A. General Description of Advisory Firm. 
Man  Solutions  Limited  (“Man  Solutions”)  is  a  limited  liability  company, 
incorporated under the laws of England and Wales in June 1997. Man Solutions is authorized and 
regulated  in  the  United  Kingdom  by  the  Financial  Conduct  Authority.  Man  Solutions’  current 
business commenced in September 2016.   
The direct owner of Man Solutions is Man Group UK Limited, an indirect, wholly 
owned subsidiary of Man Group plc, a London Stock Exchange-listed financial company and a 
component  of  the  FTSE  250  Index.  Man  Group  plc,  through  its  investment  management 
subsidiaries  (collectively  “Man”),  is  a  global  investment  management  business  and  provides  a 
range of fund products and investment management services for institutional and private investors 
globally.  As  of  December  31,  2023,  Man  had  approximately  USD167.5  billion  of  assets  under 
management.1  Man  Solutions  Limited  is  doing  business  as  Man  Group  which  represents  the 
marketing name of the Firm. 
Man  Solutions  offers  discretionary  services  through  pooled  investment  vehicles 
(“Funds”)  or  separately  managed  accounts  for  institutional  clients.  Discretionary  services  are 
provided  in  accordance  with  the  stated  investment  objectives,  restrictions  and  policies  of  each 
client, as set out in the Fund’s offering memorandum or the investment management agreement, 
respectively. “Funds” include one or more funds that Man Solutions, affiliates or employees2 have 
seeded or invested over 25% of the capital of such Funds. Important information regarding each 
Fund and separately managed account, which includes investment objectives, risks, strategy, fees 
and  other  material  information,  including  applicable  conflicts  of  interest  is  contained  in  each 
Fund’s  offering  documents  and  in  each  separately  managed  account's  investment  management 
agreement, as the case may be.      
 As used herein, the term “client” generally refers to each Fund and each beneficial 
owner of a separately managed account. 
1 Man assets under management as stated in the Man Group plc Annual Report include advisory-only assets 
over which Man has no decision making or trading authority and managed account platform services for 
which Man provides platform and risk management services but does not provide investment management 
services.    
2 As used herein, the term “employee(s)” for the purposes of this Brochure includes personnel, partners, 
officers, directors (other than non-executive directors of Man Group plc) and other persons with similar 
status or performing similar functions.  
In  addition  to  investment  management  services,  Man  Solutions  provides 
distribution  services  to  its  affiliates  primarily  in  the  UK.  Man  Solutions  does  not  provide  such 
services in the US.  
Man Solutions complies with applicable US securities regulations only with respect 
to its US clients.   
Man Solutions’ Services  
Customized portfolios  
Man  Solutions  primarily  provides  a  single,  centralized  investment  manager  for 
clients  to  access  investment  capabilities  across  its  affiliated  managers  including:  AHL  Partners 
LLP,  GLG Partners LP,  GLG LLC,  Man Solutions  LLC,  Numeric  Investors LLC,  Man Global 
Private Markets (USA) Inc., Man Global Private Markets UK Ltd., Varagon Capital Partners, L.P. 
and VCC Advisors, LLC. (collectively “Affiliated Managers”), each of which is registered as an 
investment adviser with the SEC as further described in Item 10. Man Solutions may also allocate 
to third party investment advisers as described elsewhere in this Brochure. 
Man Solutions  works  closely  with  its  clients  to  provide investment  management 
services in relation to “fund of funds” or customized portfolios, either on a discretionary or non-
discretionary  basis.  Such  services  may  be  in  the  form  of  investments  in  funds  (“Affiliated 
Fund(s)”) and/or allocations to separately managed accounts managed on a discretionary basis by 
affiliates through a sub-advisory arrangement (“Affiliated Accounts”). Affiliated Managers invest 
directly in financial instruments on behalf of Man Solutions clients.  
Certain  customized  portfolios  may  also  include  allocations  to  non-affiliated 
investment managers which have undergone the assessment, due diligence, and approval process. 
of the External Alpha investment division of Man Solutions and its affiliate Man Solutions LLC, 
an investment adviser registered with the SEC whose business includes a focus on fund of funds 
among  other  strategies.  In  relation  to  this,  certain  Man  Solutions  employees  may  provide  due 
diligence, risk management and other services to Man Solutions LLC. It should also be noted that 
the due diligence performed by External Alpha is not generally undertaken where Man Solutions 
allocates to Affiliated Managers. 
In addition, Man Solutions provides portfolio consulting or platform infrastructure 
type services to institutions commonly referred to as its “Dedicated Managed Account Platform” 
(“DMAP”).  Under  such  Platform  Services  Agreements,  the  Firm  provides  services  such  as: 
providing  clients  with  assistance  in  aspects  of  the  investment  vehicle’s  company  set  up  and 
organization; preparing, reviewing and negotiating investment management agreements with third 
party  investment  managers  selected  by  the  client;  third  party  investment  manager  on-boarding; 
assistance with service provider selection; investment manager guideline monitoring; providing 
information, manager research and due diligence on potential or existing Underlying Managers; 
assistance  with  any  regulatory  or  required  filings;  as  well  as  on-going  reporting  among  other 
services as agreed with the client. In such cases, the institutional investor is responsible for making 
its own assessment and investment decisions with regards to any investment with the underlying 
managers. 
Services to Non-US Clients 
 
Man  Solutions  provides  discretionary  services  whereby  it  invests  directly  in 
financial instruments on behalf of clients primarily for credit hedging strategies.  
Man  Solutions  may  also  invest  in  co-investment  opportunities  offered  by  the 
Affiliated Managers on behalf of its clients or may appoint an Affiliated Manager to trade specific 
financial
                                        
                                        
                                             instruments on its behalf or to manage a tailored portfolio of financial instruments. 
