From industry rag FundFire:

Janus Henderson CEO Ali Dibadj is making no secret of his goal to buy private credit capabilities, saying in an earnings call Wednesday that the firm has looked at “any deal you’ve seen occur, big or small.”

The firm has been “very, very involved” in the mergers and acquisitions landscape, he said.

“And if we’re not involved in the final culmination of a deal, it’s because of our decision either on valuation or potential to grow or fit with our business from a cultural perspective or client need.”

Driven by fee and margin compression, traditional asset managers have been turning to the private asset classes to meet client demand and generate higher fees, as reported.

Janus Henderson has struggled with years of net outflows. Until the period ended March 31, it had suffered outflows in every single quarter since Janus Capital and Henderson Global Investors merged in 2017.

From the enlightened height of OUR self-interest, I would suggest we have something different here at Cove Street that is FAR from being picked over.