• Ares Management Corporation closed over $9.8 billion of capital for its Opportunistic Credit strategy, including the final closing of Ares Special Opportunities Fund III LP (ASOF III) and related transaction vehicles.
• ASOF III raised over $8.3 billion in equity commitments, significantly exceeding its target and prior vintage fund size.
• ASOF III represents one of the largest dedicated pools of private capital raised for opportunistic credit.
• The Opportunistic Credit strategy provides flexible capital solutions to middle-market companies to support growth initiatives, refinance capital structures, and return capital to shareholders.
• ASOF III offers private debt, equity, and hybrid solutions bridging the gap between for-control private equity and traditional corporate lending, while opportunistically purchasing stressed public corporate credits.
• Aaron Rosen, Co-Head of Opportunistic Credit, highlighted strong global institutional investor demand and nearly 10 years of scaling the platform to deliver bespoke capital solutions.
• Craig Snyder, Co-Head of Opportunistic Credit, noted market volatility creates attractive opportunities for managers with experience across private and public companies and liquidity solutions.
• The Opportunistic Credit team consists of 33 investment professionals, including Partners Aaron Rosen, Craig Snyder, Felix Bernshteyn, Matt Underwood, Brad Friedman, and James Kim, averaging 21 years of industry experience.
• Since inception, the strategy has deployed over $17 billion and generated over $11 billion in realized proceeds with minimal realized losses.
• The Opportunistic Credit strategy is part of Ares’ broader global Credit platform, which maintains over 1,000 sponsor relationships in the U.S. and Europe.
• Ares Credit has a 20+ year track record across geographies, industries, and market cycles, managing over $405 billion in assets with more than 560 dedicated investment professionals as of December 31, 2025.
