Market Chatter: Ares Sells Roughly $1 Billion Financial Instrument Backed by PE Secondary Funds-February 2024-www.financetom.com

Market Chatter: Ares Sells Roughly $1 Billion Financial Instrument Backed by PE Secondary Funds

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Market Chatter: Ares Sells Roughly $1 Billion Financial Instrument Backed by PE Secondary Funds

May 26, 2025 12:29 PM

09:31 AM EDT, 05/22/2025 (MT Newswires) -- Ares Management ( ARES ) has sold an approximately $1 billion collateralized fund obligation, which is a structured finance instrument backed by stakes in some of its private equity secondary funds, Bloomberg reported Thursday, citing sources with knowledge of the transaction.

The financial instrument was structured by Goldman Sachs Group ( GS ) and includes a debt portion and a first-loss equity slice, the sources told the news outlet, adding that the bank was also a purchaser of the senior debt tranche.

Ares Management ( ARES ) and Goldman Sachs ( GS ) did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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