Ares Management Raises $3.7bn of Sports, Media and Entertainment Capital

Significant Debt and Equity Investments Include Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF

Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised $3.7bn of dedicated capital focused exclusively on investing in sports leagues, sports teams and sports-related franchises, as well as media and entertainment companies.

Ares Sports, Media and Entertainment Finance (SME), Ares’ inaugural fund focused on the sector, includes total equity commitments of nearly $2.2bn.

Including anticipated leverage and related transaction vehicles, the total available capital for SME is expected to be $3.7bn.

The Fund was oversubscribed relative to its initial target of $1.5bn. 

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Through SME, Ares employs a global flexible private capital strategy that invests across the capital structure in both debt and equity, including senior debt, junior debt, preferred equity and minority equity in target investments.

To date, SME has committed capital to 19 portfolio companies, which represents approximately $1bn of opportunities across the sports, media and entertainment landscape, including debt and/or equity investments in Atlético de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF.

The Fund takes advantage of the scale and strength of the global Ares platform, including the strong sourcing networks and insights from senior executives who possess extensive expertise and relevant relationships across the sector.

Source: BusinessWire

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