Ares Management targets $4bn

The Los Angeles-based asset manager launched a $4bn North America-focused credit vehicle.

Fund name: Ares Private Credit Solutions II
Target size: $4 billion
Stage of fundraising: Fund Launch
Launch date: November 2020
Predecessor fund: Ares Private Credit Solutions

Ares Management has launched Ares Private Credit Solutions II, according to a recent US Securities and Exchange Commission filing. The fund is targeting $4 billion and will invest in North America-based companies, providing subordinated/mezzanine debt. The fund follows Ares Private Credit Solutions, which exceeded its target of $2.5 billion to raise $3.4 billion in December 2017.