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Laxman Pai, Opalesque Asia: Global alternative investment manager Ares Management has raised over €2.2 billion ($2.3 billion) primarily from wealthy individuals for its open-ended European direct lending fund.
The asset manager launched the Ares European Strategic Income Fund (AESIF), providing investors access to its European direct lending strategy. The majority of the capital was raised through the wealth channel, the group said in a media statement.
The fund, which is available through the Ares Wealth Management Solutions (AWMS) platform, was the first one dedicated to the wealth channel that Ares launched in Europe.
AESIF is designed to deliver a diversified portfolio comprising directly originated, senior secured floating rate loans to businesses in Western Europe. As of December 31, 2024, AESIF has been invested in over 230 portfolio companies across a range of sectors.
As per the release, AESIF is intended to offer individual investors a core income solution with downside protection and stable yields in a format that features lower investment minimums relative to traditional alternative investment products.
"We are proud to see significant interest from the wealth channel in our European Direct Lending strategy, which we have delivered to institutional investors since 2007," said Daniel Sinclair, Partner in European Direct Lending, and Andrea Fernandez, Head of Product Management and Investor Relations for European Credit and Corporate Secon...................... To view our full article Click here
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