NEW YORK, November 5, 2025 – Proskauer advised Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, on raising approximately $1.5 billion of capital for Ares Direct Lending’s dedicated specialty healthcare strategy, inclusive of the final closing of the inaugural Ares Specialty Healthcare Fund (“ASH” or the “Fund”) and anticipated leverage.

Through ASH, Ares seeks to support sponsored and non-sponsored specialty healthcare companies by providing flexible capital in directly originated first lien, second lien, mezzanine, preferred equity and non-control equity opportunities. The Fund focuses on public and private companies around the world and across five specialized sub-sectors, including pharmaceuticals and biotechnology, medical technologies, tools and diagnostics, specialty services and healthcare IT.

The Proskauer team was led by partner N. Carter Noon and associates Alicia Abboud, Mark Cricco and Nikita Patel (Private Investment Funds); partner David Miller and associates Sean Webb and Maggie Livingstone (Tax); and partners Robert Sutton and Nathan Schuur (Regulatory), and assisted by partner Adam Scoll (Compensation & Benefits) and associates Andrew Park and Brendan Conroy (Private Investment Funds).

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