Kirkland Advises Ares Management Corporation on Closing of Oversubscribed $3.5 Billion Special Opportunities Fund

Kirkland & Ellis advised Ares Management Corporation, a leading global alternative investment manager, on the final closing of its Ares Special Opportunities Fund, L.P. (ASOF). The fund was significantly oversubscribed at over $3.5 billion of commitments relative to its $2.0 billion target. ASOF attracted strong interest from a diverse set of more than 70 limited partners from North America, Europe, Asia and the Middle East, and investors included pension funds, sovereign wealth funds, insurance companies, endowments, family offices and private banks. Approximately half of the ASOF investors had previously invested in another Ares fund and this group of limited partners accounted for over 80 percent of the Fund’s committed capital.

Read the press release from Ares Management Corporation

The Kirkland team was led by investment funds partners Stephanie Berdik and Andrew Roeder and associates Casey O’Brien and Alisha Patterson; transactional associates Han Park and Luke Schafer; tax partners Mike Carew and Meredith Levy and associate Miles Johnson; and employee benefits partner Liz Dyer.