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In the Gaps: Ares Alternative Credit Newsletter - Winter 2025

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In the latest edition of In the Gaps, we’re building upon some of the themes we discussed in our last edition, zooming out to make the supply-demand picture a little clearer. We’re sharing insights into a few sectors affecting tides of capital, like digital infrastructure and consumer finance. Finally, we defy gravity a little with some lessons learned from last quarter’s Spirit Airlines bankruptcy. The newsletter also spotlights Rocket Learning, an organization focused on early childhood education in India working to ensure that all children, regardless of income or background, can access quality early childhood education tools in their formative years. Members of our team recently had the opportunity to see Rocket Learning’s impact first-hand, and we could not be more excited to share more of their story with you.

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Ares Management

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders’ long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles.

As of March 31, 2026, Ares Management Corporation’s global platform had nearly $644 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. Ares manages over $62 billion on behalf of 282 third-party insurance companies globally. For more information, please visit www.ares.com.

Robert Torretti  
Partner, Co-Head of Insurance, Americas Relationship Management  
rtorretti@aresmgmt.com
212-515-3385

Amanda Healy   
Partner, Co-Head of Insurance, Americas Relationship Management   
ahealy@aresmgmt.com
212-515-3351

Ares Management
245 Park Avenue, 44th Floor,
New York, NY 10167

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