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February 23, 2026
Kirkland Advises Coller Capital on Leading Ares’ Private Credit Continuation Vehicle
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AI-made summary
- • Kirkland & Ellis advised Coller Capital on the closing of a continuation vehicle for Ares U.S
- Direct Lending’s 2018-vintage fund. • The continuation vehicle secured over $1.3 billion in total commitments from investors. • The portfolio consists of first-lien, floating-rate loans to U.S
- middle-market companies backed by private equity sponsors. • Ares will continue managing the portfolio alongside both new and existing investors. • The Kirkland team included lawyers specializing in investment funds, transactional liability, debt finance, regulatory, and tax matters.
Kirkland & Ellis advised Coller Capital on the closing of a continuation vehicle for Ares U.S. Direct Lending’s 2018-vintage fund with more than $1.3 billion in total commitments. The continuation vehicle comprises a diversified portfolio of first-lien, floating-rate loans to U.S. middle-market companies backed by leading private equity sponsors. Ares will continue to manage the portfolio through its remaining lifecycle alongside new and existing investors. Read the transaction press release The Kirkland team included investment funds lawyers Társis Gonçalves, Richard Hughes, Tana Wilner de Keller and Chris Marano; transactional liability lawyers Hayley Hollender and Anna Geml; debt finance lawyers Stewart Ross and Leonard Kim; investment funds regulatory lawyers Nick Losurdo and Nicole Horowitz; and tax lawyers Lee Morlock and Beatriz Capeloa Gil.
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