Ares Management opens $1.5bn private credit fund

The fund is aimed at high-net-worth individuals that will invest in secured loans to US middle-market companies.

By TTC Newsroom

3 Mins

April 25, 2023 | 11:34 PM BST

Los Angeles' alternative investment manager Ares Management Corporation (NYSE: ARES) (Ares) has launched the Ares Strategic Income Fund (ASIF), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured, floating-rate loans to US middle-market companies.

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