Ares Management's $34 billion direct lending fund

Ares Management’s $34 billion direct lending fund signals the growing influence of private credit in the financial market, particularly as traditional banks tighten lending criteria. The record size of this fund highlights investor appetite for higher returns amid low-interest environments, positioning direct lending as a key asset class. However, this influx of capital introduces competition among lenders, pushing some toward riskier investments. Ares’ deployment strategy will be crucial in balancing risk and returns, and the fund’s performance will have far-reaching implications for both Ares and the broader industry. The fund’s success underscores the increasing demand for direct lending solutions, especially for mid-sized companies. As these firms often struggle to secure traditional bank financing, Ares fills a critical gap, offering tailored financial solutions. Learn more about how martini.ai can enhance your strategy: https://lnkd.in/gzH4U5-h

Moody’s has downgraded the ratings from stable to negative outlook on 3 direct lending funds of BlackRock, KKR with FS Investments & Oaktree Capital Management.  The 3 funds are BlackRock TCP Capital Corp, FS KKR Capital Corp & Oaktree Specialty Lending Corp. Read - https://lnkd.in/g8z_AUVK follow Caproasia | Driving the future of Asia Moody’s has downgraded the ratings from stable to negative outlook on 3 direct lending funds of BlackRock, KKR with FS Investments & Oaktree Capital Management.  The 3 funds are BlackRock TCP Capital Corp, FS KKR Capital Corp & Oaktree Specialty Lending Corp. KKR, TCP Capital Corp., FS Investments, KKR, Oaktree Capital Management, L.P., BlackRock

Moody’s has downgraded the ratings from stable to negative outlook on 3 direct lending funds of BlackRock, KKR with FS Investments & Oaktree Capital Management.  The 3 funds are BlackRock TCP Capital Corp, FS KKR Capital Corp & Oaktree Specialty Lending Corp.  Read - https://lnkd.in/g-NBxW7K follow Caproasia | Driving the future of Asia Moody’s has downgraded the ratings from stable to negative outlook on 3 direct lending funds of BlackRock, KKR with FS Investments & Oaktree Capital Management.  The 3 funds are BlackRock TCP Capital Corp, FS KKR Capital Corp & Oaktree Specialty Lending Corp.  KKR, TCP Capital Corp., FS Investments, KKR, Oaktree Capital Management, L.P., BlackRock

Anuj Kapoor, MD & CEO, Private Wealth and Alternatives Asset Management, JM Financial Ltd shares his views on the current wealth industry trends. Read more- https://lnkd.in/gd3dr7Zv #JMFinancial #PrivateWealth #Wealthmanagement #investment #HNIs #UHNIs

MA Financial Group has extended its suite of alternative asset funds with the addition of its first private credit listed investment trust. https://lnkd.in/gpxADM9X #australiansecuritiesexchange #fundsmanagement #investment #listedinvestmenttrust #mafinancialgroup #privatecredit

The Carlyle Tactical Private Credit Fund (CTAC) is a private credit fund managed by the credit arm of The Carlyle Group, a major alternative investment asset manager. As of December 31, 2023, CTAC had assets under management (AUM) of $3.5 billion. CTAC investments are distributed among opportunistic credit (30%), direct lending (29%), structured credit (20%), liquid credit (17%), and real assets credit (4%). In terms of asset class, the current focus within the CTAC portfolio is on first lien senior secured debt (58%) and CLO tranche (20%), with additional investments in second lien senior secured debt (7%), senior secured bonds (6%), preferred equity (5%), and others. Most of CTAC investments (87%) are concentrated in floating rate, with the remaining 13% allocated to fixed rate. As of March 25, 2024, the ITD annualized return generated by the Fund varied between 4.34% for Class A Shares (with sales load) to 11.40% for Class M Shares. The minimum initial investment is $10,000 for all share classes, except Class I Shares, for which the required minimum is $1,000,000. https://lnkd.in/eqCbZesz Other key asset managers in the private credit space include Blackstone, BlackRock, Blue Owl Capital, Apollo Global Management, Inc., Ares Management Corporation, KKR, and others. #privatecredit #privatemarket #privatemarkets #alternativeinvesting #alternativeinvestments #privatefunds #privatefund #investmentfunds #investmentfund #ctac #assetmanagement #assetmanager #privatewealth #wealthmanagement #wealthmanagers

Fascinating dynamic evolving in private credit. Consolidation - with scale winning. Giants like Intermediate Capital and Ares Management are raising record-breaking capital. Mid-tier players like Fidelity and Polen Capital are struggling to get traction. The biggest are turning into one-stop shops, providing financing across the capital structure - and becoming big borrower favorites. Investors are getting pickier - they're backing funds with proven track records who can weather market cycles, leaving smaller managers competing for scraps. “Private credit asset managers are transforming the landscape for corporate debt, taking market share both from commercial banks and from the syndicated lending market, but also reaching new borrowers that these traditional intermediaries viewed as too risky,” Jared Elias at Harvard Law School and Elisabeth de Fontenay at Duke University School of Law wrote in a July research paper. “As a result, there is a small elite club of perhaps a dozen or so asset managers who play an increasingly critical role in corporate finance.” https://lnkd.in/eh-6yW7p #CommercialRealEstate #CRE #PrivateCredit #AssetManagers #CommercialBanks #CorporateDebt #SyndicatedLending   JSR Capital Group

HPS talking to BlackRock about possible sale #business #finance #fintech #investment #investors #aci #alternativecreditinvestor #BlacRock #HPS https://lnkd.in/eEJqMc3Z

Private credit 🤝 private wealth Private credit is expanding as fund issuance rises to meet investor demand. PitchBook estimates total assets under management at $1.6 trillion, driven by strong performance—US direct lending funds returned over 11% in the past year. Our upcoming roundtable at IMpower FundForum will feature Harriet Steel, Amit Bahri, José María Martínez-Sanjuán, CFA, CAIA, Mattis Poetter, Aymeric Martin, Gaetan Aversano, Raman Rajagopal and Dan Robinson who will discuss the benefits of private credit for private wealth. They’ll also explore how GPs are educating distribution partners to better meet client needs and the crucial questions wealth platforms should ask to align with their investment goals. Read more by James Williams and come to IMpower FundForum prepared to discuss this further 👉 http://spr.ly/60405vD7A #privatecredit #privatewealth #privatemarkets #investmentstrategies #directlending