06:56 AM EDT, 03/11/2026 (MT Newswires) -- (Updates with Ares' response in the third paragraph)

Ares Management ( ARES ) plans to set up its inaugural Asia local currency private credit fund in Thailand, Bloomberg News reported Wednesday, citing people familiar with the matter.

The investment vehicle will focus on performing credit, targeting high-quality companies in the country, the unnamed sources told the news outlet. It intends to raise capital mainly from insurance firms operating in Thailand, according to the report.

Ares declined to comment on the report.

The company's shares were down 1.2% in premarket activity.

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