Huge Private Credit Deals Are Coming to Europe Next, Ares Executive Says

One of the largest players in private credit expects the trend of ever bigger deals to move across the Atlantic to Europe.

Ares Management Corp.’s co-head of European direct lending Matthew Theodorakis said the scale of US loans will eventually be replicated in European markets. He pointed to a $5 billion-plus private credit deal arranged by his firm for a Clearlake Capital Group buyout.