Key Takeaways
- • Ares Management Corp. is seeking investors for a new Asia private credit fund, Asia Direct Lending II, according to people familiar with the matter.
- • The fund will target financing for leveraged buyouts across Asia Pacific.
- • The planned size could exceed the $1.7 billion raised for the firm's first Asia Direct Lending fund, though terms are not finalized.
- • The move reflects growing competition among global alternative asset managers for a share of Asia's expanding private market.
Summary
Ares Management Corp. is seeking investors for its latest Asia private credit fund, according to people familiar with the matter, as global alternative asset managers increasingly compete for a slice of the region's growing private market, Bloomberg reported.
The new vehicle, Asia Direct Lending II, will provide financing for leveraged buyout transactions across Asia Pacific, the people said. They asked not to be identified because they were discussing private matters.
The planned fund size could be larger than the $1.7 billion raised for the first Asia Direct Lending fund, according to the same sources. However, the people cautioned that details have not been set and could change given the fluid nature of fundraising.
The fundraising effort underscores the broader push by global alternative managers into Asian private credit, where direct lending to sponsor-backed buyouts has become an area of focus for institutional investors seeking yield and private market exposure.
The new vehicle, Asia Direct Lending II, will provide financing for leveraged buyout transactions across Asia Pacific, the people said. They asked not to be identified because they were discussing private matters.
The planned fund size could be larger than the $1.7 billion raised for the first Asia Direct Lending fund, according to the same sources. However, the people cautioned that details have not been set and could change given the fluid nature of fundraising.
The fundraising effort underscores the broader push by global alternative managers into Asian private credit, where direct lending to sponsor-backed buyouts has become an area of focus for institutional investors seeking yield and private market exposure.
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