Ares takes controlling stake in Asia's SSG
Ares Management has agreed to buy a controlling stake in SSG Capital, an Asia-focused credit and special situations fund manager with approximately $6.2 billion in assets under management, including $3.9 billion in dry powder.
SSG has raised $1.9 billion for its fifth fund, plus a sidecar of $825 million, according to an Ares presentation, although it did not say whether this constitutes a final close. As of May 2019, the firm...
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