Ares Management Closes Oversubscribed Inaugural U.S. Senior Direct Lending Fund with Total Anticipated Capital of $5 Billion LOS ANGELES, January 2, 2019-- Ares Management Corporation (NYSE:ARES) announced today the final closing of its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund (“SDL” or the “Fund”). SDL was significantly oversubscribed relative to its initial target of $2 billion in L.P. commitments, closing on approximately $3 billion of total commitments. Including anticipated leverage, the total capital for SDL is expected to be approximately $5 billion.