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.
Sebastien Burdel and Luca Salvato jointed Ares Management as partners in the firm’s secondary solutions group. Burdel, who is based in London, and Salvato, who is based in New York, are the two founding partners of Spring Bridge Partners.
Ares Management and its subsidiary, Ares Holdings, entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform, an infrastructure debt investment platform with approximately $8 billion in assets under management as of Sept. 30.
Ares Management raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund with approximately $1.4 billion in total raised and $800 million in related transaction vehicles.
Funds managed by Ares Management’s credit group closed approximately $7.2 billion in commitments across 54 transactions during Q3/21 and approximately $27 billion in commitments across 244 transactions in the 12-month period ended Sept. 30.
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.