Ares Management racks up $6.6bn for second alternative credit fund
Ares Management Corporation announced the final closing of Ares Pathfinder Fund II and Ares Pathfinder Fund II (Offshore) at $6.6 billion in commitments.
Source: opalesque.com
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Ares Management Closes $6.6B Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit - News
Ares Management Corporation announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments. The Fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target and was approximately...
Source: abladvisor.com
Private equity steps up lending as US banks pull back
The turmoil facing US regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity (PE) funds and insurers to lend more. Non-bank lenders with deep pockets have invested in credit assets for years, but the regional banking crisis could supercharge their…
Source: cyprus-mail.com
Private equity steps up lending as U.S. banks pull back
Direct lending by non-bank creditors contrasts with the more widespread practice of banks underwriting debt that they can sell in secondary markets
Source: zawya.com
Analysis-Private equity steps up lending as U.S. banks pull back
The turmoil facing U.S. regional banks has prompted some lenders to step back, leaving space for investors such as asset managers, private equity funds and insurers to lend more.... | May 22, 2023
Source: marketscreener.com