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Coller Strikes $1.3 Billion Credit Secondaries Deal With Ares

Rene Ismail
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⚡ Quantum Brief
Coller Capital finalized a $1.3 billion deal with Ares Management Corp. to extend a private credit portfolio’s lifespan, marking one of the largest continuation fund transactions in the secondaries market. The agreement transfers a 2018-vintage portfolio of first-lien, floating-rate loans—originated for middle-market, sponsor-backed companies—into a new continuation vehicle still managed by Ares. Ares will retain oversight of the assets, ensuring operational continuity while Coller provides liquidity and extended investment horizons for limited partners in the original fund. This deal underscores the surging demand for private credit secondaries, as investors seek alternatives to traditional exit routes amid volatile public markets and higher interest rates. The transaction reflects broader trends in asset management, where continuation funds are increasingly used to prolong holdings in high-performing or illiquid private credit portfolios.
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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 Boom:The Ares Management Corp. offices in Los Angeles.Secondaries firm Coller Capital closed a deal to extend the life of an Ares Management Corp. private credit portfolio, amassing more than $1.3 billion in total commitments.The deal will transfer a 2018-vintage portfolio of first-lien, floating-rate loans to sponsor-backed middle-market companies into a new continuation vehicle that will continue to be managed by Ares, according to a statement Tuesday.

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