ASIF
Ares Management private credit holdings
ASIF schedule of investments, latest period.
As of 2026-06-30 · compiled 2026-10-02
Manager: Ares Management
Street is the leave-one-out median of other desks' FV/principal on the matched funded facility. One manager is one desk unless its own vehicles differ by 10 points. Not a NAV restatement. Do not add overlapping-book dollars across funds. NAV-if-street is +$23.6m (12.5 bps of book).
What the book is exposed to
| Sector | Fair value | Share |
|---|---|---|
| Software and Services | $4.6bn | 24.7% |
| Commercial and Professional Services | $2.1bn | 11.4% |
| Health Care Equipment and Services | $2.1bn | 11.2% |
| Capital Goods | $1.8bn | 9.6% |
| Consumer Services | $1.3bn | 7.0% |
| Financial Services | $1.1bn | 5.7% |
| Insurance | $994.9m | 5.3% |
| Pharmaceuticals, Biotechnology and Life Sciences | $715.2m | 3.8% |
| Consumer Distribution and Retail | $688.7m | 3.7% |
| Sports, Media and Entertainment | $533.2m | 2.8% |
Largest named credits
As-filed ¢ is the printed SOI line for that facility (FV/principal on co-held funded USD debt; USD ¢ when the filing prints FX par; funded ¢ when par includes undrawn). Street is the other desks' median. A book blend is not a mark.
| Credit | Facility | Fair value | As-filed ¢ | Street ¢ | Δ |
|---|---|---|---|---|---|
| ADLP LLC | structured credit | $755.2m | 100.0¢ | - | - |
| Covert HoldCo, LP | subordinated note | $219.7m | 98.0¢ | - | - |
| Denali Intermediate Holdings, Inc. and Denali Parent Holdings, L.P. | first lien term loan | $217.2m | 95.2¢ | 97.7¢ | -2.4 pt |
| Retained Vantage Data Centers Intermediate Holdco, LP and Retained Vantage Data Centers Assets, LP | subordinated note | $203.6m | 100.0¢ | - | - |
| FEH Group, LLC. | structured credit | $203.4m | 147.7¢ | - | - |
| WorkWave Intermediate II, LLC | first lien term loan | $176.5m | 98.0¢ | 88.7¢ | +9.3 pt |
| Pike Corporation | first lien term loan | $173.4m | 99.0¢ | 99.6¢ | -0.6 pt |
| Himalaya TopCo LLC and BCPE Hyperlink Holdings, LP | first lien term loan | $159.5m | 98.0¢ | - | - |
| Reddy Ice LLC | first lien term loan | $155.7m | 100.0¢ | - | - |
| Gula Buyer Inc. and Gula Co-Invest II, L.P. | first lien term loan | $148.1m | 100.0¢ | 101.0¢ | -1.0 pt |
| Neptune Bidco US Inc. and Elliott Metron Co-Investor Aggregator L.P. | first lien term loan | $143.9m | 99.1¢ | - | - |
| Cambrex Corporation | first lien term loan | $138.6m | 100.0¢ | 99.5¢ | +0.5 pt |
| Global Music Rights, LLC | first lien term loan | $137.7m | 101.0¢ | 95.1¢ | +5.9 pt |
| Silk Holdings III LLC and Silk Holdings I Corp. | first lien term loan | $136.9m | 99.0¢ | 99.5¢ | -0.5 pt |
| EMB Purchaser, Inc. | first lien term loan | $124.7m | 98.0¢ | 97.2¢ | +0.8 pt |
This is the filing window into that manager's private credit, not the whole platform.
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