Ares Management closed approximately $5 billion in U.S. direct lending commitments across 54 transactions during Q1/22 and approximately $35 billion in direct lending commitments across 287 transactions in the past year.
Ares Management entered into a definitive agreement to acquire, on behalf of funds managed by the Ares Credit Group, the middle market-lending portfolio of Annaly Capital Management for approximately $2.4 billion.
Black Women in Asset Management added Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G, Maniyar Capital, Morningstar and State Street Global Advisors as new institutional members.
Sharestates closed a $100 million warehouse line of credit led by funds managed by the credit group of Ares Management to capitalize on demand from borrowers.
Amryt, a global, commercial-stage biopharmaceutical company dedicated to acquiring, developing and commercializing novel treatments for rare diseases, secured $125 million of senior credit facilities from funds managed by the credit group of Ares Management.
SageSure, a general underwriter and insurance technology company, secured a $375 million senior credit facility from funds managed by the U.S. direct lending and alternative credit strategies of Ares Management.
New financing commitments made across Ares Management’s U.S. direct lending strategies more than doubled to $33.4 billion in 2021 compared with 2020.
Ares Management, a global alternative investment manager, completed its acquisition of AMP Capital’s infrastructure debt platform.
Jeffrey Hughes joined Ares Management’s credit group to lead the firm’s new effort in sourcing and managing privately placed investment grade credit investments.