Ares SSG Raises $1.6 Billion in Its Third Secured Lending Opportunities Fund

Ares SSG, one of the largest alternative asset managers in Asia-Pacific, announced that it has raised more than $1.6 billion in its third Secured Lending Opportunities Fund III (SLO III). 

According to Ares SSG, SLO III has attracted a top-tier, diverse set of international institutional investors, including sovereign wealth funds, pension funds and insurance companies and is the largest pan-Asian secured lending fund to date. The final fund size represents an approximately 100% increase compared to the predecessor fund, Secured Lending Opportunities Fund II, which closed in 2017 at just over $800 million.

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The new Asia-Pacific-focused fund will follow the same investment strategy as its two predecessor funds, providing flexible capital solutions, primarily in the form of secured loans, to many promising businesses in the region. Ares SSG has already started investing SLO III and approximately 27% of the funds have been deployed to date.

"We believe the need for private credit solutions in Asia is becoming greater than ever in the wake of the COVID-19 crisis. Many banks are becoming increasingly cautious on new lending," said Edwin Wong, Chief Executive Officer and Managing Partner of Ares SSG. "We are pleased that our limited partners continue to demonstrate their confidence in us and remain optimistic about the long-term prospects for investment and value creation across the Asia-Pacific region. Ares SSG will continue to focus on identifying attractive investment opportunities for investors by utilizing our in-depth credit markets knowledge, broad infrastructure platform and local insight of the region."