Ares Management Raises €30 Billion for European Direct Lending Strategy
Ares Management (NYSE: ARES) has announced the final closing of its sixth European direct lending fund, Ares Capital Europe VI (ACE VI), raising €17.1 billion in commitments, exceeding its €15 billion target and reaching its hard cap. Including related vehicles and anticipated leverage, the total available capital for the European Direct Lending strategy is expected to be approximately €30 billion.
The fund size represents a 53% increase compared to its predecessor fund, ACE V, which closed at €11.1 billion in 2021. Combined with the previously announced $33.6 billion raised for Senior Direct Lending Fund III, Ares has secured approximately $64.5 billion across both strategies.
ACE VI has already deployed €6.4 billion across over 50 investments. The fund targets senior-secured positions in high-quality European companies with EBITDA exceeding €10 million. Ares' European Direct Lending strategy manages over $74 billion in assets and has completed nearly 380 investments totaling over €70 billion since inception.
Ares Management (NYSE: ARES) ha annunciato la chiusura finale del suo sesto fondo di prestiti diretti europei, Ares Capital Europe VI (ACE VI), raccogliendo 17,1 miliardi di euro in impegni, superando il target di 15 miliardi di euro e raggiungendo il limite massimo. Inclusi i veicoli correlati e la leva attesa, il capitale totale disponibile per la strategia di Prestiti Diretti Europei dovrebbe essere di circa 30 miliardi di euro.
La dimensione del fondo rappresenta un aumento del 53% rispetto al fondo predecessore, ACE V, che si è chiuso a 11,1 miliardi di euro nel 2021. Combinato con i 33,6 miliardi di dollari precedentemente annunciati raccolti per il Senior Direct Lending Fund III, Ares ha assicurato circa 64,5 miliardi di dollari in entrambe le strategie.
ACE VI ha già investito 6,4 miliardi di euro in oltre 50 investimenti. Il fondo punta a posizioni garantite senior in aziende europee di alta qualità con EBITDA superiore a 10 milioni di euro. La strategia di Prestiti Diretti Europei di Ares gestisce oltre 74 miliardi di dollari in attivi e ha completato quasi 380 investimenti per un totale di oltre 70 miliardi di euro dalla sua creazione.
Ares Management (NYSE: ARES) ha anunciado el cierre final de su sexto fondo europeo de préstamos directos, Ares Capital Europe VI (ACE VI), recaudando 17,1 mil millones de euros en compromisos, superando su objetivo de 15 mil millones de euros y alcanzando su límite máximo. Incluyendo vehículos relacionados y el apalancamiento anticipado, el capital total disponible para la estrategia de Préstamos Directos Europeos se espera que sea de aproximadamente 30 mil millones de euros.
El tamaño del fondo representa un aumento del 53% en comparación con su fondo predecesor, ACE V, que cerró en 11,1 mil millones de euros en 2021. Combinado con los 33,6 mil millones de dólares previamente anunciados recaudados para el Senior Direct Lending Fund III, Ares ha asegurado aproximadamente 64,5 mil millones de dólares en ambas estrategias.
ACE VI ya ha desplegado 6,4 mil millones de euros en más de 50 inversiones. El fondo tiene como objetivo posiciones aseguradas senior en empresas europeas de alta calidad con EBITDA superior a 10 millones de euros. La estrategia de Préstamos Directos Europeos de Ares gestiona más de 74 mil millones de dólares en activos y ha completado casi 380 inversiones por un total de más de 70 mil millones de euros desde su inicio.
Ares Management (NYSE: ARES)가 여섯 번째 유럽 직접 대출 펀드인 Ares Capital Europe VI (ACE VI)의 최종 마감을 발표하며 171억 유로의 약정액을 모집하여 150억 유로의 목표를 초과하고 하드 캡에 도달했습니다. 관련 차량 및 예상 레버리지를 포함할 때, 유럽 직접 대출 전략을 위한 총 가용 자본은 약 300억 유로에 이를 것으로 예상됩니다.
펀드 규모는 2021년에 111억 유로로 마감된 이전 펀드 ACE V에 비해 53% 증가한 것입니다. 336억 달러가 모금된 Senior Direct Lending Fund III와 결합하여 Ares는 두 전략 모두에서 약 645억 달러를 확보했습니다.
ACE VI는 이미 640억 유로 이상에 걸쳐 50개 이상의 투자에 배분되었습니다. 이 펀드는 1천만 유로 이상의 EBITDA를 초과하는 고품질 유럽 기업의 상위 담보 위치를 목표로 하고 있습니다. Ares의 유럽 직접 대출 전략은 740억 달러 이상의 자산을 관리하고 있으며, 시작 이후 700억 유로 이상에 대해 거의 380개의 투자를 완료했습니다.
Ares Management (NYSE: ARES) a annoncé la clôture finale de son sixième fonds de prêts directs européens, Ares Capital Europe VI (ACE VI), ayant levé 17,1 milliards d'euros d'engagements, dépassant son objectif de 15 milliards d'euros et atteignant son plafond. Y compris les véhicules connexes et l'effet de levier anticipé, le capital total disponible pour la stratégie de Prêts Directs Européens devrait être d'environ 30 milliards d'euros.
