Ares Management has become the latest alternative asset manager to limit investor withdrawals from a private credit fund capping redemptions from its $10.7bn Ares Strategic Income Fund after requests exceeded the vehicle’s quarterly threshold, according to a report by the Financial Times.
The firm said it received approximately $1.2bn in redemption requests during the first quarter, equivalent to 11.6% of the fund. In line with its structure, Ares capped redemptions at 5%, fulfilling around $524...
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