Ares dominates shortlist for Alternative Credit Awards

Ares Management has gained more places on this year’s shortlist for the Alternative Credit Awards than any other company, with nods in six different categories.

The alternative asset manager has been shortlisted for the Fund Manager of the Year award, alongside Permira Credit, Federated Hermes and Eurazeo.

The Ares Senior Direct Lending III fund has also been shortlisted for Fund of the Year ($1bn+) (£0.77bn); while its predecessor – Ares Senior Direct Lending II – has made the shortlist for the Performance of the Year ($1bn+) category.

Read more: What to expect at this year’s Alternative Credit Awards

Meanwhile, the Ares Pathfinder Fund II is up for the Innovative Fund of the Year ($1bn+) award.

Ares has also been recognised for its thought leadership, with a nod in the Market Commentator of the Year category. It will be competing for this prize against Oaktree Capital Management, Benefit Street Partners, and Churchill Asset Management.

The firm’s sixth place on the shortlist is for Senior Lender of the Year, alongside Triple Point Private Credit, Pemberton Asset Management, and Permira Credit.

While Ares takes the crown for most shortlisted company, many other alternative lenders also racked up multiple shortlist entries.

Read more: Alternative Credit Awards: Shortlist unveiled

Oaktree Capital Management received four nominations – for Distressed Debt Manager of the Year, Fund of the Year ($1bn+), Special Situations Debt Manager of the Year and Market Commentator of the Year.

Meanwhile, NorthWall Capital, Eurazeo, Fintex Capital, Kuflink and Folk2Folk all made their mark with three places on the shortlist each.

The winners of the Alternative Credit Awards will be announced at a glittering ceremony on Wednesday 6 November 2024 at the Royal Lancaster London.

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