Consolidation & turnaround trends to boost demand for alternative capital in Asia

With Edwin Wong, managing partner and CEO, Ares SSG

With banks reducing their exposure, alternative assets managers are best placed to fill the financing gap across Asia. Buoyed by growing demand for alternative capital in the wake of the pandemic, special situations-focused Ares SSG is looking at investment opportunities in real estate and financial services sectors in two of Asia’s largest economies – India and China. In March 2021, the Hong Kong-based fund sealed the deal to acquire Indian debt-ridden real estate financier Altico Capital.

Ares SSG, which has more than $7 billion in AUM, makes credit, private equity, and special situations investments on behalf of its institutional clients. The firm is on track to hit the final close of its latest Asia-Pacific focussed secured lending fund at $1.5 billion. In 2019, it had closed its fifth flagship fund SSG Capital Partners V at $1.9 billion and raised an additional $825 million for a sidecar fund.