Ares Management (ARES) said Thursday it has raised more than $2.3 billion of equity commitments for Aspida Holdings, a life insurance and annuity company.
Aspida also recently closed an oversubscribed offering of $700 million in credit facilities, Ares said.
Aspida is supported by Ares Insurance Solutions as its dedicated investment management, capital solutions and corporate development partner, Ares Management said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.