Sergio Padilla
The partnership will provide $1bn of commercial property loans in the US.
The amount of commercial real estate debt will peak at $1.27trn in 2027, driven by lower borrowing costs from years’ past.
Including leverage and other capital, the fund has an investment capacity of up to $8bn in total commitments.
The multi-private markets vehicles will be distributed through wealth advisers and aims to tap into vast markets for individual investors.
Ratings outfit expands its private credit team to beef up its practice.
The fund is on the hunt for managers as it begins to implement its 10-year investment plan
The firm’s entry into private debt with a direct lending fund will target sponsored and non-sponsored companies.
Three senior members of the credit solutions team will assume leadership roles at Ares’ direct lending operation.
The adviser and fund manager utilises new unlevered net-of-fees index to highlight disparity in returns.
Teachers Retirement System plans to allocate as much as $1.2bn for distressed debt and direct lending.