Ares to Boost Private Credit Presence in Record India Market

Ares Management Corp. is looking to grow its business in India and sees opportunities in sectors like acquisition financing and real estate loans, where local players face tighter regulation.

The alternative asset manager has deployed $4.5 billion to Indian companies as of the end of September, roughly half the firm’s investment in Asia over the past five years, according to Manish Jain, head of India at Ares Management Asia. Overall, the firm has about $464 billion of assets under management.

Manish Jain

Source: Ares Management Corp.

Firms like Ares are behind the growth of private credit in India, where lenders have stepped in to finance ...