Ares Management’s flagship private credit vehicle reported an increase in non-performing investments during Q2, reflecting ongoing pressure on parts of the direct lending market as borrowers contend with economic headwinds and disruption from artificial intelligence, according to a report by Bloomberg.
Ares Capital Corporation (ARCC), the firm’s $29bn publicly listed business development company (BDC), said loans on non-accrual status rose to $708m at the end of the quarter, an increase of 15% f...
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