Ares Management closed Ares Senior Direct Lending Fund II. The fund is more than 2.6 times the size of its 2018 predecessor fund of $3 billion. Including anticipated leverage, the total capital base for the fund is expected to be approximately $14 billion.
Funds managed by Ares Management’s credit group closed on a $150 million preferred equity investment in Inter Miami CF.
Funds managed by Ares Management committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector.
Through its global direct lending platform, Ares Management is serving as the lead arranger for a £1.875 billion ($2.34 billion) financing commitment to The Ardonagh Group, an independent insurance broker.
Ares Management closed its inaugural, commingled U.S. senior direct lending fund with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target.