Ares Management Targets $45bn From Accelerated Fundraising

Ares Management Targets $45bn From Accelerated Fundraising

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...
Versa Networks raises $120m led by BlackRock, eyeing IPO

Versa Networks raises $120m led by BlackRock, eyeing IPO

Network security provider Versa Networks has raised $120m in equity and debt in what will be its final funding round before an initial public offering, its chief executive told Reuters. The round, led by BlackRock Inc with participation by Silicon Valley Bank, which...