Ares Closes $4.2B Structured Solutions Fund, Leads $6.5B Phoenix Tower Debt Deal
ARES sits 22% above its 52-week low of $95.8.
Summary
Ares closed its inaugural Global Structured Solutions Fund at $4.2B, more than quadrupling its $1B target, and led a $6.5B multi-jurisdiction debt package for Phoenix Tower, committing $2.0B ($1.8B funded at close) to refinance debt and support PTI's 33,000-site global expansion. The fund close demonstrates strong investor demand for GP-structured solutions, a niche where Ares has deployed nearly $9B since 2013. The Phoenix Tower deal underscores Ares' ability to lead large, complex infrastructure financings. Both events reinforce Ares' fundraising momentum following record Q2 inflows of $36.4B and AUM of $671B. Watch for further deployment of the new fund and any additional large-scale infrastructure mandates.
At the time of this announcement, ARES was trading at $116.57 on NYSE in the Finance sector, with a market capitalization of approximately $26.1B. The 52-week trading range was $95.80 to $181.19. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.