Ares Management Secures $8.5 Billion for New Fund

Ares Management has secured $8.5 billion for a new fund, indicating a successful fundraising effort despite current challenges in the private markets. The funds raised will likely be directed towards investments in areas such as specialty credit loans, which remain an attractive option for lenders.

The success of Ares Management's fundraising suggests the company's ability to operate effectively in uncertain market conditions. The move follows a string of recent investments in the sector.

Ares Management's shares are expected to perform well, given the company's strong potential for growth, which could exceed 20%. The shares are available at a discounted valuation, making them an attractive option for investors.