Ares Backs Dubai Multifamily Office in Gulf Private Credit Push

Ares Management is providing a $100 million facility to Dubai-based multifamily office Patrimium, as global finance firms step up their pursuit of private credit opportunities in the Gulf region.

Ares said the net asset value financing to Patrimium is among the region’s first such transactions involving a global alternatives firm, according to a statement. It was done through Ares’ $46.7 billion Alternative Credit strategy, an investor in asset-based finance. Ares overall manages over $595 billion.