Ares Management and Fidante Partners team up for alternative investment
US-based alternative investment manager, Ares Management Corporation, and Fidante Partners, a part of Challenger Limited, have announced a strategic joint venture in Australia to co-ordinate the marketing and investment management of retail and institutional investor capital for Ares’ various credit, private equity and real estate strategies.
Additionally, the two companies formed Ares Australia Management (AAM)to support the joint venture which would act as the investment manager for new investment vehicles specifically structured for investors in Australia and New Zealand.
The firm said AAM would be well-positioned to benefit from long-term trends in the Australian market such as the superannuation system and under allocation to global fixed income assets by Australian investors.
It would be headed by a board of directors including representatives from Ares and Fidante and would be based in Sydney.
Ares’ managing director and relationship manager Bill Entwistle would be headquartered in Sydney, with Entwistle continuing as a senior member of the Ares and Fidante relationship management effort in Australia.
“Fidante’s joint venture with Ares will provide local investors access to additional investment expertise in credit, which will play an important role in delivering high quality diversified returns for investor portfolios,” Challenger Funds Management chief executive, Nick Hamilton, said.
“We look forward to launching a range of investment strategies in collaboration with Ares and help build Ares Australia Management into a successful specialist asset manager.”
AUTHOR
Oksana Patron
Recommended for you
Six months after scrapping its planned deal with KKR, Perpetual is yet to make significant headway on the sale of its wealth management division but is focusing on alternatives for product development.
Platinum Asset Management’s NPAT has fallen by 89 per cent in FY25, with the firm confirming that it will be renamed as L1 Group following the expected completion of its merger with L1 Capital.
Bell Financial Group co-chief executive, Arnie Selvarajah, believes regulation will make the provision of episodic advice easier for consumers and is pivoting the business over the next two years to focus on wealth management.
Statutory NPAT at Pacific Current has almost halved in FY25 to $58.2 million as the result of an investment restructure.
