Ares Management Corporation, a global alternative investment manager, has launched the Ares Strategic Income Fund, a perpetual capital, continuously offered, non-traded business development company, with around $1.5 billion in initial investable capital.
Ares Management Corporation (Ares), a global alternative investment manager, has launched the Ares Strategic Income Fund (ASIF), a perpetual capital, continuously offered, non-traded business development company, with around $1.5 billion in initial investable capital.
The fund, which will look to invest primarily in directly originated, senior secured, floating-rate loans to US middle-market companies, raised more than $847 million of equity commitments from certain existing institutional relationships in a private placement, and approximately $625 million in credit facility commitments.
ASIF will have a core allocation to senior secured directly originated loans within Ares’ leading US Direct Lending strategy and the flexibility to invest in, and benefit from, the adjacent investment strategies within the Ares Credit Group.
The Fund will be distributed through Ares Wealth Management Solutions, LLC (AWMS) and will be available through registered investment advisers and financial advisors across the United States.
