March 19, 2018
CION’s Joint Venture Partner, Ares Management, featured in Private Equity International Lender of the Year in Europe & North America Award.
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.