Ares Raises USD 11bn for its Largest-ever Europe Credit Fund

As a direct lending fund, the Fund has a mandate to provide debt capital to European middle-market companies. Ares Management Corp, a Los Angeles, California-based global alternative asset manager, has raised USD 11bn in total capital commitments for its fifth Europe credit fund, Ares Capital Europe V (the Fund), according to a filing with the […]

SPACs face increasing hurdles in race to get deals done

An exclusive club of SPACs backed by private equity, venture capital and hedge fund titans may have a New Year’s resolution: Deploy tens of billions of dollars, upend the conventional IPO and deliver huge returns with modest risk. And they have less than two years to make it all happen. That monumental task is getting […]

New type of direct listing promises cheaper, more lucrative IPOs

The SEC approved primary direct floor listings in December. Critics worry these new listings will brew trouble. Companies can go public quicker, cheaper and with the potential to raise more capital using a new type of direct listing — known as a primary direct floor listing — the Securities and Exchange Commission (SEC) approved just […]