Reported about 17 hours ago
Ares Management Corp.'s co-president Kipp deVeer stated that the firm is not currently pursuing a private-credit ETF, despite the growing interest in private credit among retail investors seeking higher yields. Instead, Ares aims to diversify its distribution through avenues such as non-traded real estate investment trusts. The company reported raising a record $92.7 billion in capital last year, supported by direct lending commitments. Ares also sees potential growth in European private credit markets, where it recently secured nearly €30 billion for a new fund.
Source: YAHOO