UPDATE 1-Ares private credit fund faces 14.4% redemption requests in second quarter

Ares Management Corporation

Ares Management Corporation

ARES

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June 25 (Reuters) - Investors in a private credit fund run by Ares Management ARES.N sought to withdraw 14.4% of their shares in the second quarter, according to a regulatory filing on Thursday.

Ares Strategic Income Fund plans to fulfill repurchase requests up to 5% of its shares, the customary threshold level, the filing showed.

The fund said there was a decline in new withdrawal requests from investors in the U.S. private wealth channel, the largest segment of ASIF's investor base.

Withdrawal requests were mostly concentrated among a small number of non-U.S. institutions and family offices, which represent less than 1% of the fund's shareholder base.


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