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Andrea Rossi, M&G's top man, is raring to go on more private market deals after sealing a alliance with Japan's Dai-chi Life. This partnership will grant them access to extra funding that will help in pouring capital into potential targets.
David Ricketts | June 2, 2025
The partnership between M&G and Dai-ichi Life Holdings is designed to extend M&G's footprint in European private markets, with a focus on asset management and insurance operations. Here's what you need to know:
Role as Dai-ichi's European Partner
M&G will become Dai-ichi Life's preferred asset management partner in Europe, connecting the Japanese giant to various investment opportunities across public and private markets. This isn't just for Dai-ichi's needs but also for its client base [2][3].
Growth, Distribution, and Product Development
The partnership aims to generate new business by boosting growth, distribution, and product development. This is expected to drive long-term business growth for both parties, supporting M&G's adjusted operating profit [2][3].
European Private Markets Expansion
This collaboration is set to speed up M&G's aspirations in European private markets. By tapping Dai-ichi Life's capital and distribution networks, more private market transactions can be executed in areas like infrastructure, real estate, and private credit [2][4].
Cross-Border Opportunities
The partnership opens new business opportunities in Japan and Asia for M&G, while supporting Dai-ichi Life's objectives in Europe [3][4]. Subject to regulatory approval, Dai-ichi Life might snag a 15% stake in M&G plc, allowing it to appoint a director to M&G's board [2][4].
Impact on Seed Capital Provision
With Dai-ichi Life's investment and long-term commitment, M&G is likely to have greater access to seed capital for new private market funds and initiatives. This can pave the way for new products and the scaling of innovative investment strategies [2][3][4]. The alliance offers M&G a stable, long-term source of funding from a major institutional investor, reducing its reliance on short-term capital. Lastly, partnering with Dai-ichi Life will enable M&G to leverage its partner's bulk purchase annuity expertise and broader distribution networks, making its private market offerings more appealing to institutional investors.
In essence, M&G's union with Dai-ichi Life is expected to trigger more private market deals by offering access to capital, distribution, and expertise, helping M&G provide seed capital effectively and enhance its private markets business [2][3][4].
In the partnership with Dai-ichi Life Holdings, M&G will invest and manage assets, aiming to boost growth and product development, thereby increasing their business opportunities in both public and private markets. This strategic alliance is predicted to accelerate M&G's expansion in European private markets, allowing them to execute more transactions in sectors like infrastructure, real estate, and private credit, thanks to Dai-ichi Life's capital and distribution networks.
