Ares SSG, an Asia-Pacific alternative asset manager, closed its third Secured Lending Opportunities Fund III (SLO III), achieving capital commitments of more than $1.6 billion, which Ares believes is the largest pan-Asian secured lending fund to date.
Ares Management won four awards from Private Debt Investor and Private Equity International, including Global Fund Manager of the Year, BDC of the Year (Americas), Distressed Debt Investor of the Year (Asia- Pacific) and Lender of the Year (North America).
Ares Management appointed John Knox Australia and New Zealand chairman of Ares SSG, furthering focus on Asia Pacific business expansion. Knox is the former CEO of Credit Suisse Australia.
Ares Management’s subsidiary, Ares Holdings, completed its previously disclosed acquisition of a controlling interest in SSG Capital Holdings and its operating subsidiaries, an Asian alternative asset management firm.