The Ares European Strategic Revenue Fund (AESIF) has attracted greater than €2.2bn (£1.8bn) primarily from rich people.
The fund was made out there to particular person traders in January 2024 and has been marketed to the mass prosperous in Europe and Asia. As of 31 December 2024, AESIF was invested in additional than 230 portfolio corporations throughout a spread of sectors.
“We’re proud to see important curiosity from the wealth channel in our European direct lending technique, which we’ve got delivered to institutional traders since 2007,” stated Daniel Sinclair, companion in European direct lending, and Andrea Fernandez, head of product administration and investor relations for European credit score and company secondaries at Ares.
Learn extra: Ares closes largest direct lending fund so far at $34bn
“AESIF allows particular person traders to profit from the power of the Ares European platform, together with our scale, native origination community, execution expertise and portfolio administration capabilities as we search to ship enticing risk-adjusted returns.
“As European non-public credit score continues to realize larger visibility and penetration, we imagine we’re well-positioned to construct on our monitor file of disciplined capital deployment in high quality investments to assist debtors’ long-term goals.”
AESIF goals to ship a diversified portfolio largely comprising immediately originated, senior secured floating charge loans to companies in Western Europe. Buyers are supplied the chance to generate a core revenue with draw back safety and steady yields, with a comparatively low minimal funding threshold of €25,000.
Learn extra: Ares predicts file fundraising of $80bn+ this 12 months
Mark Serocold, companion and EMEA head of wealth administration options at Ares stated that the success of the fund is a testomony to the sturdy demand for personal credit score methods from particular person traders throughout Europe and Asia.
“By offering these traders entry to Ares’ European direct lending technique, AESIF can present a supply of sturdy revenue, compelling yield era potential, and suppleness in a semi-liquid format,” Serocold added.
“We stay up for additional increasing our non-public markets providing for particular person traders in EMEA and recognize the continued assist of our international wealth administration options workforce and distribution companions.”
Learn extra: Ares raises file €30bn for European direct lending fund