Ares Dynamic Credit Allocation Fund in $320m IPO

Ares Management has announced the successful initial public offering of Ares Dynamic Credit Allocation Fund. The fund priced an offering of 16 million shares at a price of $20.00 per share, for a total issuance of $320 million. Shares will commence trading today on the New York Stock Exchange (NYSE) under the symbol ARDC.

PEHUB Community

Join the 12505 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget