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Alternative Market Briefing

Ares Management and Fidante Partners create a joint venture to raise funds in Australia and New Zealand

Monday, October 07, 2019

Laxman Pai, Opalesque Asia:

US-based alternative investment manager, Ares Management Corporation and Fidante Partners, part of Challenger, formed a joint venture to raise retail and institutional investor capital in Australia and New Zealand for Ares' various credit, private equity and real estate strategies.

According to Ares, which has US$142 billion of assets under management, to support the joint venture, the two companies have formed Ares Australia Management (AAM), which will act as the investment manager for new investment vehicles specifically structured for investors in Australia and New Zealand.

AAM will be well-positioned to benefit from the long-term trends and structural advantages driving increased demand for alternative investment products in the Australian market, including the significant and growing superannuation system in the country and the under allocation to global fixed income assets in investor portfolios.

AAM combines Ares' robust suite of proven investment strategies with Fidante's broad retail and institutional investor distribution, local fund reporting and back-office administration.

"As the Australian population continues to focus on growing and diversifying retirement assets in the country's superannuation system, the corresponding increased demand for alternative investments with more stable income has created a tremendous opportunity for alternative asset managers," said David Sachs, Partner of Ares.

"We are ple......................

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