Ares Eyes $3.4 Billion Credit Secondaries Deal in One of the Largest Private Credit Sales Ever
Ares Management is moving to sell $3.4 billion of bundled interests in a flagship European direct-lending fund.
Ares is selling a big pile of loans it owns from a European fund to other investors, which is like trading some of your trading cards to get cash. This shows the company can move big investments and find buyers, which hints the loans are healthy enough that people want them.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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