The Ares European Strategic Earnings Fund (AESIF) has attracted greater than €2.2bn (£1.8bn) primarily from rich people.
The fund was made obtainable to particular person buyers 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 variety of sectors.
“We’re proud to see vital curiosity from the wealth channel in our European direct lending technique, which we have now delivered to institutional buyers since 2007,” mentioned Daniel Sinclair, accomplice 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 permits particular person buyers 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 engaging risk-adjusted returns.
“As European non-public credit score continues to achieve better visibility and penetration, we consider we’re well-positioned to construct on our monitor file of disciplined capital deployment in high quality investments to assist debtors’ long-term targets.”
AESIF goals to ship a diversified portfolio largely comprising instantly originated, senior secured floating charge loans to companies in Western Europe. Buyers are supplied the chance to generate a core earnings with draw back safety and secure yields, with a comparatively low minimal funding threshold of €25,000.
Learn extra: Ares predicts file fundraising of $80bn+ this 12 months
Mark Serocold, accomplice and EMEA head of wealth administration options at Ares mentioned that the success of the fund is a testomony to the sturdy demand for personal credit score methods from particular person buyers throughout Europe and Asia.
“By offering these buyers entry to Ares’ European direct lending technique, AESIF can present a supply of sturdy earnings, compelling yield technology potential, and adaptability in a semi-liquid format,” Serocold added.
“We sit up for additional increasing our non-public markets providing for particular person buyers in EMEA and respect the continued assist of our international wealth administration options workforce and distribution companions.”
Learn extra: Ares raises file €30bn for European direct lending fund
