• Home
  • About Us
  • Contact
  • Subscribe
  • Your Account
  • Login
No Result
View All Result
Monday, May 29, 2023
Alternatives Watch
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
No Result
View All Result
Alternatives Watch
No Result
View All Result

Ares closes largest European direct lending fund ever

Susan BarretobySusan Barreto
April 29, 2021
in Manager News, Private Credit
Ares closes largest European direct lending fund ever

By elxeneize

ShareTweetShareSendSend

Ares Management Corporation closed its fifth commingled European direct lending fund at a record-breaking €11 billion ($13 billion), as officials cite strong demand from pension funds, insurance companies, SWFs, endowments and family offices.

Ares Capital Europe V (ACE V) was not only the largest European direct lending fund raised to date, but also the largest institutional fund raised by Ares to date. It represents an increase of approximately 70% versus the predecessor fund, Ares Capital Europe IV, which closed in 2018 at is €6.5 billion hard cap and was also oversubscribed. Officials added that including anticipated leverage, the total available capital for the latest fund will be approximately €15 billion.

“We believe the successful fundraise for ACE V is a result of our market position and our cycle-tested track record,” said Blair Jacobson, partner and co-head of European Credit at the $197 billion asset management firm. “We appreciate the strong continued support and confidence our investors have in our team, strategy and the strength of our leadership position in Europe. ACE V will also seek to have a positive social impact as part of our broader firm-wide focus on ESG.”

The Ares European Direct Lending team has already started putting money to work with primarily mid-market companies. Ares direct lending business now totals more than $42 billion in Europe, after its initial launch in 2007 that afforded the firm first mover advantage in the space. Since then, the team has expanded to 70 investment professionals across six originating offices in London, Frankfurt, Paris, Stockholm, Amsterdam and Madrid.

“The deployment backdrop remains constructive as middle market companies increasingly seek our flexible capital solutions in an improving economy,” said Michael Dennis, partner and co-head of European Credit at Ares. “We believe the scale of our capital remains a differentiator due to our ability to provide flexible, one-stop financing solutions, making Ares an attractive direct lender to companies seeking a long-term partner to sustain their growth.”

So far ACE V has sourced 11 investments totaling €1.7 billion. Since inception, Ares’ European Direct Lending business has completed 235 investments totaling over €27 billion of invested capital supporting 115 private equity sponsors.

Tags: Ares ManagementDirect lending
ShareTweetShareSendSend
Previous Post

Resolute Capital names leader for real estate expansion

Next Post

Illinois pension adds real estate debt funds

Related Posts

People moves for week of May 26
Hedge Funds

People moves for week of May 26

CPP allocates nearly $6bn to 2023 private equity vintage
Pensions

CPP allocates nearly $6bn to 2023 private equity vintage

Alaska fund targets $2.6bn in private market deployment
Pensions

Alaska fund targets $2.6bn in private market deployment

KKR appoints Pietrzak to lead private credit
Private Credit

KKR appoints Pietrzak to lead private credit

Fortress leadership, Mubadala to own $46bn Fortress Investment Group
Private Credit

Fortress leadership, Mubadala to own $46bn Fortress Investment Group

Next Post
Illinois pension adds real estate debt funds

Illinois pension adds real estate debt funds

Log In/Out

Lost your password?

Search the AW Archives

No Result
View All Result

Recent News

People moves for week of May 26

People moves for week of May 26

Chatham sounds warning on RYAM debt maturities

Chatham sounds warning on RYAM debt maturities

Godspeed raises $250m for second investment program

Godspeed raises $250m for second investment program

CPP allocates nearly $6bn to 2023 private equity vintage

CPP allocates nearly $6bn to 2023 private equity vintage

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Investor News
  • Private Equity
  • Private Credit
  • Hedge Funds
  • Real Estate/Infrastructure
  • Subscribe
  • Your Membership
  • Terms of Service
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
    • CTAs/Managed Futures
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe

© 2019-2022, All Rights Reserved  |  BMV Digital

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Be an alts insider

Start your days in the know with our free newsletter

No, I don't want to be an alts insider

Thank

You!

Follow us
on LinkedIn

Lost your password?

This Website Uses Cookies
We use cookies on our website to provide necessary functions. By clicking “Accept”, you consent to the use of all strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo