Ares Management formed Ares Wealth Management Solutions, which will oversee activities across Ares’ investment offerings in the global wealth management channel. Ares named Raj Dhanda global head of wealth management and leader of the new division.
Funds and other accounts managed by Ares Management’s infrastructure and power strategy entered into an agreement to acquire a majority stake in Apex Clean Energy. The transaction will provide Apex with additional equity growth capital.
Nuula secured $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand’s launch and drive adoption of the Nuula mobile app and a $100 million credit facility provided by funds managed by the credit group of Ares Management.
Funds managed by Ares Management’s European direct lending strategy are serving as the sole lenders of £1 billion ($1.39 billion) of available debt facilities to the RSK Group, a privately-owned multi-disciplinary environmental business in the United Kingdom.
Vmo Aircraft Leasing increased its capital base from $500 million to $1.1 billion through its latest round of fundraising. Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners provided the capital injection.
Funds managed by Ares Management’s credit group closed approximately $9 billion in commitments across 77 transactions during Q2/21 and approximately $21.8 billion in commitments across 221 transactions in the 12-month period ended June 30, 2021.
A subsidiary of Ares Management completed its acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business.
Funds managed by Ares Management committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector.
Ares Management completed its previously disclosed acquisition of Landmark Partners, an investor in acquiring secondary private fund ownership stakes in the alternative asset management industry.
A fund managed by Ares Management’s private equity group signed a purchase agreement to sell Farrow & Ball, a UK-based manufacturer and retailer of paint and wallpaper, to Hempel Group.