Insight

Ares Management racks up $7.1bn for second special opportunities fund

The original target was $4 billion.

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  • To date, the special opportunities strategy has deployed nearly $12 billion, of which ASOF II has invested or committed approximately $3 billion
  • As of June 30, 2022, Ares Management Corporation’s global platform had approximately $334 billion of assets under management
  • Ares Private Equity Group targets middle market companies primarily in North America and Europe

Ares Management has closed its second special opportunities fund at a hard cap of $7.1 billion. The original target was $4 billion.

“We believe the significant investor demand and support for ASOF II is a testament to our team, track record and market positioning, and we are deeply appreciative of the confidence entrusted in us by our investors,” said Scott Graves, a partner, co-head of the Ares Private private equity group and head of special opportunities, in a statement. “Since the development of the Special Opportunities strategy in 2017, our team has focused on extending Ares’ position as a leading middle market investor by consistently supporting companies, management teams and sponsors through cycles and transformational change. Looking ahead, we are confident that the breadth of our Special Opportunities capabilities and the scale of the Ares platform will continue to drive sourcing and due diligence advantages.”

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.

As of June 30, 2022, Ares Management Corporation’s global platform had approximately $334 billion of assets under management, with over 2,300 employees operating across North America, Europe, Asia Pacific and the Middle East.

Ares Private Equity Group targets middle market companies primarily in North America and Europe. As of June 30, 2022, the Ares Private Equity Group had approximately $33.4 billion of assets under management and 90 investment professionals.