Ares raises $3.7bn for latest alt credit offering

Ares Management Corporation held the final closing of its Ares Pathfinder Fund with a total of $3.7 billion in commitments, handily exceeding its original target of $2 billion.

The offering builds on Ares Alternative Credit strategy that spans 25 funds, 40 investment professionals and $13 billion in AUM. The Pathfinder strategy provides tailored financial solutions for owners of large, diversified portfolios of assets that generate predictable and contractual cash flows throughout market cycles. The fund invests in alternative credit assets that are sourced in the financing gaps found between the credit, private equity and real estate . . .

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