Ares Management Acquires Riverside Credit Solutions from The Riverside Company
September 3, 2024
Ares Management Corporation has acquired Riverside Credit Solutions (RCS), an affiliated fund and lower‑middle‑market direct lending team of The Riverside Company. The Boston‑based RCS team and capabilities will be integrated into Ares' U.S. Direct Lending platform to expand coverage of cash‑flow‑based lending to lower‑middle‑market, PE‑sponsored and non‑sponsored businesses.
- Buyers
- Ares Management Corporation
- Targets
- Riverside Credit Solutions
- Sellers
- The Riverside Company
- Industry
- Financial Services
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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