Points up front: Credit picking follows on from investor picking

By Sayed Kadiri

Credit picking skills will be important this year amid heightened idiosyncratic risk, so everyone seems to say. But Ares Management, one of the biggest names in direct lending, has demonstrated that asset managers can also be picky with the mandates they take on, when the firm walked away from a private debt mandate with London CIV in January.

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TAGS: Direct lending Europe Ares North America Institutional investor