Key Takeaways
- • Ares Management Corp. raised €3.3 billion ($3.6 billion) for its latest credit secondaries deal, a continuation fund that closed in early November 2026, per Bloomberg.
- • Secondaries specialist Coller EQT led the investment in the continuation vehicle, according to people familiar with the matter.
- • Evercore Inc. served as adviser on the transaction.
- • The deal is described as one of the largest credit continuation transactions in the secondhand stakes market, making it Ares' largest credit continuation fund to date.
- • Transaction details are not public, and the figures and structure were reported via unnamed sources.
Summary
Ares Management Corp. collected €3.3 billion ($3.6 billion) for its latest credit secondaries deal, according to Bloomberg, which described the transaction as one of the largest of its kind in the market for secondhand stakes. The headline figure positions the vehicle as Ares' largest credit continuation fund to date.
The continuation fund closed in early November, according to people familiar with the matter. Secondaries specialist Coller EQT was the lead investor. Evercore Inc. advised on the transaction.
Because the details of the transaction are not public, the sources spoke on condition of anonymity. Bloomberg's reporting does not disclose additional terms, such as the fund's structure, the assets it holds, or return targets. Allocators tracking secondaries activity should treat the figures as preliminary until further disclosure.
The transaction underscores continued demand for continuation vehicles in private credit, where managers use secondary capital to extend hold periods and provide liquidity to existing investors, and where lead investors such as Coller EQT are active in pricing and structuring large deals.
The continuation fund closed in early November, according to people familiar with the matter. Secondaries specialist Coller EQT was the lead investor. Evercore Inc. advised on the transaction.
Because the details of the transaction are not public, the sources spoke on condition of anonymity. Bloomberg's reporting does not disclose additional terms, such as the fund's structure, the assets it holds, or return targets. Allocators tracking secondaries activity should treat the figures as preliminary until further disclosure.
The transaction underscores continued demand for continuation vehicles in private credit, where managers use secondary capital to extend hold periods and provide liquidity to existing investors, and where lead investors such as Coller EQT are active in pricing and structuring large deals.
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