Fundraisers

Ares Management raises $3.4bn

The Los Angeles-headquartered firm closed its first junior debt fund.

21 December 2017

Ares Management held a final close on $3.4 billion for its Ares Private Credit Solutions fund, surpassing its initial $2.5 billion target. The fund began fundraising in February this year.

Investors of the fund include Virginia Retirement System and Public Officials Benefit Association.

The fund will provide mezzanine debt to upper middle-market companies in North America.

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Ares Management raises $3.4bn

Nearly there!

PODCAST: Dechert’s PE co-head on the biggest trends in the industry

Side Letter: Oakley’s multi-billion raise; LPs’ negotiating power; GP NAV delays

PE fundraising falls by more than $100bn amid investor crunch

Side Letter: Ham Lane’s $20,000 token ticket; Brookfield’s niche secondaries approach

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