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01.04.26 - 05:36
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Blackstone, Ares, Rivals Grilled by Congress Over Private Credit (Bloomberg)
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Wall Street's biggest private credit houses — including Blackstone Inc. and Ares Management Corp. — are facing pointed questions from the Democratic faction of the House Financial Services Committee, prying into how the firms and their investment funds are marketing, valuing and handling the asset class....
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31.03.26 - 22:18
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Ares Raises Over $9.8 Billion for Leading Opportunistic Credit Strategy (Business Wire)
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Ares Special Opportunities Fund III Final Close Exceeds Target and Prior VintageNEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has closed on over $9.8 billion of capital for its Opportunistic Credit strategy, inclusive of the final closing of Ares Special Opportunities Fund III LP (“ASOF III” or the “Fund”) and related transaction vehicles. With over $8.3 billion in equity commitments, ASOF III significantly exceeded its target and prior vintage fund size. ASOF III represents one of the largest dedicated pools of private capital raised for opportunistic credit.
The Opportunistic Credit strategy leverages its scale and experience to partner with middle-market companies and provide flexible capital solutions to support organic and inorganic growth initiatives, refinance capital structures and return capital to shareholders. ASOF III seeks to provide private debt, equity and hybrid solutions th...
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28.03.26 - 14:36
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Why Private Credit Is Facing a Sudden Investor Exodus (Bloomberg)
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SaaSpocalypse. Credit defaults. The war in Iran. A lot of worries are hitting the $1.8 trillion private credit market at the same time, setting off a scramble by some investors to withdraw money from the industry's giants. In recent weeks, funds managed by firms such as Apollo Global Management Inc., BlackRock Inc. and Ares Management Corp. have faced unprecedented requests for redemptions — and, in many cases, have exercised their right to block investors from getting all their money out....
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24.03.26 - 17:42
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Ares, Apollo Cap Private Credit Fund Withdrawals as Exodus Grows (Bloomberg)
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Two of the biggest names in private credit, Ares Management Corp. and Apollo Global Management Inc., blocked investors from getting even half of the money they wanted out of their funds, a sign of mounting strain in the $1.8 trillion market.
The $10.7 billion Ares Strategic Income Fund limited withdrawals to 5% of shares after clients sought to redeem 11.6%, according to a letter to shareholders Tuesday. That followed the $15.1 billion business development company, Apollo Debt Solutions, which said Monday it was imposing the same cap after requests to pull 11.2%. Bloomberg's Paul Gulberg joins to discuss. (Source: Bloomberg)...
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24.03.26 - 03:30
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Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody′s (ZeroHedge)
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Apollo Private Credit Fund Is Latest To Gate Investors As KKR Fund Gets Junked By Moody's
Amid the ongoing fracturing of the private credit industry, which after enjoying years of stable, levered growth (and when it ran out of institutional greater fools, it aimed lower, toward HNWs and retail) finally hit a brick wall thanks to the Claude-inspired SaaSpocalypse, which has led to a historic surge in redemption requests across the biggest (and certainly smallest) names in the industry, last week we said that debt funds managed by powerhouse firms including Blackstone, BlackRock, Cliffwater, Morgan Stanley and Monroe Capital have agreed to honor only 70% of the $10.1bn of redemption requests they have faced, according to FT calculations, as fund after fund is gating investors.
We also said that the number of both redemptions and gates is expected to spike over the coming weeks, as funds managed by Ares Management, Apollo Global, Blue Owl, Oaktree and Goldman Sachs tally up how many of their in...
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18.03.26 - 13:03
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S2G Investments Appoints Brian O′Connor as Managing Director and Co-Head of Special Opportunities Strategy (Business Wire)
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Expanded leadership team strengthens S2G's ability to deliver structured finance solutions for asset-backed businessesCHICAGO--(BUSINESS WIRE)--S2G Investments ("S2G"), a multi-stage investment firm focused on scaling solutions across food & agriculture, energy, and oceans, today announced the appointment of Brian O'Connor as Managing Director and Co-Head of Special Opportunities. O'Connor, who will officially join the firm in May, brings more than two decades of experience in infrastructure and energy investing and will play a key role in building S2G's Special Opportunities platform as it continues to scale.
O'Connor joins S2G from Global Infrastructure Partners, where he served as a Partner leading credit transactions across the power, renewables, energy transition, and digital sectors. Previously, he spent 12 years at Ares Management, helping to build and lead a team focused on structured finance for the infrastructure sector, overseeing approximately $3 billion in transactions across senior debt...
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