Ares Management has raised approximately $7.1bn for its Credit Secondaries strategy, including the final closing of its inaugural Ares Credit Secondaries Fund and affiliated vehicles.

The strategy attracted about $4bn of LP equity commitments, more than double its initial $2bn target. Ares said the fund represents its largest inaugural institutional raise and the largest dedicated institutional credit secondaries fund globally by LP equity commitments.

Through the strategy, Ares aims to build a diversified portfolio of predominantly senior secured, private equity-backed, floating-rate private credit assets. Investments will be made across LP-led transactions and continuation vehicle deals, reflecting the expanding role of secondaries in addressing investor liquidity needs.

“The success of this milestone fundraise underscores our early-mover advantage in credit secondaries and the power of the Ares platform,” said Blair Jacobson, co-president of Ares. “As investors’ liquidity needs evolve, we will continue to develop innovative GP and LP solutions.”

Dave Schwartz, head of Credit Secondaries at Ares, said: “The final closing of ACS reflects the strength and market leadership of our Credit Secondaries strategy, which is supported by one of the largest purpose-built teams in the market.”

The strategy sits within Ares’ broader secondaries business, which spans private equity, real estate, infrastructure, and credit. As of 30 September 2025, Ares managed more than $595bn in assets globally, highlighting the scale behind its push into credit secondaries.

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