Meiji Yasuda Life Insurance Company plans ¥200 billion in investment and asset-management mandates with Man Group over three years, deepening a partnership focused particularly on private credit.
Man Group, an investment manager, valued the target at about $1.25 billion in its Oct. 26 announcement. It described the amount as a planned increase in capital commitments across its investment strategies. Neither company provided a yearly deployment schedule or specified how much would go to private credit.
The expanded arrangement will give Meiji Yasuda access to Man Group’s investment products, with the firms sharing expertise on quantitative strategies and artificial intelligence (AI) and arranging staff exchanges. Man Group said it would become a preferred asset-management partner and work with Meiji Yasuda on products for Japan.
Meiji Yasuda says it plans to acquire about 5% of Man Group through market purchases. Man Group said the insurer would consider the purchase. No new shares would be issued. Under the proposed terms, shares acquired would be locked up for three years from the agreement date, and a standstill restriction would cap Meiji Yasuda’s acquisition at 19.99% of Man Group’s issued share capital, subject to customary exceptions. Future sales would follow orderly-market arrangements.
Meiji Yasuda says the partnership is intended to strengthen its asset-management capabilities and improve long-term investment performance for customers. Man Group says the expanded relationship supports its private-credit platform and its work with large insurance clients. Man Group CEO Robyn Grew said the increased commitment “underlines our capabilities in private credit.”
The companies announced an earlier partnership focused on private-asset investment on Feb. 25, 2025. Meiji Yasuda’s FY2024-FY2026 plan included a ¥600 billion expansion in private-asset investment over three years, without specifying how much involved Man Group. The companies gave no deadline for a possible share purchase.
