Ares Management closed Ares Pathfinder Fund II at $6.6 billion in commitments. The fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target.
Kyte closed an asset-backed credit financing of up to $200 million from Goldman Sachs and the Ares Global Management alternative credit team to accelerate the company’s fleet growth and margin expansion.
Ares Management closed its Ares Pathfinder Fund, L.P. With $3.7 billion in total commitments closed, the fund was significantly oversubscribed at its hard cap and exceeded its original target of $2 billion.
Funds managed by Ares Management’s alternative credit strategy led the closing of a three-year, $400 million secured loan commitment for Chimera Investment.