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Alternative Market Briefing

Ares SSG launches the largest pan-Asian secured lending fund at $1.6bn

Friday, July 30, 2021

Laxman Pai, Opalesque Asia:

Asia-Pacific alternative asset manager Ares SSG launched its biggest secured lending fund in the region.

Designed to provide secured loans to businesses in the Asia Pacific, the Secured Lending Opportunities Fund III (SLO III) has raised more than $1.6 billion and is double the size of its predecessor closed in 2017, according to a statement from Ares SSG.

"The close of SLO III marks the establishment of Ares SSG's eighth fund and has attracted a top-tier, diverse set of international institutional investors, including sovereign wealth funds, pension funds, and insurance companies. The final fund size represents an approximately 100% increase compared to the predecessor fund, Secured Lending Opportunities Fund II, which closed in 2017 at just over $800 million," said a press release from the alternative asset manager.

The new Asia-Pacific-focused fund will follow the same investment strategy as its two predecessor funds, providing flexible capital solutions, primarily in the form of secured loans, to many promising businesses in the region.

Ares SSG has already started investing SLO III and approximately 27% of the funds have been deployed to date.

Edwin Wong, Chief Executive Officer and Managing Partner of Ares SSG said, "We believe the need for private credit solutions in Asia is becoming greater than ever in the wake of the COVID-19 crisis. Many banks are becoming increasingly cautious on new lending, and we believe we ......................

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