Latest news with #AresManagementCorp
Bloomberg
24-07-2025
- Business
- Bloomberg
BlackRock Private Funds Face Attempted Exit by Key Investor Arch
A key investor in BlackRock Inc. 's private funds is looking to cut its stakes following disappointing performance and senior executive departures at the US asset manager, according to people familiar with the matter. Bermuda-based insurance firm Arch Capital Group, which has holdings in at least ten BlackRock funds, is in talks to sell at least $350 million of stakes to secondary funds including Ares Management Corp., one of the people said, asking not to be identified discussing a private matter.
Bloomberg
18-07-2025
- Business
- Bloomberg
Ares Launches Sports and Media Fund for Wealthy Investors
By and Silas Brown Save Ares Management Corp. is debuting a new media and entertainment fund targeting individual investors, bringing the typically exclusive world of sports investing to the retail segment. The alternative asset manager has begun talking to investors about the strategy, which will make debt and equity investments in sports leagues, teams and sports-related businesses, as well as media and entertainment companies, according to people familiar with the matter.
Time of India
30-05-2025
- Business
- Time of India
Shapoorji Pallonji Group secures $3.4 billion in private credit deal
MUMBAI: Indian real estate and construction conglomerate Shapoorji Pallonji Group has completed a $3.4 billion financing in the country's biggest ever private credit deal, according to people familiar with the matter. About a dozen large investors - some using multiple funds - bought zero-coupon rupee bonds that offer a yield of 19.75%, the people said, asking not to be identified because the information is private. The debt matures in three years. Top investors include Ares Management Corp , Cerberus Capital Management , Davidson Kempner Capital Management and Farallon Capital Management, people said. Deutsche Bank acted as the sole arranger of the deal and also invested in it. Deutsche invested about $900 million and will down-sell a portion of the debt, the people said, adding that Cerberus and Davidson bought about $475 million and $425 million worth of bonds, respectively. Indian investors also participated in the deal, with ASK Wealth Advisors and some family offices buying a portion of the offering, the people said. EAAA India Alternatives Ltd., one of the country's largest domestic private credit funds, bought about $85 million of the bonds, said one of the people. The financing is a landmark in India's growing private credit industry, which is getting a boost as Prime Minister Narendra Modi's infrastructure push increases funding demands for everything from solar power to roads. A representative for Shapoorji didn't immediately respond to requests for comment outside of normal business hours. Davidson Kempner declined to comment. Ares, Cerberus, Farallon, EAAA and ASK did not immediately reply to Bloomberg's requests seeking comments.
Bloomberg
02-04-2025
- Business
- Bloomberg
Philippine Lender Esquire Financing Is Said to Weigh Stake Sale at $1 Billion Value
The owners of Esquire Financing Inc. are considering selling a stake in the Manila-based lender and could seek a valuation of as much as $1 billion for the company, according to people with knowledge of the matter. Esquire Financing's founder Rajan Uttamchandani and his family, as well as Ares Management Corp. -backed Crescent Point Capital, are working with an adviser on a potential sale of a significant minority holding, the people said.
Bloomberg
13-03-2025
- Business
- Bloomberg
Ares Seeks to Buy New World Development Debt From Banks
Ares Management Corp. approached at least two banks in recent weeks to purchase their holdings of debt issued by Hong Kong developer New World Development Co., according to people familiar with the matter. The US-based alternative investment manager was seeking to acquire a share of New World's debt at a discount in hopes of partaking in the company's ongoing refinancing exercise, said the people, who asked not to be identified discussing private matters.
