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.
- Firm
- Ares Management
- Fund
- Pathfinder III
- Size
- $12.7B
- Stage
- Final close
- Asset class
- Credit
- Geography
- Global
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