Ares Management Corporation announced the launch of Ares European Strategic Income Fund (?AESIF?), a new open-ended direct lending fund that will provide individual investors in Europe and Asia with access to Ares? European direct lending strategy. Ares launched its European direct lending strategy in 2007 gaining a first mover advantage in a nascent market.
Since this time, the European direct lending strategy has deployed more than ?56 billion ($61 billion) in capital, cementing a longstanding and cycle-tested track record. Ares represents the largest direct lending solutions provider to the European market with over ?55 billion ($60 billion) of assets under management dedicated to the strategy and more than 85 investment professionals across six originating offices in London, Frankfurt, Paris, Stockholm, Amsterdam and Madrid, as of June 30, 2023. AESIF will be the latest addition to the Ares Wealth Management Solutions (?AWMS?) platform and will be its first offering in the Europe and Asia regions.
Leveraging the strength and scale of Ares? leading global private credit platform and its extensive experience in Europe, AESIF has been designed to deliver a highly diversified portfolio comprised predominantly of directly originated, senior secured floating rate loans to performing businesses in Western Europe. AESIF is intended to offer investors a core income-solution with meaningful downside protection and stable yields in a format that features lower investment minimums relative to traditional alternative investment products.
Since the launch of AWMS in 2021, Ares has remained focused on scaling its wealth platform to deliver private market access and education to financial advisors and their clients. With a growing team of over 130 professionals located in offices throughout the U.S., Europe and Asia, AWMS represents one of the most resourced wealth distribution and client service platforms in the alternatives industry today.