A hidden price war has emerged: the future of major investment funds is at risk.
Ares Management was forced to significantly reduce the size of a planned private credit fund of 1 billion euros after investors rejected the valuation of the underlying loans. This case illustrates that the market for private lending, particularly the so-called continuation funds, in Europe is still immature.
Ares Management was forced to significantly reduce the size of a planned private credit fund of 1 billion euros after investors rejected the valuation of the underlying loans. This case illustrates that the market for continuation funds, which are increasingly popular in private lending in Europe, is still immature.
