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Stock impact report

Private Credit's Struggling Pioneer Is a Warning Sign for Market [Yahoo! Finance]

Ares Management Corporation Class A (ARES) 
Last ares management corporation class a earnings: 2/13 06:00 am Check Earnings Report
US:NYSE Investor Relations: ares-ir.com
Company Research Source: Yahoo! Finance
Today, a key part of the acquired business is struggling to justify the enthusiasm. Most Read from Bloomberg A Chicago Skyscraper Cements the Legacy of a Visionary Postmodern Architect NYC's Run-Down Bus Terminal Gets Approval for $10 Billion Revamp Kansas City Looks Back on its Long, Costly Ride With Microtransit In its heyday, Alcentra was up there with current direct-lending success stories such as Ares Management Corp. and Intermediate Capital Group Plc. as they jousted for preeminence in making loans to Europe's companies. But unlike old rivals that are expanding their assets at breakneck speed, Alcentra has shrunk. At its peak it managed about $43 billion of assets, according to Fitch Ratings. By the time Franklin struck the deal to acquire the London-based lender, it had $38 billion. It now has about $32 billion. Alcentra's corporate direct-lending franchise, the engine room of most private credit businesses, has halved from €12 billion ($12.7 billion) in 2020 to €6 Show less Read more
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