Latest news with #EuropeanDirectLending
Business Wire
19-06-2025
- Business
- Business Wire
Ares Management Launches First ELTIF to Expand Access to European Direct Lending Strategy
LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ('Ares'), a leading global alternative investment manager, announced today the launch of its first European Long-Term Investment Fund ('ELTIF') vehicle, the Ares European Strategic Income ELTIF Fund ('AESIF ELTIF'), a semi-liquid perpetual direct lending fund that will provide individual investors in the European Economic Area with expanded access to Ares' leading European Direct Lending strategy. AESIF ELTIF is the latest offering through the wealth channel and its first under the updated ELTIF regime. Designed to deliver a diversified portfolio largely comprising directly originated, senior secured floating rate loans to businesses in Western Europe, AESIF ELTIF seeks to provide a durable income solution with downside protection and yield stability. AESIF ELTIF is intended to widen individual investor participation in Ares' European Direct Lending strategy through lower investment minimums relative to traditional alternative investment products. Ares launched its European Direct Lending strategy in 2007, gaining a first mover advantage, and has established itself as a market leader. The strategy comprises approximately 95 investment professionals operating across seven offices in Europe and managed over $77 billion in assets, as of March 31, 2025. Since its inception, the European Direct Lending business has completed over 390 investments totaling more than €73 billion. 'Ares strongly believes in our ability to provide individual investors with attractive investment solutions as they seek to diversify their portfolios in response to volatility and uncertainty in the public markets,' said Andrea Fernandez, Head of Product Management and Investor Relations for European Credit, and Daniel Sinclair, Partner in European Direct Lending. 'As part of this commitment, AESIF ELTIF enables us to offer qualifying individuals the same high-quality, localized origination and strong portfolio management capabilities we offer our institutional investors.' 'We are pleased to further expand access to our leading European direct lending capabilities for individual investors in Europe, underscoring the strong demand for income-producing asset classes such as private credit,' said Mark Serocold, Partner and EMEA Head of Wealth Management Solutions. 'The updated ELTIF regime is aligned to our mission of democratizing private markets investments, and we believe we will continue seeing a shift in allocations to the private markets as a wider pool of qualifying individual investors become eligible to participate.' Since the launch of the wealth channel in 2021, Ares has remained focused on scaling its wealth platform to deliver private markets access and education to financial advisors and their clients. With a growing team of approximately 150 professionals located in offices throughout the U.S., Europe and Asia, Ares' wealth channel represents one of the most resourced wealth distribution and client service platforms in the alternatives industry today. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit Disclaimers Interests in AESIF ELTIF have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the 'Securities Act'), or the applicable securities laws of any United States state or any non-United States jurisdiction. The interest in AESIF ELTIF may not be offered, sold or delivered directly or indirectly in the United States or to or for the account or benefit of any 'U.S. Person' except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any applicable state laws. As such, any 'U.S. Person' may not receive and should not act or rely on this Press Release or any other materials related to AESIF ELTIF. The information contained in this Press Release is being made available solely for information purposes. Any potential investors are urged to carefully read the applicable Prospectus and other materials in their entirety before making an investment decision. Any potential investors should conduct their own investigations and analysis of Ares, AESIF ELTIF and the information set forth in the applicable Prospectus and other materials. Nothing in this Press Release or the other applicable materials should be construed as a recommendation to invest in any securities or as legal, accounting or tax advice. Before making any decision to invest in AESIF ELTIF, potential investors should carefully review information relating to Ares and AESIF ELTIF and consult with their own legal, accounting, tax and other advisors when considering the merits of any investment. There can be no assurance that AESIF ELTIF will meet its investment objectives or otherwise be able to successfully carry out its investment program. There can be no assurance that an investor will receive a return on its capital, and therefore, an investor should only invest in AESIF if such investor is able to withstand a total loss of its investment. All data as of March 31, 2025. Diversification does not assure profit or protect against market loss. References to downside protection are not guarantees against loss of investment capital or value.
