Alternative investment manager Ares Management is taking advantage of market volatility and rising interest rates to accelerate fundraising efforts, aiming to collect more than $45bn for several vehicles, including expected borrowing capacity.
The credit specialist aims to capitalize on tighter bank lending and volatile equity markets
This week the a global alternative investment manager held the final closing of its Ares Special Opportunities Fund II (ASOF II) at its hard cap of $7.1bn of commitments, including General Partner commitments, way in excess of its $4bn target.
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In January 2017, the Ares Private Equity Group developed its Special Opportunities strategy as an expansion of its flexible capital investment activities and to be a non-control complement to Ares’ existing for-control private equity strategy.
As part of an integrated Private Equity team located across the US and Europe, the Special Opportunities strategy comprises 24 investment professionals, led by six partners – Scott Graves, Aaron Rosen, Craig Snyder, Felix Bernshteyn, James Kim and Matt Underwood – who on average have approximately 20 years of investment experience.
Source: WSJ
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