Ares Management Corp. has held a final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II at $6.6 billion in commitments.
The fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target and was approximately 80 percent larger than the predecessor fund which had total commitments of $3.7 billion. The fund held its final closing only seven months following its first closing in March 2023.
Through Pathfinder II, the Alternative Credit team pursues a differentiated strategy of providing scaled solutions tailored to owners of large, diversified portfolios of assets that seek to generate resilient, contractual cash flows across market cycles. As of June 30, 2023, the Ares Alternative Credit strategy is one of the largest investors in asset based credit managing approximately $27.8 billion in assets under management, including the Pathfinder family of funds.
“Especially in these times of growing opportunity but also incr