Business
Ares Management Announces First Quarter 2025 U.S. Direct Lending Origination Activity
$11.5 Billion in New Commitments Closed in the First Quarter, Reaching a Record of $50.4 Billion Closed in the 12 Months Ended March 31, 2025 NEW YORK, NY / ACCESS Newswire / May 5, 2025 / Ares Management Corporation (NYSE:ARES) announced today that ...
About this update from Ares Management Corporation
[{"type":"text","content":"$11.5 Billion in New Commitments Closed in the First Quarter, Reaching a Record of $50.4 Billion Closed in the 12 Months Ended March 31, 2025","length":141,"tagName":"p"},{"type":"text","content":"NEW YORK, NY / ACCESS Newswire / May 5, 2025 / Ares Management Corporation (NYSE:ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $11.5 billion in U.S. direct lending commitments across 81 transactions during the first quarter of 2025 and approximately $50.4 billion in direct lending commitments across 351 transactions in the 12 months ended March 31, 2025. The $50.4 billion of commitments over the 12-month period represents a new record for the U.S. Direct Lending business. Below is a description of selected transactions that Ares closed during the first quarter of 2025.","length":643,"tagName":"p"},{"type":"text","content":"Acron Aviation / TJC","length":20,"tagName":"p"},{"type":"text","content":"Ares served as an administrative agent and lead arranger for a senior secured credit facility to support TJC's acquisition of Acron Aviation, a carve-out of the Commercial Aviation Solutions Business of L3Harris Technologies. Acron Aviation is a manufacturer of mission critical, IP-driven avionics products and provider of an integrated suite of aircraft training solutions.","length":379,"tagName":"p"},{"type":"text","content":"Anaqua / Nordic Capital","length":23,"tagName":"p"},{"type":"text","content":"Ares served as an administrative agent, lead arranger and bookrunner for a senior secured credit facility to support Nordic Capital's acquisition of Anaqua. Anaqua is a provider of intellectual property management software that allows companies to manage their intellectual property ("IP") across the IP lifecycle.","length":328,"tagName":"p"},{"type":"text","content":"BVI Medical / TPG Growth","length":24,"tagName":"p"},{"type":"text","content":"Ares served as an administrative agent and joint lead arranger for a senior secured credit facility to support TPG Capital's continued growth plans for BVI Medical. BVI Medical is a leading, global developer, manufacturer, and distributor of a broad range ophthalmic surgical products, including consumables, intraocular lenses, equipment, and surgical fluids, serving customers across the globe.","length":400,"tagName...