1015 ET - Ares Management limited withdrawals from its $22.5 billion Ares Strategic Income Fund after receiving redemption requests totaling 11.6% of the shares outstanding at the end of January, joining the expanding ranks of debt-fund managers that have barred investors from pulling out as much cash as they'd like. Investors will have another opportunity to request withdrawals in the coming quarter, the business development company says in a securities filing Tuesday. Ares, which formed the BDC about four years ago, said the 5% redemption would take $524.5 million from the BDC's coffers, noting that it has about $5 billion in undrawn liquidity. Ares said most of the withdrawal requests came from a small number of family offices and institutional investors. In a separate filing, the BDC said about 22% of its assets are tied to software and services companies. (ted.bunker@wsj.com)
(END) Dow Jones Newswires
March 24, 2026 10:15 ET (14:15 GMT)
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