Man Solutions provides restricted investment advice as defined under the Markets 
in Financial Instruments II Directive (2014/ 65/ EU) in relation to specific mandates covered via a 
delegation agreement with an affiliate of Man Solutions. 
In  addition  to  the  above,  Man  Solutions  may  also  provide  advisory  services  on 
either  a  discretionary  or  non-discretionary  basis  with  regards  to  portfolio  workout/liquidation 
situations (“workout portfolios”) or where specifically instructed to do so by a client. Where such 
services are provided on a client-by-client basis, the investment process to be followed will be in 
accordance  with  that  agreed  with  the  client  and  may  not  fall  within  Man  Solutions’  standard 
investment process as described herein.  
Other Services 
Man Solutions has entered into a services agreement with a third-party investment 
manager  (which  was  the  prior  employer  of  a  portfolio  manager  who  is  now  employed  by  Man 
Global  Private  Markets  UK  Limited.,  an  affiliate  of  Man  Solutions). Pursuant  to  the  services 
agreement,  Man  Solutions  provides  general  market  commentary  to  certain  of  such  investment 
manager’s  investors.  The  services  are  conducted  under  the  supervision  and  with  approval  and 
review of such third-party investment manager. 
General 
Certain  affiliated  advisory  firms  may  be  considered  “Participating  Affiliates”  of 
Man Solutions or the Affiliated Managers (as that term is used in relief granted by the staff of the 
Securities and Exchange Commission (“SEC”)) allowing investment advisers registered with the 
SEC  to  use  portfolio  management,  operations,  and  trading  resources  of  advisory  affiliates  and 
personnel  subject  to  the  supervision  of  an  SEC-registered  adviser.  Professionals  from  such 
Participating Affiliates may render portfolio management, risk management, research, trading or 
other related services to the Participating Affiliates under separate services agreements. Fees may 
be paid by and received from the parties under these arrangements. 
Man provides a number of centralized functions to Man Solutions and the Affiliated 
Managers,  which  includes  trading,  risk  management,  operations,  middle  office  accounting, 
finance,  proxy  voting,  class  actions,  human  resources,  facilities,  tax,  legal,  compliance, 
information  technology,  among  other  such  services.  Man  Solutions  utilizes  investment 
management, cash management, research, investment models, trading, client servicing, sales and 
marketing capabilities of its affiliates in providing services to its clients.   
B. Description of Advisory Services. 
Please see Item 8 herein. 
This  brochure  generally  includes  information  about  Man  Solutions  and  its 
relationships with its clients and affiliates. While much of this brochure applies to all such clients 
and  affiliates,  certain  information  included  herein  applies  to  specific  clients  or  affiliates  only. 
Important  information  regarding  each  fund  and  managed  account,  which  includes  investment 
objectives, risks, strategy, fees and other material information, including applicable conflicts of 
interest regarding relationships with affiliates, is contained in each fund’s offering documents and 
in each managed account's investment management agreement, as the case may be. 
C. Availability of Customized Services for Individual Clients.  
Man  Solutions’  investment  decisions  and  advice  with  respect  to  each  Fund  are 
subject  to  the  relevant  Fund’s investment  objectives and guidelines, as set  forth  in  its offering 
documents.  Similarly,  Man  Solutions’  investment  decisions  and  advice  with  respect  to  each 
separately managed account are subject to each client’s investment objectives and guidelines, as 
set forth in the client’s investment management agreement/trading advisory agreement, as well as 
any written instructions provided by the client. 
A Fund may issue multiple classes, sub-classes, tranches, sub-tranches and/or series 
(or  sub-series)  of  shares  or  interests,  as  applicable,  in  the  future  (or  enter  into  “side  letter” 
agreements with certain investor(s) that alter, modify or change the terms of the shares or interests, 
as  applicable,  held  by  the  investor(s)),  which  may  differ  and  may  be  more  favorable  from  the 
shares or interests, as applicable, currently offered by the Fund in terms of, among other things, 
the  performance  compensation,  the  management  fee,  redemption  rights  (including  redemption 
dates and notice periods), currency denomination, minimum and additional subscription amounts, 
informational rights and other rights. New classes, sub-classes, tranches, sub-tranches and/or series 
(or sub-series) of shares or interests, as applicable, may be issued (or “side letter” agreements may 
be entered into) by a Fund’s board of directors, in its sole discretion, on behalf of the Fund, in 
consultation  with  Man  Solutions,  without  providing  prior  notice  to,  or  receiving  consent  from, 
existing investors. The terms of such classes, sub-classes, tranches, sub-tranches and/or series (or 
sub-series)  or  "side  letter"  agreements  will  be  determined  by  the  board  of  directors,  in  its  sole 
discretion, in consultation with Man Solutions. In general, a Fund will not be required to notify 
investors  upon  entering  into  "side  letter"  agreements  nor  will  a  Fund  be  required  to  offer  such 
additional and/or different rights and/or terms to any or all of the other investors. 
D. Wrap Fee Programs. 
Man Solutions does not participate in wrap fee programs. 
E. Assets Under Management. 
As of January 1, 2024, Man Solutions managed approximately USD 36.5 billion in 
regulatory assets under management on a discretionary basis.3 
3  As  of  January  1,  2024, MSL’s affiliate  Man  Solutions  LLC  began  co-managing  the  private  fund Man 
Funds XII SPC, which consists of a master fund and its feeder fund, Man Strategies 1783. The master and 
feeder funds are included in assets under management for both MSL and Man Solutions LLC while reported 
in 7.B.(1) of ADV Part 1 for Man Solutions LLC and in 7.B.(2) of ADV Part 1 for MSL.