1. Ares Management Scales Back Flagship US Direct Lending Fund, Shifts Strategy After Record $33.6B Vehicle
Ares Management Corp. is pivoting its strategy, opting to raise a significantly smaller flagship US direct lending fund than its previous record-shattering $33.6 billion vehicle. This deliberate downsizing is a tactical move to accelerate the deployment of capital, signaling a shift in the private credit giant's approa...