Ares Management launched a new open-ended European direct lending strategy for retail investors in Europe and Asia.
The Ares European Strategic Income Fund expands the direct lending strategy that the $378 billion firm established in 2007. The portfolio is comprised of directly originated, senior secured floating rate loans to performing businesses in Western Europe.
“As a pioneer in European direct lending with more than 15 years of experience investing on behalf of institutional investors, we are excited to bring the power of Ares’ origination and execution capabilities to individual investors,” said Blair Jacobson, partner and co-head of European Credit. “We believe that the current market opportunity is one of the most exciting we have seen in years and that our leadership position as a well-capitalized, global platform provides us with competitive advantages in sourcing and managing investments in order to deliver attractive risk-adjusted returns on behalf of our investors.”
Currently, Ares has over $60 billion in assets dedicated to the European direct lending strategy and since 2007, the firm has deployed more than $61 billion in capital. The team has 85 investment professionals across six originating offices in London, Frankfurt, Paris, Stockholm, Amsterdam and Madrid.
The new fund will be housed within Ares Wealth Management Solutions platform and is the first offering in Europe and Asia.
“The expansion of our wealth product offering reflects Ares’ ongoing commitment to delivering enhanced investment solutions and client services to our rapidly growing base of global individual investors,” said Raj Dhanda, partner and global head of Wealth Management. “With products spanning the real estate, private credit and private equity secondaries asset classes, we look forward to continuing to develop new offerings and remain committed to bringing Ares’ institutional quality private investment solutions to the wealth channel globally.”
Since launching the wealth product platform in 2021, Ares has sought to deliver private market access and education to financial advisors and their clients. The platform includes primary and secondary strategies across the credit, private equity, real estate and infrastructure asset classes.