Key Takeaways
- • Patrimium Asset Management (DIFC), a Dubai-based multi-family office, completed a $100 million net asset value (NAV) facility provided by Ares Alternative Credit funds, according to the company's statement issued December 18, 2025.
- • The transaction is described as one of the Gulf's first publicly disclosed NAV-based financings arranged with a global alternative asset manager.
- • The facility is secured against a diversified pool of private market investments and is intended to fund liquidity optimisation, distribution management and new investments without asset sales or external fundraising.
- • Ares Alternative Credit, which manages about $46.7 billion in alternative credit assets as of September 30, 2025, is an affiliate of New York-listed Ares Management Corporation, which manages over $595 billion in total.
- • Patrimium managing partner Amine Bentaleb said the deal signals NAV lending is emerging as an institutionalised tool for fund-level capital management in the Gulf.
Summary
Patrimium Asset Management (DIFC), a multi-family office based in Dubai, has completed a $100 million net asset value (NAV) facility provided by funds affiliated with Ares Management Corporation, according to a statement from Patrimium issued on December 18, 2025. A NAV facility is a form of fund-based financing in which investors, such as limited partners like family offices, pledge their underlying portfolio assets, valued at NAV, as collateral to raise liquidity. Patrimium said the structure is designed to provide flexible capital that can be deployed into new investments without relying on asset disposals or external fundraising.
The transaction was executed through Ares' Alternative Credit strategy, an investor in asset-based finance. Ares Alternative Credit managed about $46.7 billion in assets under management as of September 30, 2025, while Ares Management Corporation, which is listed in New York, manages over $595 billion in total. Patrimium described the deal as one of the first publicly disclosed NAV-based financings in the Gulf arranged with a global alternative asset manager.
The facility is structured against a diversified pool of private market investments and is intended to enhance the efficiency of a Patrimium-managed investment vehicle. Patrimium said the financing supports capital planning objectives including liquidity optimisation, distribution management, and deployment of new capital into opportunities aligned with long-term strategic requirements.
Amine Bentaleb, managing partner at Patrimium, said the transaction "sets an important precedent within the Gulf, signalling the emergence of NAV lending as a viable and institutionalised tool for fund-level capital management." Patrimium was formed in 2023 and evolved from a single-family office created in 2017. Its managing partners are Zaid Al-Qaimi and Amine Bentaleb.
The transaction was executed through Ares' Alternative Credit strategy, an investor in asset-based finance. Ares Alternative Credit managed about $46.7 billion in assets under management as of September 30, 2025, while Ares Management Corporation, which is listed in New York, manages over $595 billion in total. Patrimium described the deal as one of the first publicly disclosed NAV-based financings in the Gulf arranged with a global alternative asset manager.
The facility is structured against a diversified pool of private market investments and is intended to enhance the efficiency of a Patrimium-managed investment vehicle. Patrimium said the financing supports capital planning objectives including liquidity optimisation, distribution management, and deployment of new capital into opportunities aligned with long-term strategic requirements.
Amine Bentaleb, managing partner at Patrimium, said the transaction "sets an important precedent within the Gulf, signalling the emergence of NAV lending as a viable and institutionalised tool for fund-level capital management." Patrimium was formed in 2023 and evolved from a single-family office created in 2017. Its managing partners are Zaid Al-Qaimi and Amine Bentaleb.
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