Ares Capital Agrees to Buy MidCap Financial Investment
Ares Capital, backed by Ares Management, agreed to buy peer MidCap Financial Investment, which is operated by Apollo Global Management.
By Jonathan GuilfordPrivate-credit’s public reckoning is moving into a magical phase. Ares Capital NASDAQ:ARCC, a listed loan outfit backed by Ares Management NYSE:ARES agreed to buy peer MidCap Financial Investment NASDAQ:MFIC, which is operated by Apollo Global Management NYSE:APO. The $2.6 bill…