Ares Raises More Than $7 Billion for Inaugural Credit Secondaries Fund

Ares Management has raised approximately $7.1 billion for its Credit Secondaries strategy, including the final closing of its inaugural Ares Credit Secondaries Fund and affiliated vehicles. The fund attracted about $4 billion in limited partner equity commitments, doubling its original target and marking Ares’ largest inaugural institutional fundraise.

Launched to acquire senior secured, private equity-backed private credit portfolios, the fund allocates capital across LP-led transactions and continuation vehicles. Dave Schwartz leads the strategy with Blair Jacobson serving as co-president of the firm. Ares is headquartered in New York.

The Credit Secondaries strategy operates within Ares’ broader secondaries platform, which manages $38 billion of assets as of September 2025.