Ares Management’s credit group closed approximately $5.7 billion in U.S. direct lending commitments across 45 transactions during the third quarter of 2022 and approximately $32 billion in direct lending commitments across 251 transactions in the last 12-month period.
F.N.B. entered its next phase of strategic expansion in Virginia, including further growth of its retail network in the greater Washington, D.C., area and plans to extend its commercial banking operations into Richmond, VA, with a new loan origination center.
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.
Penfund completed a second lien debt and equity co-investment in Gastro Health. Penfund is the lead investor for a $90 million second lien credit facility and also invested $10 million in equity, both of which supported the acquisition of Gastro Health by OMERS Private Equity.
Ares Management’s Credit Group provided approximately $2.9 billion in commitments across 47 transactions that closed during the third quarter of 2018.