PNB Housing backer Ares raises its biggest Asia special situations fund
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PNB Housing backer Ares raises its biggest Asia special situations fund

By Sumit Upadhyaya

  • 01 Nov 2023
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PNB Housing backer Ares raises its biggest Asia special situations fund
Credit: 123RF.com

New York-listed Ares Management Corp has secured $2.4 billion in capital commitments for its sixth—and thus far biggest—Asia-focused fund to make investments in special situations and distressed assets.    This is the first Asia special situations fund that Ares has raised after acquiring Hong Kong-based SSG Capital three years ago to ......

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