Ares Management launched Ares Strategic Income Fund, a business development company that will invest in senior secured loans to U.S. middle-market companies. The fund launched with approximately $1.5 billion in investible capital.
iCapital and Ares Wealth Management Solutions expanded their partnership to provide financial advisors and registered independent advisors with greater access to a broadened menu of alternative investment solutions.
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.