Ares Limits Private Credit Fund Withdrawals Amid Surging Redemptions
Ares, a private credit firm, has limited investor withdrawals from one of its funds after redemption requests surged, reaching 11.6% of shares in the first quarter, citing the fund's design.
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Ares Limits Private Credit Fund Withdrawals as Redemptions Surge - Bloomberg.com
Ares Limits Private Credit Fund Withdrawals as Redemptions Surge Bloomberg.com
Read full article →Ares limits withdrawals from $10.7bn private credit fund
Redemption requests across industry surge as exodus of wealthy individuals accelerates
Read full article →Ares is the latest private credit player to limit withdrawals after investors ask to redeem their money
CEO of Ares Michael Arougheti PATRICK T. FALLON/AFP via Getty Images Investors in an Ares' private credit fund asked for 11.6% of their shares back in the first quarter. The firm limited redemptions to 5%, citing its design and plan to continue investing. Ares joins competitors Blue Owl, Blackstone, and Apollo in having increased withdrawal requests. Ares is the latest private credit fund limiting payouts to investors following a record spike in attempts to withdraw money. Investors request...
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