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Credit

Inside Ares’ $12.7bn Pathfinder III fund

Tuesday, August 11, 2026 · first reported by Alternative Credit Investor

Ares Management closed Pathfinder III at $12.7bn ($8.5bn new LP commitments, $4bn reinvested from Pathfinder II) for asset-backed finance; largest global ABF fund at final close. Fundraise completed in June; capital deployment now underway.

Fund
Pathfinder III
Size
$12.7B
Stage
Final close
Asset class
Credit
Geography
Global

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