CION Ares Management (CAM), a joint venture between affiliates of CION Investments, a leading manager and distributor of alternative investment solutions for individual investors, and Ares Management Corporation, a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (CADC) recently surpassed $5 billion in total assets under management.
CADC invests in a wide pool of illiquid and liquid credit investments, seeking superior risk-adjusted returns across various market cycles in a continuously offered interval fund structure. The fund employs a dynamic asset allocation framework, utilizing Ares’s extensive operational resources, infrastructure, and origination network. This fund is distributed through a broad universe of RIAs, independent broker-dealers, and wirehouses.
KEY QUOTES:
“We partnered with Ares on a diversified alternative credit fund in an interval fund structure back in 2017 because we believed that individual investors should have direct access to the same alternatives opportunities that institutions have been accessing for decades. Our consistent growth in fundraising has scaled rapidly as investors increasingly incorporate alternatives into their portfolio allocations, and we are delighted to reach the $5 billion milestone in assets under management. CADC offers the opportunity for several benefits including income, stability and lower portfolio volatility through diversification away from public markets, and this combination has proved powerful in helping investors reach their goals.”
- CION co-CEO Mark Gatto
“The benefits of adding alternatives to individual portfolios have become more apparent as we’ve seen a prolonged period of uncertainty around interest rates. The economic outlook remains unclear, and the Fund’s track record of adding value through all phases of the business cycle is even more compelling. We’ve always been committed to providing financial advisors with the products, education and service they need to help them add alternatives to client portfolios, and we remain thankful for the strong support we’ve received from the advisor community.”
- Michael A. Reisner, CION co-CEO
