US pensions increasingly eye European private credit amid expanding allocations, diversification pressures
US public pensions have committed at least USD 4.4bn to European private credit strategies since July 2024  

Clearlake seals largest new direct lending deal for Dun & Bradstreet
Ares leads deal, taking USD 1.5bn; Morgan Stanley, Clearlake Capital Markets, Golub and Blue Owl also helped arrange the largest new unitranche ever

Clearlake, direct lenders plan to ink USD 5bn private credit loan for Dun & Bradstreet
EXCLUSIVE: A group of direct lenders led by Ares are wrapping up a USD 5bn term loan and USD 500m revolver, prepping to sign commitment documents within hours

Clearlake abandons bank-led option for a private credit loan to replace Dun & Bradstreet financing
EXCLUSIVE: The private equity firm is going with the Ares-led private credit loan rather than tapping banks to raise debt in the capital markets 

Clearlake set to seal private credit loan to replace risky Dun & Bradstreet financing
EXCLUSIVE: Ares leads USD 5bn unitranche loan with JPMorgan among expected lenders that will replace original 364-day financing

JPMorgan enters private credit big leagues with USD 4bn Boeing unit financing
EXCLUSIVE: The bank takes down the third-largest piece of the giant unitranche, lending shoulder-to-shoulder with direct-lending giants

Ares alum launches opportunistic credit firm backed by Millennium
The new firm will focus on opportunistic credit across public and private markets.

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 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

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 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 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 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

Ares receives another USD 100m for its third direct lending fund
Ares Management continues to inch towards its goal of raising USD 10bn for its third senior direct lending fund with a recent commitment from a pension fund.

Ares launches third vintage of senior direct lending fund
Ares Management recently filed regulatory documents with the US Securities and Exchange Commission for the Ares Sr Direct Lending III Access Parallel

Alternative asset managers increasingly tapping wealth channel for private credit fundraising
Wealthy individual investors have become increasingly appealing to alternative asset managers looking to raise money for private credit funds as asset managers look to broaden fundraising beyond institutional investors

Ares raises USD 22.4bn for US direct lending in 2023
Ares Management continues to see increased appetite for direct lending. The alternative asset manager's private credit team raised roughly USD 10.1bn in US direct lending commitments in Q4 of 2023

Ares latest commitment for third direct lending fund comes from Los Angeles pension system
Ares Management continues to grow its Ares Senior Direct Lending Fund III with a new commitment from the Los Angeles Fire & Police Pensions

Ares secures another USD 50m for direct lending fund
The Ares Senior Direct Lending Fund III, which had its first close in July, is expected to be larger than previous vintages

Ares raises USD 6.6bn for asset-based credit fund
Ares Management Corporation revealed the final close of its asset-based private credit fund Ares Pathfinder Fund II, reaching its hard cap at USD 6.6bn in commitments

Kansas City Police Retirement System focuses on private credit
Ares has been hired by the organization to manage some of its private credit portfolio as it increases allocations to the strategy 

Ares scores $200 million for third senior direct lending fund
The Los Angeles-based alternative asset manager received a commitment from a Phoenix-based pension plan

Ares second Pathfinder credit fund nears $5 billion target
Ares raised an additional $1.8 billion in 2Q23 for asset-backed fund

Kern County allocates $90 million for credit funds
Kern County commits up to $90 million to two private credit funds and a special opportunities fund