Ares Management, a global alternative investment manager, completed the final closing of its Ares Special Opportunities Fund II (ASOF II). With strong global investor support, ASOF II closed at its hard cap with $7.1 billion of commitments.
James Kim joined Ares Management Corporation as a partner and head of European special opportunities in Ares’ private equity group. Based in London, Kim will lead Ares’ special opportunities activities in Europe.
Vmo Aircraft Leasing increased its capital base from $500 million to $1.1 billion through its latest round of fundraising. Ares Alternative Credit Group, funds managed by Oaktree Capital Management and Diameter Capital Partners provided the capital injection.
Ares Management, an alternative investment manager, closed ts Ares Special Opportunities Fund. The fund was significantly oversubscribed at more than $3.5 billion of commitments relative to its $2 billion target.
Scott Graves, former head of Credit at Oaktree Capital Management, joined Areas Management as a partner.
Bruce Karsh will assume the position of head of Credit Strategies at Oaktree Capital. Current head Scott Graves is leaving the firm after 15 years.