{"id":246438,"date":"2026-03-24T18:41:29","date_gmt":"2026-03-24T18:41:29","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=246438"},"modified":"2026-03-24T18:41:29","modified_gmt":"2026-03-24T18:41:29","slug":"tensiuni-tot-mai-mari-pe-piata-americana-de-credit-privat-inca-un-fond-mare-ares-management-limiteaza-retragerile-investitorilor-dupa-ce-a-primit-cereri-de-rascumparare-de-12-miliarde-de-dolari-do","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=246438","title":{"rendered":"Tensiuni tot mai mari pe pia\u0163a american\u0103 de credit privat. \u00cenc\u0103 un fond mare, Ares Management, limiteaz\u0103 retragerile investitorilor dup\u0103 ce a primit cereri de r\u0103scump\u0103rare de 1,2 miliarde de dolari doar \u00een primele trei luni din 2026"},"content":{"rendered":"<p>\nGrupul de investi\u0163ii Ares Management a limitat retragerile din unul dintre fondurile sale importante de credit privat destinate investitorilor \u00eenst\u0103ri\u0163i, dup\u0103 ce cererile de r\u0103scump\u0103rare au crescut la 11,6% \u00een primul trimestru, noteaz\u0103 FT.<\/p>\n<p>\nCompania, care administreaz\u0103 active \u00een valoare de 623 de miliarde de dolari, a anun\u0163at c\u0103 a plafonat retragerile din fondul Ares Strategic Income Fund la 5%, prag prev\u0103zut \u00een structura fondului, care \u00eei permite s\u0103 limiteze ie\u015firile de capital \u00eentr-un trimestru.<\/p>\n<p>\nDecizia vine dup\u0103 m\u0103suri similare adoptate de unii dintre cei mai mari competitori ai s\u0103i, inclusiv Apollo Global Management \u015fi divizia HPS Investment Partners a BlackRock.<\/p>\n<p>\nAres a precizat c\u0103 fondul, evaluat la 10,7 miliarde de dolari, a primit cereri de retragere \u00een valoare de 1,2 miliarde de dolari \u00een primele trei luni ale anului. Compania a onorat retrageri de 524 de milioane de dolari, pu\u0163in peste dou\u0103 cincimi din totalul solicit\u0103rilor. \u00cen ultimul trimestru din 2025, fondul a onorat toate cererile de retragere, chiar dac\u0103 acestea dep\u0103\u015fiser\u0103 pragul de 5%.<\/p>\n<p>\nAres a explicat c\u0103 retragerile au fost determinate de un \u201enum\u0103r limitat\u201d de birouri de administrare a averilor de familie \u015fi de institu\u0163ii mai mici, care reprezint\u0103 mai pu\u0163in de 1% din cei peste 20.000 de investitori ai fondului.<\/p>\n<p>\nAnali\u015ftii estimeaz\u0103 acum o \u00eencetinire a atragerii de fonduri la nivelul pie\u0163ei, aceasta fiind unul dintre principalele motoare de cre\u015ftere pentru firme de investi\u0163ii precum Blackstone, Ares \u015fi Blue Owl Capital.<\/p>\n<p>\nSitua\u0163ia ar putea complica \u015fi eforturile industriei de a p\u0103trunde pe pia\u0163a american\u0103 a pensiilor private, evaluat\u0103 la 9.000 de miliarde de dolari, \u00een timp ce companiile a\u015fteapt\u0103 modific\u0103ri de reglementare care s\u0103 permit\u0103 includerea investi\u0163iilor private \u00een planurile de pensii de tip 401(k).<\/p>\n<p>\nR\u0103scump\u0103r\u0103rile s-au accelerat \u00een aceast\u0103 lun\u0103, fondurile monitorizate de Financial Times raport\u00e2nd cereri de retragere \u00een valoare de 13 miliarde de dolari \u00een primul trimestru.<\/p>\n<p>\nFondurile respective, care administreaz\u0103 portofolii de investi\u0163ii cumulate de 211 miliarde de dolari, au onorat pu\u0163in sub dou\u0103 treimi din cereri, l\u0103s\u00e2nd neacoperite retrageri de 4,6 miliarde de dolari.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grupul de investi\u0163ii Ares Management a limitat retragerile din unul dintre fondurile sale importante de credit privat destinate investitorilor \u00eenst\u0103ri\u0163i, dup\u0103 ce cererile de r\u0103scump\u0103rare au crescut la 11,6% \u00een primul trimestru, noteaz\u0103 FT. Compania, care administreaz\u0103 active \u00een valoare de 623 de miliarde de dolari, a anun\u0163at c\u0103 a plafonat retragerile din fondul Ares [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[62907,7633,32726,17093],"class_list":["post-246438","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-ares-management","tag-investitori","tag-rascumparare","tag-tensiuni"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/246438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=246438"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/246438\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=246438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=246438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=246438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}