Matheson advised an Ares U.S. Direct Lending fund (“Ares”) on the closing of a private credit continuation vehicle with more than $1.3 billion in total commitments.
The continuation vehicle comprises a diversified portfolio of first-lien, floating rates loans to U.S. middle-market companies backed by private equity sponsors. Ares will continue to manage the portfolio through its remaining lifecycle alongside new and existing investors.
The Matheson team included Alan Keating, Finance and Capital Markets Partner and Head of Matheson’s New York Office, Gerry Thornton, Tax Partner, Micheál Buckley, Finance and Capital Markets Senior Associate and Tadgh Donnelly, Tax Associate.