Ares Senior Direct Lending Fund raises $3 bln
Ares Management Corp said Jan. 2 that its inaugural, commingled U.S. senior direct lending fund closed on $3 billion of total commitments. The target for Ares Senior Direct Lending Fund was $2 billion. Including anticipated leverage, the total capital for the pool is expected to be approximately $5 billion. Ares Senior Direct Lending Fund will provide senior secured loans to companies in a private, commingled fund format.
2 January 2019•4 mins read
