Mega direct lenders break records despite sluggish fundraising cycle
The new year kicked off with Ares Management showcasing the largest ever fundraise for a European direct lending strategy, suggesting that investors are preferring to pile into the largest private credit managers

Ares raises EUR 30bn for European direct lending, hits hard cap
Ares Management has raised EUR 30bn for its latest European direct lending strategy and held a close for the latest fund

Ares adds alternative credit co-head in promotion
Ares Management has promoted Kevin Alexander to co-head of alternative credit alongside co-heads Keith Ashton and Joel Holsinger

Ares prints its 26th US BSL CLO deal of 2024
Ares has priced a CLO transaction after the manager hit a new YTD triple-A tight for new-issue BSL CLOs the previous week  

Ares hits fresh low for new-issue US BSL triple-As
Ares has set a new year-to-date tight for a new-issue US BSL CLO, with its ninth such print of the year 

Ares refinances 2017 vintage US BSL CLO
Ares, working with Natixis as the arranger, has refinanced its Ares XLV CLO, a US BSL deal from 2017

New US CLOs price from Ares, Benefit Street Partners, Fortress, BlackRock, Trinitas and Voya
Most of the triple-A spreads confirmed the tightening of the senior portion of the primary market, including prints at 129bps, 130bps and 131bps, all tighter than the benchmark just a week ago

Ares resets 2017-vintage US CLO
Ares Management has reset and upsized its Ares XLIII CLO for a second time. BNP Paribas was the arranger of both resets and of the original pricing in 2017.

CalPERS commits nearly USD 3bn to private debt investments
The California Public Employees’ Retirement System approved nearly USD 3bn in private debt commitments to external managers during the second quarter of 2024

Ares refinances much-revisited US BSL CLO from 2013
Ares XXVII CLO first priced in 2013, was reset in 2017, then was reset again in 2021. This time a refinancing is extending its timeline a little further.

Ares resets 2019 vintage CLO a second time
Ares and Morgan Stanley teamed up for a reset of a 2019 vintage US BSL CLO last week

Ares negotiates sub line lending solutions with banks
Ares Management is upping its subscription line lending activity. It has agreed a new partnership with Investec and is talks with a number of other banks

Ares sets new tight for new issue middle-market CLOs
A simple structure with two debt tranches included triple-As that priced at SOFR plus 154bps, the tightest level yet for a middle market CLO 

Ares prices inside guidance for static European CLO reset
Ares has reset its 2020-vintage Ares European CLO XIV, a static deal, valued as a EUR 235.8m transaction via Goldman Sachs

Ares prices USD 700m MM CLO
Ares kept it simple with a tightly priced investment grade only capital stack for its latest direct lending CLO

Ares 2018-vintage reset prices with big equity injection
Ares' latest US BSL CLO reset of Ares XLIX has priced, but introduced a hefty equity injection of USD 61.25m 

Ares plans to swaps short-dated for static in European CLO reset
Ares is marketing a static reset of the short-dated 2020-vintage Ares European CLO XIV, with Goldman Sachs acting as the arranger

Ares shortens timetable on latest US CLO reset
Ares' latest reset of a previously 2Y/5Y US BSL CLO from the 2019 vintage has priced with a short-dated 1Y/3Y timetable

Ares strategy ‘links investing to purpose’ with 5-10% of profits donated to charity
Joel Holsinger at Ares Management has a proposition for investors: “We’ll make the same types of investments we’ve made historically for you, and we’ll contribute 5% to 10% of our profits to charity.”

Ares scoops up Riverside Credit Solutions for undisclosed amount
Ares Management has completed the purchase of lower middle market specialist Riverside Credit Solutions

Ares lowers 2024 tights with new middle market CLO
Ares continued its busy year with its 22nd transaction – a new middle market CLO that set a new triple-A tight for 2024

Ares is latest manager to price new US BSL AAAs at 135 bp
Ares and Scotiabank came to the primary market to print a new US BSL deal called Ares LXXIV CLO that hit the 135bps AAA level 

Ares prices 20th CLO of 2024 with BSL reset
Ares priced a 2022-vintage US BSL CLO reset last week via Barclays, marking the manager’s 20th transaction of the year.

Ares resets 2022 vintage CLO knocking 56bps off triple-A spread
A reset of the US BSL CLO Ares Loan Funding III saw the senior tranche priced at SOFR plus 127bps

Ares closes USD 34bn senior direct lending fund
Ares has closed what could be the largest direct lending fund ever with nearly USD 34bn raised, including USD 15.3bn in equity commitments