BOSTON, December 22, 2021 – Proskauer, a leading international law firm, announced that it advised Ares Management, a leading global alternative investment manager, on the final closing of Ares Senior Direct Lending Fund II (the Fund or SDL II).
With approximately $8 billion in total commitments, the Fund was significantly oversubscribed relative to its original target of $4.5 billion. Together with the recently announced final close of Ares Private Credit Solutions II (PCS II) at $5.1 billion in October 2021, Proskauer has advised Ares Management and its U.S. direct lending team with respect to aggregate commitments of over $13 billion across SDL II and PCS II.
The Proskauer team advising Ares Management included partners Chip Parsons and Nicholas "Carter" Noon, and associates Jennifer Hicks, John Beck, Alicia Abboud, Shummi Chowdhury, Kimmi Pham, Amanda Eller and Michael LaMonte (Private Funds); partners David Miller and Janicelynn Park, and associates Sean Webb and Tony Meyer (Tax); and senior counsel Adam Scoll (ERISA).