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Ares Management, a prominent player in private debt investments, has introduced its second offering under the Pathfinder series, targeting asset-based opportunities. The new fund, Ares Pathfinder II Fund, is projected to amass $5 billion in size, as reported by the New Mexico State Investment Council. The initial closure of the fund is expected around March 2023. Notably, Fund II surpasses its predecessor in scale, being 35% larger than Ares Pathfinder I Fund, which concluded with $3.7 billion two years ago. In a challenging fundraising landscape, private credit is flourishing as investors seek stability amidst uncertainties stemming from elevated inflation and interest rate hikes.
