Ares Raises $7.1bn for Debut Credit Secondaries Fund

Ares raises $7.1bn for debut credit secondaries fund

Ares Management has raised $7.1bn for its first private credit secondaries strategy, underscoring the rapid growth of a market that is emerging as one of the fastest-expanding segments of private capital, according to a report by Bloomberg. The Ares Credit Secondaries Fund secured $4bn in equity commitments from investors, according to Dave Schwartz, head of credit secondaries at the firm, which oversees more than $595bn in assets. The total cap…

Private Credit Takes Center Stage: Ares’ $7.1B Fund Signals Expansion

(HedgeCo.Net) The private credit market — long the darling of institutional allocators — is rapidly evolving into a liquid opportunity set of its own. Today’s announcement that Ares Management has raised a massive $7.1 billion for its first private-credit secondaries fund underscores how credit investors are demanding liquidity, flexibility and solutions that go beyond traditional direct lending.  Ares’ Bold Entry into Credit Secondaries Ares Cr…

Ares hits $7.1bn in landmark credit secondaries raise

Ares Management has raised $7.1bn (£5.3bn) for its credit secondaries strategy, marking its largest inaugural fundraise to date. The $595bn alternatives manager said the total includes the close of its Ares Credit Secondaries Fund, affiliated vehicles and anticipated leverage. In total, Ares raised approximately $4bn in limited partner (LP) equity commitments, doubling its $2bn target […] The post Ares hits $7.1bn in landmark credit secondaries …

Ares storms to $7bn for credit secondaries strategy, including $4bn for its biggest-ever inaugural fundraise

Ares Management has raised more than $7bn for its credit secondaries strategy, including about $4bn for its inaugural Ares Credit Secondaries Fund. The post Ares storms to $7bn for credit secondaries strategy, including $4bn for its biggest-ever inaugural fundraise appeared first on AltAssets Private Equity News.