India
The investment marks the seventh deployment by India Credit Opportunities Fund II.
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The credit facility comes from investment group Silverstreak.
World
The acquisition strengthens Ares Capital’s presence in direct lending to mid-sized businesses.
A coming wave of loan maturities could strain weaker borrowers’ refinancing.
The deal extends a growing trend of Japanese insurers partnering with British asset managers to increase exposure to private credit.
The firm is targeting a corpus of about $1 billion.
Its IPO will open for subscription for two days starting October 26.
Japanese investors are looking to diversify their private credit allocations.
CPP Investments and Temasek re-invested in the strategy.
Regency Hospital will use the funds to build new healthcare infrastructure.