Business Wire
09-06-2025
- Business
- Business Wire
Ares Management Prices First European Direct Lending CLO at £305 Million
LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ('Ares'), a leading global alternative investment manager, announced today the pricing of its first European Direct Lending Collateralized Loan Obligation ('CLO'), Ares European Direct Lending CLO 1, at £305 million. Ares believes this is the first reinvesting CLO in the European Direct Lending market and is one of the first direct lending CLOs issued in Europe. Ares European Direct Lending CLO 1 is a diversified CLO comprised entirely of directly originated and actively managed loans issued by over 50 middle-market companies based in the United Kingdom, primarily operating in defensive industries. The CLO, which is weighted towards senior-secured floating rate loans, will be rated by S&P and KBRA. 'This successful pricing of our first European Direct Lending CLO is a testament to Ares' 18 years of leadership in European private credit and builds on our ability to source, underwrite and manage scaled portfolios of direct loans,' said Michael Dennis, Partner and Co-Head of European Credit. 'We are grateful for the strong support we have received in our efforts to deliver a differentiated product suite to meet the growing demand from investors and borrowers.' 'We believe the strong demand for this product underscores our new and existing investors' confidence in our platform's experience in quality credit selection and managing direct loans and bespoke structures,' said Andrea Fernandez, Partner & Head of Product Management and Investor Relations for European Credit. 'In navigating a complex and volatile market environment, we will continue to harness our investment discipline and portfolio management capabilities as we seek to generate risk-adjusted returns for our investors,' said Matt Theodorakis, Partner and Co-Head of European Direct Lending. Ares' European Direct Lending strategy comprises approximately 95 investment professionals operating across seven offices in Europe and manages over $77 billion in assets as of March 31, 2025. Since its inception in 2007, the European Direct Lending business has completed over 390 investments totaling over €73 billion. In addition to this, Ares is one of the largest and most experienced CLO managers globally, having issued 107 CLOs since 1999, of which 60 are active today. As of March 31, 2025, Ares' CLO portfolio represented $32 billion of the $359 billion of assets managed across the Ares Credit Group. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit
Yahoo
06-06-2025
- Business
- Yahoo
KBRA Assigns Preliminary Ratings to Ares European Direct Lending CLO 1 Sarl
LONDON, June 06, 2025--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to four classes of notes issued by Ares European Direct Lending CLO 1 Sarl, a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. This transaction is the first publicly rated UK middle market CLO and the first European private credit CLO to feature a reinvestment period. Ares European Direct Lending CLO 1 Sarl is managed by Ares Management Limited ("Ares" or the "collateral manager") and will have a 4.7-year reinvestment period. The legal final maturity dates of the notes are staggered, with the senior rated notes having earlier stated maturity dates than the more subordinated notes. The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests. The collateral in Ares European Direct Lending CLO 1 Sarl will mainly consist of middle market loans issued by corporate obligors diversified across sectors. The total portfolio par amount is $280 million with exposure to 57 obligors. The obligors in the portfolio have a K-WARF of 3125, which represents a weighted average portfolio credit assessment of approximately B-. Ares is a wholly owned subsidiary of Ares Management LLC established in 1997. Ares employs the resources of its European Direct Lending credit team, which manages the European Direct Lending credit funds for the Ares Credit Group. The Ares Credit Group is a leading manager of credit strategies across the global credit universe, with approximately $348.8 billion of AUM and approximately 285 funds as of December 2024. Ares offers a range of investment strategies across the liquid and illiquid credit spectrum and is one of the largest self-originating direct lenders to the U.S. and European middle markets. The preliminary ratings on the Class A, B, C, and D Notes consider the timely payment of interest and the ultimate payment of principal by the applicable legal final maturity date. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Structured Credit: Structured Credit Global Rating Methodology Structured Finance: Global Structured Finance Counterparty Methodology ESG Global Rating Methodology Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union. Information on a credit rating's endorsement status is available on its rating page at Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA's Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here. About KBRA UK Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England. Doc ID: 1009795 View source version on Contacts Analytical Contacts Gabriele Gramazio, Senior Director (Lead Analyst)+44 20 8148 Shannon Mooney, Senior Director+1 Sean Malone, Senior Managing Director, Co-Head of Global Structured Credit+1 Eric Hudson, Senior Managing Director, Co-Head of Global Structured Credit (Rating Committee Chair)+1 Business Development Contacts Miten Amin, Managing Director+44 20 8148 Mauricio Noé, Co-Head of Europe+44 20 8148 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
06-06-2025
- Business
- Business Wire
KBRA Assigns Preliminary Ratings to Ares European Direct Lending CLO 1 Sarl
