Industry News, Trustworthy Insights

Popular Companies:

Ares to acquire giant $3.5bn loan portfolio from Pacwest

PacWest Bancorp has sold a $3.5 billion asset-backed loan portfolio to Ares Management Corp in a bid to boost liquidity amid concerns over deposit outflows.

The specialty finance portfolio consists of consumer loans, mortgages, and timeshare receivables. Photo: Getty Images
The specialty finance portfolio consists of consumer loans, mortgages, and timeshare receivables. Photo: Getty Images

More from Krugman Insights

Industry news used by professionals

Try £4.99 per month

Already a member?
Weekly Digest

All the week’s industry events straight to your inbox.

Before your sign up, please read terms of use and privacy policy.

Trending

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to our terms of use and privacy policy.

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors

Password Reset

You will soon receive a Reset Password link

FREE Weekly Newsletter

Trusted industry insights used by Professionals

By signing up you agree to terms of use and privacy policy.

Send us your article

[formidable id=3]