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(Bloomberg) -- Ares Management Corp. has raised A$2.6 billion ($1.7 billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaUkraine’s Army Chief Replaced After Rift With ZelenskiyNew York City Is Considering a Laundry Pods CrackdownEinhorn Says Markets ‘Fu

The outperformance caps a year in which investing in funds with environmental, social and governance themes has faced major headwinds.

The best operators know how to strike a deal, and in 2024, there’s plenty of dry powder and more pressure to deploy.

Recent Developments:Worst Israeli combat losses in over a monthFierce fighting in the north and south at the same timeBritish doctor at Khan Younis

Parliament is due to vote at 1900 GMTSunak's party was split by the emergencyThe rebels want to block legal appeals against the Rwanda projectLONDON, Dec