Wind Point Partners’ Post

Howard Marks’ Oaktree Capital Management, L.P. core Special Situations team wraps up $3bn fundraising for Fund III with oversubscribed audience. A blend of equity and debt strategies, the team is headed by experienced veteran co-PMs Matthew Wilson and Jordon Kruse. Looking forward to seeing the first order of business for the new fund. Follow for more insights into private credit. #privatecredit #privateequity #investmentbanking #investing #credit #fundraising

CION Ares Diversified Credit Fund recently surpassed $5 billion in total assets under management, according to CION Ares Management LLC – a joint venture between affiliates of CION Investments and global alternative investments manager Ares Management Corporation.   CION Investments CION Ares Management LLC CION Ares Diversified Credit Fund Ares Management Corporation Mark Gatto Michael Reisner #alternativeinvestments #CIONAresDiversifiedCreditFund #CIONInvestments #AresManagementCorporation #intervalfund #illiquid #AUM #assetsundermanagement

🗞️ CION Ares Management LLC (CAM), a joint venture between affiliates of CION Investments and Ares Management Corporation, announced that the CION Ares Diversified Credit Fund recently surpassed $5 billion in total assets under management. "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.” - Mark Gatto, co-CEO of CION Investments #news #investing #wealthmanagement #growth https://lnkd.in/gdr2n9dD

Ares Management Corporation, a leading global alternative investment manager, announced today that it has raised approximately $3.3bn of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX, General Partner commitments and affiliated vehicles. Michelle Creed, Partner and Co-Head of Real Estate Secondaries. “This fundraise exemplifies our platform differentiation – scale, structuring capabilities, extensive relationships, significant experience and our ‘thought partner’ approach to investing. As we continue to capitalize on the attractive supply-demand imbalance and the increasing investor interest in secondary markets, we believe we are well positioned to generate compelling risk-adjusted returns for our investors.” LREF IX's Ares Real Estate Secondaries team offers tailored secondary solutions for LPs and GPs, acquiring discounted seasoned assets, structuring diversified portfolios. Led by industry experts Michelle Creed and Jamie Sunday, the team boasts a 25-year cycle-tested track record, investing over $8.3bn across 200+ transactions, maintaining strong global relationships. #PEInsights #privateequity #investment #realestate

Co-investments play an important role in alternative asset investments. Discover some of the benefits and risks of co-investments, both to investors and sponsors, and commonly negotiated terms in our latest Private Fund Insights blog post by Jeffrey Hart here: https://lnkd.in/evMybPxG

New Crescendo Fund   September 15, 2023   Crescendo Capital Partners (CCP) announces the closing of its first outside fund. The capital was committed by ~15 UHNW’s (ultra-high net worth’s) and will be deployed over the next 3-4 years.   As CCP pursues some deals beyond the historical $5M-$10M earnings level, this fund will be particularly useful. Most of the LP’s have extensive capacity to upsize their commitments.   CCP is particularly pleased that the LP constituency includes personal relationships, including founders/owners of many firms in which Crescendo invested.   Unlike most funds, the CCP fund is a “top-off” vehicle, in that the first several million dollars of capital in every deal will be invested by Crescendo principals. In all Crescendo deals, every investment professional writes an out-of-pocket check. Interests are perfectly aligned as Crescendo principals gain the vast majority of their economic returns from their directly invested capital, not the management of third-party capital.   Founding Partner, CL Turner, III, said, “The new fund represents an inflection point in Crescendo’s development; we will always manage 3rd party capital as if it is our own.” Partner Mike MacRitchie, said, “Combined with substantial committed capital from the Crescendo team, we have significant dry powder available to deploy in founder-owned, lower-middle-market businesses.”   Morrison Cohen served as legal adviser with respect to the fund formation.

Zephyr's Market Strategist, Ryan Nauman, was recently quoted in @Jennifer Hill's Citywire Pro Buyer article discussing the many benefits of SMAs, including customization that offers investors the ability to more closely invest in alignment with their values and access to alternative investments. He also discusses Zephyr's 40+ year old SMA database which provides comprehensive SMA analysis for financial advisors. Read the full article below: https://lnkd.in/g23qTTyq #financialadvisor #wealthmanagement #financialplanning #fintech #investing #investmentmanagement #SMA #separatelymanagedaccounts

Ares Private Markets Fund, a continuously offered non-traded closed-end fund that invests in private equity and other private assets principally through the secondary market, provided a semi-annual update for the six months ended Sept. 30. 2023. Ares Management Corporation Ares Private Markets #alternativeinvestment #Ares #AresPrivateMarketsFund #closedendfund #privateequity #privatemarket #secondarymarket

The CAZ team and its co-investors have allocated approximately $4.7 billion to General Partner Stakes ("GP Stakes") alongside multiple partners, including Blue Owl Capital (formally Dyal Capital Partners). The allocation to Blue Owl GP Stakes Fund VI is representative of CAZ's leadership in the ownership of minority stakes of private asset management firms which can provide differentiated benefits for investors. "We view GP stakes as an appropriate cornerstone allocation of an investor's portfolio, based on the rare combination of downside protection, upside optionality and attractive cash flow that this asset class can provide. The cash yield also provides a compelling alternative to a traditional fixed income allocation. Ultimately, we view this strategy as having equity-like upside with credit-like downside protection and cash flow." https://lnkd.in/gGTfGXqb