Ares Management (ARES) announced that one of its affiliates has entered into a definitive agreement to acquire the entire outstanding share capital of BlueCove, a London-based systematic fixed income manager. Financial terms were not disclosed. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions, including regulatory approvals. BlueCove invests in high-yield, corporate investment grade, convertible bonds, and other liquid credit instruments. Since Ares first partnered with BlueCove through a minority stake acquisition in 2023, assets under management have grown from $1.8B to approximately $5.5B, as of September 30. Ares Systematic Credit will be led by Alex Khein, supported by a team of approximately 60 professionals, with Hugh Willis serving as a senior advisor to the organization.
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