Alternative asset manager Ares Management revealed an expansion of its investment portfolio through new and enlarged positions in credit-focused funds during the first quarter of 2026, according to its quarterly disclosure filed with federal regulators on Friday.
The investment firm, which announced earlier this month that it secured a record-breaking $30 billion in fundraising during the opening quarter, established a new investment in medical device company Integer Holdings valued at $53.3 million by the end of March.
Additionally, Ares entered smaller initial positions in two business development companies: BlackRock TCP Capital and Carlyle Secured Lending.
The company expanded 17 existing investments, with many focused on business development companies that combine equity funding with borrowed capital to provide loans to smaller businesses. This investment sector has faced challenges recently due to questions about loan quality standards and worries that artificial intelligence technology could harm software companies that receive funding from these lenders. Among its increased holdings, Ares grew positions in Golub Capital BDC and Blue Owl Technology Finance, while also adding to its investment in its own business development company, Ares Capital Corp.
The firm’s sole divestment involved completely selling its position in New Mountain Finance, which had previously sold off $477 million worth of assets in February.
