Ares Special Opportunities Fund III Targets $7B Raise

Ares Management has launched Ares Special Opportunities Fund III, aiming to raise $7B to invest in opportunistic debt strategies, according to a manager presentation from Hamilton Lane to the Teachers Retirement System of Louisiana.

The $7B target is close to the $7.1B Ares ultimately raised for its predecessor Fund II, which closed at its hard cap and far surpassed its initial $4B target. Fund III will target 35 to 50 investments, with equity commitments ranging from $140M to $420M per deal. The strategy is diversified across North America, focusing on industries such as healthcare, industrials, and consumer businesses.

Ares said the fund will leverage its broad credit platform and is flexible in seeking investment opportunities across the capital structure, including healthy, stressed, and distressed companies. The expected hold period for investments is two to five years, with a maximum exposure of 15% to any single investment. Ares said it has positioned this fund to capitalize on dislocated market opportunities.

As reported by Dakota, the Louisiana TRS committed $150M to the new fund at its October 3 board meeting, citing confidence in Ares’ established track record in opportunistic credit strategies.

Written By: Dakota

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Ares Special Opportunities Fund III Targets $7B Raise

Subscribe

Related Content

Report: Insight, Blackstone, Clearlake Considering $7B Sale of Diligent

LGT Capital Partners Raises $7B+ for Sixth Secondaries Fund

$7B RIA Procyon Partners Creates New Expansion-focused Biz Dev Role

The Database For Cold Outreach to Reach Institutional and RIA Investors

Address

Products & Services

Resources

Events

Company