Ares is the latest private credit player to limit withdrawals after investors ask to redeem their money

"Ares Strategic Income Fund limited withdrawals to 5% of outstanding shares after investors requested to redeem more than 11% of shares, reflecting rising anxiety in the asset class."

"The fund's net value stands at $10.7 billion, with a total portfolio value of $22.7 billion, despite the significant redemption requests from investors."

"A majority of withdrawal requests came from a limited number of family offices and smaller institutions, representing less than 1% of the fund's total shareholders."

"The decision to cap withdrawals was made consistent with the Fund's design, emphasizing Ares's ability to deploy capital and generate returns even in challenging market conditions."

Ares Strategic Income Fund has capped investor withdrawals at 5% after receiving requests to redeem over 11% of shares. The fund's net value is $10.7 billion, with a total portfolio value of $22.7 billion. Investors sought to withdraw more than $1.2 billion, but only $524.5 million will be allowed. Despite redemption pressures, the fund experienced $708 million in inflows and a net gain of $184 million in the first quarter. Concerns about private credit loans and liquidity have prompted some investors to exit.

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