Ares Management Raises €30 Billion for European Direct Lending Strategy
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