LONDON--(BUSINESS WIRE)--KBRA UK (KBRA) assigns preliminary ratings to four classes of notes issued by Ares European Direct Lending CLO 1 Sarl, a cash flow collateralized loan obligation (CLO) backed by a diversified portfolio of middle market corporate loans. This transaction is the first publicly rated UK middle market CLO and the first European private credit CLO to feature a reinvestment period. Ares European Direct Lending CLO 1 Sarl is managed by Ares Management Limited ('Ares' or the 'collateral manager') and will have a 4.7-year reinvestment period. The legal final maturity dates of the notes are staggered, with the senior rated notes having earlier stated maturity dates than the more subordinated notes. The ratings reflect initial credit enhancement levels, excess spread, and coverage tests including overcollateralization ratio and interest coverage tests. The collateral in Ares European Direct Lending CLO 1 Sarl will mainly consist of middle market loans issued by corporate obligors diversified across sectors. The total portfolio par amount is $280 million with exposure to 57 obligors. The obligors in the portfolio have a K-WARF of 3125, which represents a weighted average portfolio credit assessment of approximately B-. Ares is a wholly owned subsidiary of Ares Management LLC established in 1997. Ares employs the resources of its European Direct Lending credit team, which manages the European Direct Lending credit funds for the Ares Credit Group. The Ares Credit Group is a leading manager of credit strategies across the global credit universe, with approximately $348.8 billion of AUM and approximately 285 funds as of December 2024. Ares offers a range of investment strategies across the liquid and illiquid credit spectrum and is one of the largest self-originating direct lenders to the U.S. and European middle markets. The preliminary ratings on the Class A, B, C, and D Notes consider the timely payment of interest and the ultimate payment of principal by the applicable legal final maturity date. To access ratings and relevant documents, click here. Click here to view the report. Methodologies Disclosures Further information on key credit considerations, sensitivity analyses that consider what factors can affect these credit ratings and how they could lead to an upgrade or a downgrade, and ESG factors (where they are a key driver behind the change to the credit rating or rating outlook) can be found in the full rating report referenced above. A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here. Information on the meaning of each rating category can be located here. This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union. Information on a credit rating's endorsement status is available on its rating page at Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA's Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here. About KBRA UK Kroll Bond Rating Agency, LLC (KBRA), one of the major credit rating agencies (CRA), is a full-service CRA registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority. In addition, KBRA is designated as a Designated Rating Organization (DRO) by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized as a Qualified Rating Agency by Taiwan's Financial Supervisory Commission and is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider (CRP) in the U.S. Kroll Bond Rating Agency UK is located at 1 Connaught Place, 2nd Floor London, England. Doc ID: 1009795
Business Wire
14-05-2025
- Business
- Business Wire
Ares Management Opens Milan Office
LONDON & MILAN--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ('Ares'), a leading global alternative investment manager, announced today the opening of a new office in Milan, the firm's latest office in Europe. The office will enhance Ares' access to the Italian market, and its ability to raise and invest capital across its strategies, particularly within its European Direct Lending business, as well as the Wealth Management and European Real Estate platforms. This latest opening underscores Ares' commitment to a highly localized approach to investing in Europe, which the firm entered in 2007 through the opening of a London office, followed by Paris, Frankfurt and Stockholm in 2009 and, most recently, Amsterdam and Madrid in 2019. Across its investment strategies, including European Direct Lending and European Real Estate, Ares has deployed over €1.6 billion to support Italian businesses and assets, as of March 31, 2025, and Ares expects to accelerate this activity in the coming years. Tyrone Cooney, Partner & Head of France and Southern Europe for European Direct Lending, will harness his significant experience investing in the Italian market to support the development of the new office, leading a team of senior investment professionals in Milan. 'Over the last 18 years, Ares has strategically expanded its European footprint and solutions across its Credit, Real Estate, Infrastructure, Private Equity and Secondaries strategies to better tailor solutions to the evolving needs of managers, companies and communities,' said Blair Jacobson, Co-President of Ares. 'We are very excited to announce this latest step forward in our regional positioning, reflecting the natural evolution of our platform in line with the growing private markets opportunity set in Italy to the benefit of both institutional and individual investors.' 'We have long taken pride in our differentiated talent, strong local networks and scaled resources, and the Milan office builds on this legacy,' said Matt Theodorakis, Partner and Co-Head of European Direct Lending at Ares. 'With Italy's expanding opportunity for middle-market buyouts, long-term financings and growth capital, we believe our leading European Direct Lending business is well positioned for long-term value creation.' 'Over the last several years, we have seen Italian stakeholders gain greater awareness and acceptance of private capital as an attractive alternative to traditional financing sources,' said Mr. Cooney. 'As local business owners and asset managers continue to the navigate through dynamic European markets, we are pleased to formally establish Ares' presence in Italy and provide greater access to our flexible and creative capital solutions.' Inclusive of the acquisition of GCP International, which closed on March 1, 2025, Ares now has offices in 13 countries in Europe. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit
