Ares SSG Closes Third $ 1.6 Billion Guaranteed Loan Fund | company


HONG KONG – (BUSINESS WIRE) – January July 2021 –

Ares SSG, one of the leading alternative asset managers in the Asia-Pacific region, today announced the final closing of its third Secured Lending Opportunities Fund III (“SLO III” or the “Fund”), the most significant to date with commitments of over 1.6 billion Pan-Asian guaranteed loan funds.

The completion of SLO III marks the establishment of Ares SSG’s eighth fund and has attracted a diverse and high-level group of international institutional investors, including sovereign wealth funds, pension funds and insurance companies. The final fund size represents an increase of approximately 100% over the predecessor Secured Lending Opportunities Fund II, which closed 2017 at just over US $ 800 million.

The new Asia-Pacific fund follows the same investment strategy as its two predecessor funds and offers flexible capital solutions to many promising companies in the region, mainly in the form of secured loans. Ares SSG has already started investing in SLO III and around 27% of the funds have been used so far.

Edwin Wong, Managing Director and Managing Partner of Ares SSG, said: “We believe the need for private credit solutions in Asia will be greater than ever in the wake of the COVID-19 crisis. Many banks are increasingly cautious of new loans and we believe that as an alternative investment manager we are well positioned to fund growth opportunities within the fund. Ares SSG is committed to leveraging its extensive network of relationships, as well as direct lending experience and expertise, to proactively unleash value in many businesses in Asia. ”

“We are delighted that our sponsors continue to trust us and remain optimistic about the long-term outlook for investment and value creation in the Asia-Pacific region. Building on our proven success in the Asian personal loan market over the years, Ares SSG will continue to focus on identifying attractive investment opportunities for investors by leveraging our in-depth knowledge of the credit market. , our vast infrastructure platform and our local knowledge of the region, ”said Wong. added.

Michael Arougheti, CEO and President of Ares Management Corporation, said: “The doubling of the size of our last Ares SSG Direct Lending Fund reflects our team’s ability to aggressively invest in our large footprint in the Asia Pacific region. , a strong and solid region. Achieve consistent performance and attract growing support from existing and new investors. We look forward to future growth opportunities as Ares SSG continues to expand its business to meet the strong demand for financing solutions in the region. ”

Since its inception in 2009, Ares SSG has managed and invested 12 Asia-Pacific markets including China, India, Southeast Asia, South Korea and Australia across a wide range of industries. , including real estate, finance, retail, media, industry and resources.

About Ares SSG

With a Pan-Asian presence in nine local offices, Ares SSG is one of the largest alternative asset managers in the Asia-Pacific region with approximately $ 7.5 billion in assets under management, over 85 employees and over 120 direct institutional investors in June. 30, 2021). Led by a highly experienced management team who have achieved attractive investment results over various market cycles, transaction types and Asian countries, Ares SSG uses its large geographic presence and extensive infrastructure in the region to invest in credit, private equity and special situations on behalf of. to deal with its institutional clients. The Ares SSG team has received consistent industry awards for each of the past eight years, including Distressed Debt Investor of the Year by Private Debt Investor in Asia Pacific. Ares SSG is a subsidiary of Ares Management Corporation.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager providing complementary primary and secondary investment solutions to clients in the credit, private equity, real estate and infrastructure asset classes. We strive to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By working together in our investment groups, we aim to achieve consistent and attractive investment returns across all market cycles. As of June 30, 2021, including the acquisition of Black Creek Group, which closed on July 1, 2021, Ares Management Corporation’s global platform had approximately $ 262 billion in assets under management in the Middle East. More information is available at Follow Ares on Twitter @Ares_Management.

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PUB: 07/29/2021 8:30 p.m. / DISC: 07/29/2021 8:31 p.m.

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