Despite years of solid returns, direct lenders can't shake concerns about the once-niche corner of global finance.

Sports investing is turning into a private capital arms race. KKR has doubled down on its push into the sector, buying Arctos, as Apollo Global Management and Ares Management outline major investment plans of their own. Dave Dase, Global Co-head of Sports Investment Banking at Goldman Sachs, joined Bloomberg Open Interest to talk about sports as an asset class. (Source: Bloomberg)

Ares Management Corp. is engaged in an increasingly bitter dispute with John Textor, the majority shareholder of Eagle Football Holdings LLC, over the unwinding of one of its biggest sports investments.

Ares Management Corp. is leading a private credit financing of about €1.4 billion ($1.7 billion) for Scandinavian software business EG A/S, people with knowledge of the matter said.

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.