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CION Joint Venture Partner, Ares, Featured as Lender of the Year

March 19, 2018

CION’s Joint Venture Partner, Ares Management, featured in Private Equity International Lender of the Year in Europe & North America Award.

In Europe:
A decade after launching its direct business in Europe on the eve of the financial crisis, Ares Management has completed approximately 150 investments totaling €11 billion. On the heels of raising €2.5 billion for its third European direct lending fund, Ares Capital Europe III, in 2016, European direct lending was one of Ares’s most active investment strategies in 2017. It provided €310 million loan financing to Dutch gaming company JVH.

In North America:
It was a big year for Ares Management. In January, it acquired American Capital, bringing its BDC’s assets under management to more than $12 billion. It also raised $3.4 billion for its junior lending fund, surpassing the $2.5 billion target for its first vehicle for the strategy. Ares Private Credit Solutions will allow the firm to boost its deal activity in the upper mid-market.

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