Man Opportunistic Credit Fund III reaches first close with USD 1.25 billion target

Man Group announced the first close of Man Opportunistic Credit Fund III on 8 June 2026. The fund seeks USD 1.25 billion in total commitments and has a USD 1.5 billion hard cap. The announcement did not disclose the amount raised at first close. A final close was expected within twelve months, with the commitment period ending sooner if the hard cap was reached. Jason Dillow leads the investment team, whose opportunistic credit strategy spans more than a decade and two earlier fund vintages. The generally unlevered approach combines asset pools, direct company financing and bespoke opportunities, shifting between private and public credit as market conditions and dislocations change.