Latest news and articles about Ares Management from NEX English
A private credit fund managed by Ares Management experienced its largest monthly loss ever in February, reflecting a downturn in the private credit market valued at <strong>$1.8 trillion</strong>. This loss comes amid rising interest rates and declining loan demand.
Ares Management and Apollo Global Management have announced new restrictions on fund withdrawals, reflecting increasing pressures in the $1.8 trillion private credit market. Ares will allow only 5% withdrawals from its fund, while Apollo has imposed similar restrictions following a surge in requests.
Alternative asset managers have seen a significant decline in their stocks following announcements from <strong>Ares Management</strong> and <strong>Apollo Global</strong> about reducing withdrawals from some of their funds. This decision comes at a critical time when the market is facing increasing pressures.