Ares Management raises $8.5 billion for new fund, FT reports
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Director, Co-Founder, and CEO at Ares Management Michael Arougheti attends the Milken Conference 2025 in Beverly Hills, California, U.S., May 6, 2025. REUTERS/Mike Blake
June 10 (Reuters) - Alternative asset manager Ares Management has raised $8.5 billion from institutional investors for its latest specialty credit fund, the Financial Times reported on Wednesday.
The new fund, the third in the company's Pathfinder series, is one of the largest closed-end funds focused on complex asset-backed debt, the report said.
The fundraising includes an additional $4 billion of recommitted capital from investors in an earlier Ares fund who agreed to extend their investments for two more years, the report added.
The successful fundraising comes as parts of the private credit industry grapple with slower inflows from retail and wealthy investors, rising redemption requests and concerns about credit quality.
In May, Ares Management reported record first-quarter fundraising of about $30 billion.
The asset manager has broadened its investor base, with the number of direct institutional clients surging about 50% from 2022 to 2025.
Ares Management did not immediately respond to a Reuters request for comment.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Devika Syamnath)
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