Ares Management raised $8.5b from institutional backers for its newest fund investing in esoteric credit, the Financial Times reports, citing Joel Holsinger, who co-heads Ares’ alternative credit business.
- The fund is focused on complex asset-backed debt
- The preceding fund, which raised $6.6b in 2023, has reported returns after fees of 16%, the report adds
- NOTE: Earlier,
Ares Raises $850 Million So Far For New Real Estate Debt Fund
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