purchases.
Japanese insurer Meiji Yasuda is raising its capital commitment to British investment manager Man Group’s private-credit funds to ¥200 billion ($1.3 billion), the companies said on October 26. The money is to be allocated over the next three years.
The agreement builds on a partnership first announced in February 2025, CNA said. The ¥200 billion figure is a commitment for the three-year period, not a measure of money already invested.
Private-credit funds invest in privately arranged loans. Meiji Yasuda’s commitment concerns those funds, while a possible 5% equity stake would give the insurer part-ownership of Man Group itself. The companies said any such shareholding would be acquired through open-market purchases; they did not announce a completed purchase.
Panmure Liberum analysts put Meiji Yasuda’s previous commitment at ¥150 billion. The companies did not disclose the earlier amount.
Meiji Yasuda has been diversifying beyond government bonds and domestic shares to seek higher returns for policyholders. Its expanded commitment also comes as regulators raise concerns that limited transparency, inconsistent data and opaque valuation practices in private credit could pose risks to wider financial markets.
Alongside the three-year capital allocation, Meiji Yasuda and Man Group plan to develop products together for the Japanese market.
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