California CLO manager markets its fifth new CLO of the year
A west coast manager is planning its fifth new CLO of the year and has hired Morgan Stanley to arrange the deal

Ares keeps up direct lending growth and plans new credit fund launch
Ares Management’s credit business just keeps growing, with the firm planning a new fund launch and a continued push into European direct lending, according to a recent results presentation

Ares prices triple As at 117bp in $658 million US CLO reset
Ares priced its 11th transaction in the US CLO market yesterday

Partner leaves Ares's credit group after almost 20 years at the firm
A former fund and CLO portfolio manager, who had spent the last couple of years working in a business development role, has left Ares's Los Angeles offices    

US managers win South Korean investment
Ares, Audax and KKR are among the cluster of fund managers that have put their hearts and minds into marketing credit funds in Seoul – with great success

Credit fundraising hits $11.1bn in September
$11.1 billion was raised for credit-orientated strategies in September, according to Creditflux’s fundraising tracker. Just over half of this ($5.6 billion) comes from direct lending funds

Adams Street adds Ares private credit specialist to its New York office
Adams Street Partners has expanded its private credit team with the addition of former Ares Management official Justin Lawrence.

Ares backs Carlyle with new CLO equity investment
Ares Management has emerged as a key equity investor in Carlyle Group’s most recent US CLO

Ares raises $2.15 billion in seven months for private credit strategy
Ares Management has raised about $2.15 billion for a private credit fund over just seven months, as it creeps close to its $2.5 billion cap

New Ares strategy points to euro direct lending SMA with US pension fund
Ares Management has registered a vehicle known as Ares European Credit Strategies VII, in what is believed to be a separately managed account geared towards direct lending

Direct lending growth spurs Ares's AUM above $100 billion
Yet again credit and, more specifically, direct lending is proving to be the driving force behind Ares Management’s growth

Morgan Stanley gets busy in the US CLO primary market
Morgan Stanley’s team was busy in the US CLO primary market yesterday, pricing not only the refi of a large 2015 CLO, but a third new deal of 2017 for one of the market's biggest managers

Wealth manager bumps up allocation to new Ares structured credit fund
A wealth management firm has increased its allocation to a structured credit fund that is being raised by Ares with a $500 million target

Combo notes return as Ares prices $1.1 billion CLO
Ares Management has produced one of the largest CLOs of the year after pricing Ares XLIV CLO (or, Ares 44 CLO)

CLO investor trades out of low-coupon Ares triple As
A $30 million slice of the triple-A tranche of Ares XXVI was sold on Friday with market sources claiming that the stake sold above par with a cover of 100.05

Ares and KKR score five-year resets for US CLOs
Amid a burst of US CLO new issue activity, Friday saw two relatively rare five-year resets

Ares wins $1.1 billion in global direct lending SMAs in strong start to 2017
Direct lending proved to be Ares Management’s most successful strategy in fundraising terms with the firm registering $1.1 billion of inflows for European and US private debt in the first quarter

Ares hires from Barings for real estate debt business
Ares Management is fortifying its real estate debt business

Ares matches tightest triple-A print of the year as it prices new CLO
Ares Management has priced an $818 million CLO, according to market sources, securing a triple-A print of 122bp over Libor

Los Angeles-based manager begins marketing new CLO with BNP Paribas
A Los Angeles-based CLO manager is working on its second CLO of the year, according to market sources. The $818 million deal is expected to price next week

JP Morgan completes $1.4 billion of CLOs in an afternoon
Friday afternoon was a busy one for JP Morgan’s CLO arranging team, with the bank completing $1.4 billion of business across three deals