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Ares Raises $1.7 Billion for Australia Private Credit Fund

Private Equity Insights

billion) for a credit fund for Australia and New Zealand, as it seeks to capitalize on opportunities created by banks retreating from leveraged lending. The Ares Asia Direct Lending fund, the company’s first leveraged buyout vehicle for the region, has deployed over A$1.04 Ares Management Corp. has raised A$2.6

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RCP Secondary Opportunity Fund IV closes above target at $797m

Private Equity Wire

The fund attracted a broad LP base of both new and existing investors, including family offices, high-net-worth individuals, foundations, public pension plans, and endowments. RCP SOF IV will generally continue the investment style and approach that was established with RCP’s predecessor secondary funds.

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Transcript: Gretchen Morgenson

The Big Picture

As the markets and the capital pools have gotten so much bigger. If you’re committing capital to private equity, you don’t care when they do the purchase. How on earth is there still a carried interest tax loophole for private equity, hedge funds, and venture capital? RITHOLTZ: Right. How is that working out?