Ares Management Special Opportunities team to join Global Credit Group

Ares Management announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares’ limited partners, sponsor partners and portfolio companies. The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the experience and broad direct origination network across the firm’s leading global Credit platform. The team will continue to partner with healthy companies and businesses in need of transitional capital and provide flexible debt and non-control equity solutions to both private and public companies. This multi-strategy approach seeks to fill the void between for-control private equity and more traditional direct lending and emphasizes differentiated deal flow through direct origination. Adjusted for this change, the Ares Credit Group had approximately $300 billion in assets under management with approximately 490 investment professionals operating across the U.S., Europe and Asia Pacific as of December 31, 2023. The Opportunistic Credit strategy will be reflected within the Ares Credit Group in Ares’ public reporting, effective March 31, 2024.