Secondaries firm Coller Capital closed a deal to extend the life of an Ares Management Corp. private credit portfolio, amassing more than $1.3 billion in total commitments.

Ares Management Corp. Chief Executive Officer Michael Arougheti downplayed the idea of trouble in the private credit market and fears of AI disruption, two factors that hammered shares of alternative asset managers recently.

Ares Management Corp. is providing $2.4 billion of debt financing to Vantage Data Centers, part of which may be used to fund the build-out of infrastructure supporting Oracle Corp.’s partnership with OpenAI.

Ares Management Corp. Chief Executive Officer Michael Arougheti says many private market companies are "well-hedged" against changes caused by AI. He speaks on "Bloomberg Open Interest." (Source: Bloomberg)

Ares Management Corp. tumbled Thursday in a broad selloff among alternative asset managers over fears of AI disruption, even as the firm reported that it ended the fourth quarter with record assets.

Some call it the “SaaSpocalypse.” Others are saying it’s a software “loan-ageddon.”

Ares Management Corp. is leading a syndicate that’s providing capital to Finint Infrastrutture, one of two firms that acquired the owner of Venice’s Marco Polo Airport.

A group of private credit lenders led by Ares Management Corp. upsized their loan to a health-care software platform being acquired by Veritas Capital, leveraging a powerful clause that ensures the firm’s existing debt stays in place while the company changes hands.

Ares Management Corp. collected $7.1 billion for its debut private credit secondaries strategy and expects the market for secondhand credit stakes to continue its rapid growth this year.

Coutts & Co. is weighing plans to give its wealthy clients access to funds run by some of the world’s largest alternative asset managers as it seeks to cash in on demand for private assets.

Ares Management Corp. has hired former CapitaLand Investment executive, Gabriel Fong, as partner for Asia credit, focusing on special situations, according to people familiar with the matter.

Macquarie Asset Management committed to putting a further £245 million ($330 million) of equity into Southern Water Ltd. as part of a plan to strengthen the finances of the UK utility.

Ares Management Corp. is ramping up its bet on the AI boom, spending $700 million to build a sprawling data-center complex and buy fully-leased properties in Virginia.

Ares Management Corp. is ramping up its bet on the AI boom, spending $700 million to build a sprawling data-center complex and buy fully-leased properties in Virginia.

Ares Management Corp. has provided a private credit package to back BC Partners’ purchase of Italian firm Fortidia, according to people with knowledge of the matter.

Ares Management is providing a $100 million facility to Dubai-based multifamily office Patrimium, as global finance firms step up their pursuit of private credit opportunities in the Gulf region.

Ares Management Corp. has resisted partnering with other money managers to reach everyday investors, including through the 401(k) market, even as others team up with more traditional firms to invest for the masses.

Ares Management Corp. made its first private equity investment in Australia with the acquisition of a majority stake in Redback Boots Co Pty.

General Atlantic Service Company LP has secured a private credit loan from Ares Management Corp. and Nomura Holdings Inc. to finance its acquisition of a stake in Australian chicken chain El Jannah, according to people familiar with the matter.

Three Wall Street heavyweights are poised to suffer a total loss on a deal for a portable-toilet company orchestrated by Platinum Equity, spotlighting the hazards of a controversial strategy that’s gained traction across private equity.