Ares closes second direct lending fund

Ares Management Corporation has dived deeply into direct lending initiatives raising $19 billion over the past two months, including expected leverage.

This week the Ares Senior Direct Lending Fund II (SDL II) raised $8 billion. The fund is over 2.6 times the size of its 2018 predecessor fund of $3 billion.

SDL II, in combination with the recently closed Ares Private Credit Solutions II at $5.1 billion in October

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