Ares Private-Credit Fund Sees $1.5 Billion Redemption Requests
Investors in a major private-credit fund, Ares Strategic Income Fund, are rushing to withdraw $1.5 billion of their money, making up 14.4% of the fund’s total value. The request comes from foreign investors, while US investors are withdrawing less. The fund, which invests in companies with poor credit ratings, has seen an influx of individual … Read more