Ares Management (ARES) announced that funds managed by its Credit Group closed approximately $11.5B in U.S. direct lending commitments across 81 transactions during the first quarter and approximately $50.4B in direct lending commitments across 351 transactions in the 12 months ended March 31. The $50.4B of commitments over the 12-month period represents a new record for the U.S. Direct Lending business.
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