Ares Management has provided a $100m financing facility to Dubai-based multifamily office Patrimium, deepening its push into Gulf private credit markets, according to sources cited by Bloomberg.

The net asset value facility allows Patrimium to raise capital against its existing private market investments. Ares said the transaction is among the first of its kind in the region involving a global alternatives firm.

The financing was completed through Ares’ Alternative Credit strategy, which manages $46.7bn. Ares oversees more than $595bn across asset classes.

Patrimium said the structure provides flexible capital for new investments without asset disposals or external fundraising. The facility is backed by a diversified pool of private market assets.

The deal highlights growing demand for sophisticated credit solutions in the Gulf. International lenders are increasingly filling gaps left by domestic banks focused on government projects.

The transaction follows earlier Ares deals in the region, including financing for Property Finder and partnerships with Mubadala and ADIC. 

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