Asset-backed finance

New York-based manager’s origination machine has grown AUM by 25% in one year to $1.05trn.

Ares Management raises a record $36.4bn in capital and deploys $36bn

Two-year forward-flow agreement deepens a relationship between the two that was forged in 2023.

The North America-focused fund exceeded its $886m target, with the fundraise expanding its private credit platform.

Scrutiny over software, BDC liquidity diverting managers’ attention back to what could be a $20trn market.

The US asset manager has hired David Luo from insurer AIA for what is understood to be a newly created role.

The portfolio has a weighted average aircraft age of approximately 5.6 years. This is very close to the average for commercial aircraft securitisation deals.

Even as the $40bn system deals with short-term underperformance, its pacing into the asset class is expected to increase in the coming years.

Despite a wave of negative coverage, Goldman Sachs Alternatives argues private credit fundamentals remain strong, with attractive spreads and growing opportunity sets.

As North American private credit reels from scathing headlines, Europe appears relatively insulated. Have the asset class’s two most important regions gone their separate ways?