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    Home»Fundraising»Ares Management closes oversubscribed $7.1B second special opportunities fund
    Fundraising

    Ares Management closes oversubscribed $7.1B second special opportunities fund

    October 24, 2022Updated:October 24, 20221 Min Read
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    Ares Management Corporation (Ares), a global alternative investment manager, has held the final closing of its Ares Special Opportunities Fund II (ASOF II) at its hard cap of $7.1 billion of commitments, including General Partner commitments, way in excess of its $4.0 billion target.

    In January 2017, the Ares Private Equity Group developed its Special Opportunities strategy as an expansion of its flexible capital investment activities and to be a non-control complement to Ares’ existing for-control private equity strategy. 

    The Special Opportunities strategy seeks to invest in a range of private, special-situation opportunities and flexes into stressed/distressed public market debt when deemed attractive. Further, the team aims to partner with companies to enhance enterprise values and fill the void between for-control private equity and private debt. To date, the Special Opportunities strategy has deployed nearly $12 billion across a diverse portfolio, of which ASOF II has invested or committed approximately $3 billion, or roughly 45% of its investable capital base.

    Read more: Private Equity Wire

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