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Ares: Nears Closing Record-Breaking $20bn Fund

Ares Management is on the verge of closing the largest-ever direct lending fund, valued at over €20 billion.

A view of the Ares Office. PHOTO: Ares Media
A view of the Ares Office. PHOTO: Ares Media

The investment firm is seeking to raise at least €15 billion from investors, with an additional leverage of around €5 billion.

The European credit strategy is jointly managed by Blair Jacobson and Michael Dennis, who also serve as co-heads.

During an earnings call in October, Ares’ CEO, Mike Arougheti, confidently stated that

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