Secondaries specialist Coller Capital has completed a $1.3 billion continuation fund transaction, extending the life of a 2018-vintage private credit portfolio managed by Ares Management Corp, according to a report by Bloomberg.
The deal transfers a portfolio of first-lien, floating-rate loans to sponsor-backed middle-market companies into a new vehicle that will remain under Ares’s management.
Continuation funds have become an increasingly popular tool for private credit managers, allowing inve...
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