ARES · Ares Management Corporation
AI read · Good for ARES
The AI's read
Private-credit secondaries are surging and firms are packaging loans into continuation vehicles. Ares is moving to sell €3 billion of bundled interests in a flagship European direct-lending fund, so it sits squarely in the action. The market gave ARES a modest 2.24% pop and RSI sits mid-40s, so this looks only partly priced in. Price action is constructive but not stretched, leaving room for follow-through if volumes and fees materialize. We lean bullish because the move lets Ares monetize assets and capture fee/structuring upside while the secondaries market grows. Conviction 84 given the fresh, company-specific catalyst and limited immediate run-up.