Man Group’s Kevin Marchetti on what investors should be focusing on now in private credit
INTERVIEWSERIES
Kevin Marchetti, Chief Investment Officer & Head of US Direct Lending, Man Group
June 2026
In this exclusive interview, Kevin discusses the private credit landscape and what investors should focus on as the lending environment becomes more complex. He highlights opportunities in the U.S. core middle market, including diversification benefits, attractive relative value, and reduced competition. Kevin also outlines the key questions investors should be asking managers today, with a focus on transparency, risk management, and capital preservation.
Watch the full interview where we ask Kevin:
With private credit having attracted enormous inflows over recent years, should investors be concerned that the opportunity is getting crowded out?
Having gone from near-zero rates and near-zero defaults, how would you characterise the environment U.S. corporate borrowers face today?
Software and technology lending has been one of the hottest areas in private credit. Is that a space you are leaning into?
With deal activity slowing and M&A volumes down, are these headwinds for direct lenders like Man US Direct Lending?
For an institutional investor looking to allocate to private credit, what should they be asking their managers that they might not be asking?
Kevin Marchetti, Chief Investment Officer & Head of US Direct Lending, Man Group
Kevin is Chief Investment Officer and Head of US Direct Lending at Man Group.
Kevin has extensive experience in risk management and middle market leveraged finance across a range of industries and strategies. Prior to joining Varagon Capital Partners (now Man Group) in 2014, he was a Senior Vice President at GE Antares Capital. He has also held senior risk positions at CIT Group and TD Bank.
Kevin holds a BA from Springfield College and an MBA from the University of North Carolina at Charlotte.
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