Ares Management has raised a $6.5 billion credit fund to chase bank loan sales, aiming to take advantage of the growing market for distressed debt.
Ares Raises $6.
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Ares Credit Fund Bank Loan Sales Distressed Debt Finance
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Ares Raises $6.5 Billion Credit Fund to Chase Bank Loan SalesAres Management Corp. raised $6.5 billion for its second asset-based credit fund, as it seeks to snap up portfolios from banks that want to sell them to comply with higher capital requirements.
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England's poor performance at Cricket World Cup raises concernsEngland's poor showing at the Cricket World Cup has surprised fans, with only one win from five games. Despite still being mathematically alive, England's chances of reaching the semifinals are slim. In contrast, India remains unbeaten with five wins and is in a strong position.
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