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Private Equity

Ares raises $7.1bn for debut credit secondaries fund

privateequitywire

5 months ago

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Ares Management has raised $7.1bn for its first private credit secondaries strategy, underscoring the rapid growth of a market that is emerging as one of the fastest-expanding segments of private capital, according to a report by Bloomberg.
The Ares Credit Secondaries Fund secured $4bn in equity commitments from investors, according to Dave Schwartz, head of credit secondaries at the firm, which oversees more than $595bn in assets. The total capital raised also includes a $1bn global credit seco...

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