La taille du fonds représente une augmentation de 53 % par rapport à son fonds prédécesseur, ACE V, qui a été clôturé à 11,1 milliards d'euros en 2021. Combiné aux 33,6 milliards de dollars précédemment annoncés collectés pour le Senior Direct Lending Fund III, Ares a sécurisé environ 64,5 milliards de dollars dans les deux stratégies.
ACE VI a déjà déployé 6,4 milliards d'euros dans plus de 50 investissements. Le fonds cible des positions sécurisées senior dans des entreprises européennes de haute qualité avec un EBITDA supérieur à 10 millions d'euros. La stratégie de Prêts Directs Européens d'Ares gère plus de 74 milliards de dollars d'actifs et a réalisé près de 380 investissements totalisant plus de 70 milliards d'euros depuis sa création.
Ares Management (NYSE: ARES) hat den endgültigen Abschluss seines sechsten europäischen Direktkreditfonds, Ares Capital Europe VI (ACE VI), bekannt gegeben, der 17,1 Milliarden Euro an Zusagen gesammelt hat, was das Ziel von 15 Milliarden Euro übersteigt und die Hard Cap erreicht. Inklusive verwandter Vehikel und erwarteter Hebelwirkung wird das insgesamt verfügbare Kapital für die Europäische Direktkreditstrategie voraussichtlich etwa 30 Milliarden Euro betragen.
Die Fondgröße stellt einen Anstieg von 53% im Vergleich zum Vorgängerfonds, ACE V, dar, der im Jahr 2021 mit 11,1 Milliarden Euro geschlossen wurde. In Kombination mit den zuvor angekündigten 33,6 Milliarden Dollar, die für den Senior Direct Lending Fund III gesammelt wurden, hat Ares insgesamt etwa 64,5 Milliarden Dollar in beiden Strategien gesichert.
ACE VI hat bereits 6,4 Milliarden Euro in über 50 Investitionen investiert. Der Fonds zielt auf senior gesicherte Positionen in hochwertigen europäischen Unternehmen mit einem EBITDA von über 10 Millionen Euro ab. Die europäische Direktkreditstrategie von Ares verwaltet über 74 Milliarden Dollar an Vermögenswerten und hat seit ihrer Gründung nahezu 380 Investitionen mit einem Gesamtwert von über 70 Milliarden Euro abgeschlossen.
- Raised €17.1 billion, exceeding €15 billion target and reaching hard cap
- 53% increase in commitments compared to predecessor fund
- Total available capital of €30 billion including leverage
- Already deployed €6.4 billion across 50+ investments
- Manages over $74 billion in assets under European Direct Lending strategy
- None.
Insights
Ares Management's record-breaking
The combined firepower of
For investors, this massive capital raise strengthens Ares' competitive moat in direct lending through enhanced scale economies, deeper sponsor relationships and increased bargaining power in deal negotiations. The focus on defensive industries and capital preservation aligns with institutional preferences in the current market environment.
This fundraise validates the structural shift toward private credit as banks continue retreating from middle-market lending. The pan-European strategy, spanning 90 professionals across key financial centers, creates a formidable origination network that smaller players cannot replicate. With nearly 380 completed investments totaling over
The emphasis on sole or lead lender positions is particularly noteworthy - it gives Ares significant control over deal terms and restructuring flexibility if needed. The senior-secured focus and defensive industry targeting suggest conservative underwriting despite the large fund size. This approach should resonate with partners seeking yield with downside protection.
From a stock perspective, this fundraise materially expands Ares' fee-generating AUM and long-term earnings power. The
The scalability of direct lending, combined with Ares' operational leverage, should drive expanding margins as the platform grows. The sticky nature of private credit assets also provides excellent forward fee visibility. For NYSE:ARES shareholders, this reinforces the company's leadership in one of the fastest-growing segments of alternative assets.
Ares Capital Europe VI Final Close Exceeds Target and Hits Hard Cap, Creating the Largest Institutional Fund in the Global Direct Lending Market
Combined with the previously announced
“The final closing of ACE VI underscores the strength of Ares’ European direct lending platform as well as the strong demand from borrowers for flexible capital solutions,” said Blair Jacobson, Partner and Co-Head of European Credit. “We thank our existing and new investors for their confidence in our longstanding and differentiated strategy.”
“Over the past 18 years, we have continued to demonstrate our market leadership through our local pan-European approach,” said Michael Dennis, Partner and Co-Head of European Credit. “Our team’s deep regional and sector experience, alongside our longstanding sponsor and partner relationships, enable us to originate significant opportunities with high-quality borrowers.”
“Our platform provides the scale, experience and innovation to identify new opportunities and navigate unexpected challenges, and our team is eager to continue building on our track record of success,” said Matt Theodorakis, Partner and Co-Head of European Direct Lending at Ares. “We remain committed to the structuring discipline and selective capital deployment that have enabled our business to thrive throughout cycles.”
Ares’ European Direct Lending strategy comprises approximately 90 investment professionals across
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2024, Ares Management Corporation's global platform had approximately
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Media:
Giles Bethule, +44 7879615114
Jacob Silber, +1 212 301 0376
media.europe@aresmgmt.com
Source: Ares Management Corporation
FAQ
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