Ares Management raised $3.7 billion of dedicated capital to invest in sports leagues, sports teams and sports-related franchises, as well as media and entertainment companies.
The Ares Sports, Media and Entertainment Finance is an inaugural fund in the sector and was oversubscribed according to officials. Over one-quarter of the fund has been invested with debt and/or equity investments being made to Atletico de Madrid, the San Diego Padres, McLaren Racing and Inter Miami CF.
The fund takes advantage of the scale of the global Ares platform, including the strong sourcing networks . . .
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