Global alternative asset manager Ares Management Corporation, has closed its latest private credit fund at $34bn, making it the largest private credit fund ever raised, and reflecting a high level investor demand for the asset class.
The new fund, Ares Private Credit Fund VI (APCF VI), which surpassed its initial fundraising target, will focus on providing flexible and innovative financing solutions to middle-market companies across North America and Europe, emphasising senior secured loans, subordinated debt, and other private credit instruments.
Investor Participation
APCF VI attracted commitments from a broad range of institutional investors, including public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations, and family offices.
“We are thrilled to announce the closing of Ares Private Credit Fund VI at a record-breaking $34 billion,” said Michael Arougheti, CEO and President of Ares Management. “The success of this fundraise reflects the strong demand for private credit and the trust that our investors place in Ares. We remain committed to delivering attractive, risk-adjusted returns by leveraging our extensive market expertise and deep relationships.”
Kipp deVeer, Head of Ares Credit Group, added: “This milestone highlights our leadership in the private credit space and our ability to provide capital solutions that meet the evolving needs of our borrowers. We look forward to continuing to support middle-market companies with the flexible capital they need to grow and succeed.”
The record-breaking close of APCF VI confirms Ares Management’s position as a dominant player in the private credit market, its Tthe firm’s platform, which spans multiple asset classes, allowing it to offer a wide range of investment solutions.
“This is a significant achievement for Ares and the private credit industry as a whole,” said Jonathan Caplis, CEO of hedge fund research firm PivotalPath. “It highlights the increasing importance of private credit in today’s investment landscape and Ares’ ability to lead the charge in this space.”
