Ares Management (ARES) is planning a 1.5 billion euro ($1.76 billion) credit secondaries transaction of investor stakes, Bloomberg reported Friday, citing people familiar with the matter.
The continuation vehicle will hold multiple legacy European loans from Ares Management's direct-lending strategy, sources told the media outlet.
Ares Management declined to comment to MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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