Ares Private Credit Fund Posts Steepest Monthly Loss on Record

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Private Credit:245 Park Avenue, which houses Ares Management Corp. offices, in New York,.A private credit fund managed by Ares Management Corp. posted its steepest monthly loss on record in February, providing further evidence of deteriorating performance in the $1.8 trillion private credit market.The Ares Strategic Income Fund, a non-traded business development company created in December 2022, lost 0.68% in February, according to Bloomberg calculations based on the fund’s regulatory filings. February was the worst month for the broader leveraged loan market since September 2022.