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Stock impact report

Ares Raises Over $7 Billion for Leading Credit Secondaries Strategy

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Business Wire
Marks Ares' Largest Inaugural Institutional Fundraise and Market’s Largest Dedicated Institutional Credit Secondaries Fund NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $7.1 billion of capital for its Credit Secondaries strategy, inclusive of the final closing of its inaugural Ares Credit Secondaries Fund (“ACS” or the “Fund”), affiliated vehicles and anticipated leverage. With approximately $4 billion in LP equity commitments, the Fund doubled its $2 billion target and represents Ares’ largest inaugural institutional fundraise. In addition, Ares believes that ACS is the largest dedicated institutional credit secondaries fund globally based on LP equity commitments.Through ACS, Ares aims to construct a highly diversified portfolio of predominantly senior secured, private equity-backed and floating-rate private credit portfolios by tactically allocating a Show less Read more
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