Ares Management (ARES) has raised approximately $7.1B of capital for its Credit Secondaries strategy, inclusive of the final closing of its inaugural Ares Credit Secondaries Fund, affiliated vehicles and anticipated leverage. With approximately $4B in LP equity commitments, the Fund doubled its $2B target and represents Ares’ largest inaugural institutional fundraise. In addition, Ares believes that ACS is the largest dedicated institutional credit secondaries fund globally based on LP equity commitments. Through ACS, Ares aims to construct a highly diversified portfolio of predominantly senior secured, private equity-backed and floating-rate private credit portfolios by tactically allocating across LP-led and continuation vehicle transactions in collaboration with asset managers.
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