CION-ARES-DIVERSIFIED-CREDIT-FUND
Ares Management private credit holdings
CION-ARES-DIVERSIFIED-CREDIT-FUND 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. Overlapping book is +$9.2m (14.8 bps of book).
What the book is exposed to
| Sector | Fair value | Share |
|---|---|---|
| Software and Services | $1.5bn | 23.4% |
| Financial Services | $691.6m | 11.1% |
| Health Care Equipment and Services | $662.6m | 10.7% |
| Commercial and Professional Services | $651.1m | 10.5% |
| Insurance | $462.0m | 7.4% |
| Capital Goods | $343.3m | 5.5% |
| Sports, Media and Entertainment | $251.2m | 4.0% |
| Consumer Services | $240.5m | 3.9% |
| Pharmaceuticals, Biotechnology and Life Sciences | $229.7m | 3.7% |
| Consumer Distribution and Retail | $218.5m | 3.5% |
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 |
|---|---|---|---|---|---|
| FEH Group, LLC. | common equity | $83.2m | 148.2¢ | - | - |
| Retained Vantage Data Centers Intermediate Holdco, L.P_Retained Vantage Data Centers Assets, LP | subordinated note | $78.0m | 100.0¢ | - | - |
| Oak Funding LLC | first lien term loan | $65.3m | 100.1¢ | 98.9¢ | +1.1 pt |
| Global Music Rights, LLC | first lien term loan | $65.0m | 101.0¢ | 95.1¢ | +5.9 pt |
| Denali Intermediate Holdings, Inc. | first lien term loan | $64.2m | 95.2¢ | 97.7¢ | -2.4 pt |
| Pike Corporation | first lien term loan | $62.6m | 98.9¢ | 99.6¢ | -0.6 pt |
| eCapital Finance Corp. | subordinated note | $58.9m | 99.0¢ | - | - |
| Himalaya TopCo LLC | first lien term loan | $53.7m | 98.0¢ | - | - |
| Neptune BidCo US Inc. | first lien term loan | $51.8m | 99.1¢ | - | - |
| Adonis Bidco, Inc. | first lien term loan | $49.5m | 95.0¢ | - | - |
| Platinum Credit Bidco Limited | first lien term loan | $48.9m | 112.5¢ | - | - |
| Aquarian Peninsula Holdings LLC | preferred equity | $47.8m | 102.2¢ | - | - |
| QUINTAIN INVESTMENTS HOLDINGS LIMITED | subordinated note | $47.2m | 120.4¢ | - | - |
| Spruce Bidco II Inc. | first lien term loan | $45.8m | 100.1¢ | 98.9¢ | +1.1 pt |
| Equinox Holdings, Inc. | first lien term loan | $45.3m | 100.1¢ | 99.7¢ | +0.3 pt |
This is the filing window into that manager's private credit, not the whole platform.
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