16 January 2015

Ares announces $700m deal for insurer

US asset manager Ares Management has announced a $700m deal to invest in commercial real estate debt on behalf of an unnamed company that it described as a 'large North American specialty life insurer'.

In a short statement Ares said that it will directly originate and service variable and fixed-rate US commercial mortgage loans across a variety of property types and maturities. The Los Angeles-based company added that the deal is expected to be complementary to the Ares Real Estate Group's existing origination activities, including Ares Commercial Real Estate Corporation.

"We now have more than $5bn of assets under management through direct investments from the insurance sector," said David Reilly, senior partner of the Ares Business Development Group and Head of Ares Insurance Partners. 

Channels: 
SAA/ALM
Companies: 
Ares Management
People: 
David Reilly
Latest Stories
  • Australians place their bets on climate change's likely trajectory

    14 March 2025

    Knowledge about global warming now at "an inflexion point", says leading academic

  • Chart of the Week - The importance of investing in UK asset-intensive reinsurance deals

    14 March 2025

    Data from RGA's Irish unit shows how much investment returns matter, in funded-re deals since 2015

  • CDPQ's Velto inks 130MW renewables deal

    14 March 2025

    Follows acquisition of Canada's Innergex last month

  • Annuity and private markets boom at L&G, as CIO eyes defence stocks

    14 March 2025

    AuM falls 2% to £1.1trn, but private markets platform goes from strength to strength

  • CNP Assurances commits to FSC Certification for all its forests by 2030

    14 March 2025

    Plans for FSC certification of 100% forest holdings

Cookies on Insurance Asset Risk

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here