CION Ares Diversified Credit Fund Announces $5 Billion Total Assets Under Management Milestone
08 Mayo 2024 - 8:30AM
Business Wire
CION Ares Management LLC (“CAM”), a joint venture between
affiliates of CION Investments (“CION”), a leading manager and
distributor of alternative investment solutions for individual
investors, and Ares Management Corporation (“Ares”), a leading
global alternative investment manager, announced that the CION Ares
Diversified Credit Fund (“CADC” or the “Fund”) recently surpassed
$5 billion in total assets under management.
CION co-CEO Mark Gatto noted, "We partnered with Ares on a
diversified alternative credit fund in an interval fund structure
back in 2017 because we believed that individual investors should
have direct access to the same alternatives opportunities that
institutions have been accessing for decades. Our consistent growth
in fundraising has scaled rapidly as investors increasingly
incorporate alternatives into their portfolio allocations, and we
are delighted to reach the $5 billion milestone in assets under
management. CADC offers the opportunity for several benefits
including income, stability and lower portfolio volatility through
diversification away from public markets, and this combination has
proved powerful in helping investors reach their goals.”
CADC invests in a diversified pool of illiquid and liquid credit
investments, seeking superior risk-adjusted returns across various
market cycles in a continuously offered interval fund structure.
The Fund employs a dynamic asset allocation framework, leveraging
the extensive operational resources, infrastructure and origination
network of Ares. The Fund is currently distributed through a broad
universe of RIAs, independent broker-dealers, and wirehouses.
Michael A. Reisner, CION co-CEO, added, “The benefits of adding
alternatives to individual portfolios have become more apparent as
we’ve seen a prolonged period of uncertainty around interest rates.
The economic outlook remains unclear, and the Fund’s track record
of adding value through all phases of the business cycle is even
more compelling. We’ve always been committed to providing financial
advisors with the products, education and service they need to help
them add alternatives to client portfolios, and we remain thankful
for the strong support we’ve received from the advisor
community.”
ABOUT CION INVESTMENTS
CION Investments is a leading open-source provider of
alternative investments designed to redefine the way individual
investors can build their portfolios and meet their long-term
investment goals. CION Investments currently sponsors, among other
products, CION Investment Corporation (NYSE: CION), a leading
publicly listed business development company that currently manages
approximately $2.0 billion in assets, and also sponsors, through
CION Ares Management, the CION Ares Diversified Credit Fund, a
globally diversified interval fund that currently manages
approximately $5.0 billion in assets.
For more information, please visit www.cioninvestments.com.
ABOUT ARES MANAGEMENT CORPORATION
Ares Management Corporation (NYSE: ARES) is a leading global
alternative investment manager offering clients complementary
primary and secondary investment solutions across the credit, real
estate, private equity and infrastructure asset classes. We seek to
provide flexible capital to support businesses and create value for
our stakeholders and within our communities. By collaborating
across our investment groups, we aim to generate consistent and
attractive investment returns throughout market cycles. As of March
31, 2024, Ares Management Corporation's global platform had
approximately $428 billion of assets under management with
approximately 2,900 employees operating across North America,
Europe, Asia Pacific and the Middle East. For more information,
please visit www.aresmgmt.com.
FORWARD-LOOKING STATEMENTS
The information in this press release contains forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements are identified by words such as "may,"
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," "would," "could," "should," and variations of these
words and similar expressions, including references to assumptions,
forecasts of future results, shareholder diversification,
institutional research coverage and availability and access to
capital. These statements are not guarantees of future performance
and are subject to risks, uncertainties, and other factors, some of
which are beyond our control and are difficult to predict and could
cause actual results to differ materially from those expressed or
forecasted in the forward-looking statements. CADC undertakes no
obligation to update any forward-looking statements contained
herein to conform the statements to actual results or changes in
its expectations.
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Susan Armstrong Head of Marketing E:
sarmstrong@cioninvestments.com
CION Investment (NYSE:CION)
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