Ares Management Corporation (NYSE: ARES) credit funds led a debt financing package exceeding $1.7 billion. The capital supports KSL Capital Partners’ acquisition of Invited Clubs, the largest owner and operator of private golf and country clubs in the U.S.
Kort Schnabel, Co-Head of Ares U.S. Direct Lending, cited Invited’s differentiated market position and growth track record as primary investment drivers. The transaction utilizes the Ares direct lending platform to provide significant scale and flexibility.
This platform serves as the central operations hub for Ares Capital Corporation (ARCC), the largest publicly traded BDC. The deal reinforces Ares' leadership position within the global private credit market.