Ares Raises USD 7.1B for Debut Private Credit Secondaries Strategy
First credit secondaries fund reflects rapid expansion of secondhand credit stakes market

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Welcome to Private Credit Weekly!
Every week we bring you the deals, fund launches, and market intelligence shaping European credit markets.
This week: Ares raises €4.2B for European lending, Basel IV implementation updates, Blackstone closes major direct lending deal...
First credit secondaries fund reflects rapid expansion of secondhand credit stakes market

Paris-based firm partners with Pantheon to create vehicle holding legacy private debt loans

Third European fund is firm's largest dedicated strategy to date with EUR 7B total investable capital

Region's share of global private debt rises to 35% as structural shift from bank lending accelerates

ECB survey shows net 7% tightening in Q4 2025 as trade policy uncertainty weighs on risk appetite

The fifth vintage of Ares' flagship European direct lending strategy exceeds target, attracting commitments from pension funds and sovereign wealth funds across Europe and the Middle East.

The financing backs Permira's acquisition of a leading DACH region ERP provider, marking one of the largest unitranche deals in Europe this quarter.

The European Central Bank introduces new reporting requirements for banks with significant private credit fund exposures, citing systemic risk concerns in the rapidly growing sector.
