Ares Management has raised $8bn dollars for a fund making direct loans to small and midsize U.S. companies, escalating a fight between alternative-asset managers for market share in the burgeoning private-credit market.
Asset-management firms including Apollo Global Management, Ares and Blackstone Inc. are increasingly turning to credit funds to boost assets under management, a key driver of their stock valuations.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes.
Source: Wall Street Journal
Can’t stop reading? Read more
CVC secures €3.7bn financing for Global Sport Group backed by KKR and Pimco
CVC secures €3.7bn financing for Global Sport Group backed by KKR and Pimco CVC Capital Partners...
Bain Capital secures $12.5bn across Asia and Japan buyout funds
Bain Capital secures $12.5bn across Asia and Japan buyout funds Bain Capital has raised $12.5bn...
EQT eyes $6bn divestment of Linux developer SUSE
EQT eyes $6bn divestment of Linux developer SUSE EQT is exploring a potential sale of SUSE that...