Ares Management is almost halfway to its $2.5 billion target for its private junior debt fund, executives for the Los Angeles-based firm said on Monday’s first-quarter earnings call.
The fundraise, which has yielded $1.1 billion so far, comes as the assets under management of Ares’ credit arm help drive growth of the firm-wide AUM, which was knocking on the $100 billion-mark at the end of the quarter.
