Ares Management (ARES) news

Priced: Ares LXXXII CLO $510M BSL new issuance via Mizuho

Ares LXXXII CLO has announced a $510 million BSL new issuance through Mizuho, marking the latest collateralized loan obligation (CLO) offering in the market. The transaction reflects ongoing demand for structured credit products amid favorable technical conditions in the CLO sector. First-quarter…

Ares Management Corporation: Oppenheimer raises target price to $162 from $151

Akes in talks for Kolkata Knight Riders stake: MoneyControl

Ares Management, a U.S.-based global alternative asset manager, is reportedly in discussions to acquire a minority stake in Kolkata Knight Riders (KKR), a three-time winner of the Indian Premier League (IPL), according to sources familiar with the matter. The KKR franchise is currently owned by…

Ares LXXII CLO priced at $664.5M reset via JPMorgan

Ares LXXII CLO has completed a $664.5 million reset, facilitated by JPMorgan, under a new financing structure. The reset involves the issuance of new floating-rate notes and the extension of the CLO’s maturity to 2038, with reinvestment permitted through July 25, 2031. This refinancing allows for…

Private credit under strain as troubled loans swell - FT

Private credit is facing growing strain as troubled loans swell, according to recent data and analysis from industry leaders and market observers. Loan defaults across major private credit funds have reached their highest levels since at least 2021, with nonperforming loans hitting five-year highs…