Ares raises $3 7bn for the oversubscribed alternative credit fund opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.
Ares Pathfinder fund raises $3.7 billion, nearly doubling target
Ares Management closed its Ares Pathfinder Fund at $3.7 billion, a news release said Tuesday.
The alternative credit fund closed well above its fundraising target of $2 billion. We see distinct similarities between today s alternative credit market and the corporate direct-lending market of 10 years ago, said Kipp deVeer, partner and head of the Ares Credit Group, in the news release. We have strong conviction that there is a sizable and growing market to make attractive investments in this important asset class and we intend to continue to invest time, capital and resources to support this growth, he said.
Kennedy Lewis raises $2.1bn for the sophomore opportunistic credit fund Thursday, January 21, 2021
Laxman Pai, Opalesque Asia:
The opportunistic credit manager Kennedy Lewis Investment Management closed its latest opportunistic credit fund, Kennedy Lewis Capital Partners Master Fund II, at $2.1 billion.
Kennedy Lewis first fund closed in November 2018 with over $500 million of committed capital.
The provider of investment management services said in a press release that Fund II well exceeded its $1 billion fundraising target.
Investors include the Vermont Pension Investment Committee, Montpelier, which oversees the investment management of Vermont State Retirement Systems.
Fund II targets event-driven and opportunistic financing throughout North America and Europe across distressed, public, and private investment opportunities, the news release said.