Ares Management Raises Over $7 Billion for Leading Credit Secondaries Strategy

– Ares Management Corporation, a global alternative investment manager, raised approximately $7.1 billion for its Credit Secondaries strategy.

– The capital raise includes the final closing of the inaugural Ares Credit Secondaries Fund (ACS), affiliated vehicles, and anticipated leverage.

– ACS received approximately $4 billion in LP equity commitments, doubling its $2 billion target.

– This marks Ares’ largest inaugural institutional fundraise.

– ACS is believed to be the largest dedicated institutional credit secondaries fund globally based on LP equity commitments.

– ACS aims to build a diversified portfolio of mainly senior secured, private equity-backed, and floating-rate private credit portfolios.

– The Fund will tactically allocate across LP-led and continuation vehicle transactions in collaboration with leading asset managers.

Blair Jacobson, Co-President of Ares, emphasized the fundraise as a milestone highlighting Ares’ early-mover advantage in credit secondaries and the strength of the broader Secondaries business.

– ACS leverages Ares’ talent, data-driven insights, and comprehensive multi-asset class offerings to address evolving investor liquidity needs.

Dave Schwartz, Head of Credit Secondaries, highlighted the team’s global investor confidence, disciplined investment approach, focus on diversification, and downside protection.

– The strategy is led by Dave Schwartz, Sebastien Burdel, Chrissy Svejnar, and Luca Salvato.

– The Ares Secondaries Group has a 30+ year track record investing across private equity, real estate, infrastructure, and credit.

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