Latest Ares opportunistic credit fund attracts nearly $10bn

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Latest Ares opportunistic credit fund attracts nearly $10bn

privateequitywire

3 months ago

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Ares Management has raised over $9.8bn for its opportunistic credit platform, completing the third fund in the series along with associated investment vehicles, even as private credit faces growing scrutiny, according to a report by the Wall Street Journal.
The firm has secured $8.3bn in equity commitments for Ares Special Opportunities Fund III, with the remaining capital coming from co-investment vehicles. The total excludes leverage, which the firm may deploy opportunistically. Ares has alrea...

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