Ares Management Corp’s Ares Strategic Income Fund suffered its largest monthly decline since inception in February, reflecting broader pressures in the $1.8tn private credit market, according to a report by Bloomberg.
The non-traded business development company, launched in December 2022 and managing close to $23bn in assets, fell 0.68% in February, with January’s small loss leaving the fund down 0.7% year-to-date.
Sources familiar with the matter said the drop primarily mirrors wider selloffs i...
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