Ares Management Corporation’s co-president Blair Jacobson said there’s a “real disconnect” between negative headlines about private credit and what the firm is seeing across its portfolio companies. Jacobson said companies worldwide are reporting annual growth of 8% to 12%, and non-accrual rates are lower than the company has seen historically. He joined "The Pulse with Francine Lacqua" on Bloomberg TV. (Corrects spelling of name in headline.) (Source: Bloomberg)

Ares Management Corporation’s co-president Blair Jacobson said there’s a “real disconnect” between negative headlines about private credit and what the firm is seeing across its portfolio companies.

Ares Management co-founder and CEO Michael Arougheti says the private credit market remains strong and the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York. (Source: Bloomberg)

Ares Management Corp. was owed more than $547 million following the collapse of John Textor’s Eagle Football Group, according to a filing by the administrators on Wednesday.

Ares Management co-founder and CEO Michael Arougheti says the recent stress in the private credit market is tied to private equity. He speaks with Dani Burger at the Forbes Iconoclast Summit in New York. (Source: Bloomberg)

Shares of the biggest alternative asset managers tumbled Wednesday after Cliffwater LLC’s flagship private credit fund reported even larger redemption requests than in the first quarter, setting off a new wave of fears about the industry.

One of the most bitter feuds in distressed-debt investing, between billionaire Patrick Drahi and some of the world’s biggest money managers, has suddenly gotten even more contentious.

Two major financial firms have clashed over the restructuring of Eagle Football, the group that holds stakes in a number of football teams including the storied French club Olympique Lyonnais.

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market. (Source: Bloomberg)

Global investors including Cerberus Capital Management, Farallon Capital Management and Ares Management Corp. are in talks to invest in Shapoorji Pallonji Group’s proposed rupee debt of 143 billion rupees ($1.5 billion), according to people familiar with the matter.

Apollo Global Management Inc. eclipsed $1 trillion of assets under management on record first-quarter inflows and reported earnings that beat Wall Street estimates.

Months before Jamie Dimon’s infamous remark about more than one “cockroach” lurking in credit markets, TCW Group Inc. Chief Executive Officer Katie Koch warned the direct lending industry was due for a reckoning.

Ares Management Corp., facing a slump in dealmaking while navigating broader market turmoil, reported first-quarter earnings that missed Wall Street estimates even as wealthy clients helped fuel a record $30 billion of fundraising during the period.

A group including Ares Management Corp. provided around $800 million in a private credit deal to finance Apollo Global Management Inc.’s investment in the GoodLife Group, which operates health clubs in Canada, according to people familiar with the matter.

Ares Management Corp. wrote down the value of loans to three Clearlake Capital Group-owned software businesses, as it warns of difficult conversations ahead with companies vulnerable to disruption from artificial intelligence.

Private capital heavyweights including Apollo Global Management, Ares Management Corp. and Sixth Street Partners are in early discussions to help fund the National Basketball Association’s expansion into Europe, people with knowledge of the matter said.

SaaSpocalypse. Credit defaults. The war in Iran. A lot of worries are hitting the $1.8 trillion private credit market at the same time, setting off a scramble by some investors to withdraw money from the industry’s giants. In recent weeks, funds managed by firms such as Apollo Global Management Inc., BlackRock Inc. and Ares Management Corp. have faced unprecedented requests for redemptions — and, in many cases, have exercised their right to block investors from getting all their money out.

Ares Management Corp. is planning a significantly smaller flagship US direct lending fund than its previous record-breaking vehicle of $33.6 billion to speed up the deployment of capital amid broader dislocations in private markets.

Apollo Global Management Inc. President Jim Zelter launched a full throated defense of private credit, downplaying investor concerns and describing recent developments in the asset class as mere “growing pains.”

Wall Street’s biggest private credit houses — including Blackstone Inc. and Ares Management Corp. — are facing pointed questions from the Democratic faction of the House Financial Services Committee, prying into how the firms and their investment funds are marketing, valuing and handling the asset class.