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$12.7bn Raised by Ares for Global Asset-Based Finance Fund
Ares Management Corporation, which isย a leading global alternative investment manager,ย on June 10ย announced the final close of Ares Pathfinder Fund III, L.P., and Ares Pathfinder Fund III โ Offshore, L.P. at $8.5 billion of LP commitments.
The fund became oversubscribed and closed at a higher hard cap, well above its $6.5 billion goal and its $6.6 billion 2023 vintage Pathfinder II fund. The fund held its first and final closing in less than six months from launch in January 2026 and happens to be theย biggest global asset-based finance fund in the market, reflecting strong investor demand for Aresโ best-in-class Global Asset-Based...
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Banking
Japan Banks Get Access to GPT-5.5 From U.S. AI Company
In a recent move, some Japanese financial institutions have been given access to GPT-5.5, which isย a model by U.S. artificial intelligence company OpenAI, in...
Insurance
Asset Management
New Nature Transition Model for the Finance Sector
The finance sector adopts a nature transition model
Paris and Oslo are pushingย biodiversity deeper into investment mainstream as BNP Paribas...
Cards & Payments
Mastercard Introduces Agent Pay for Machines – AP4M
The rise of AI has gone on to create novel ways to buy as well as sell goods and...
Finance
Sanctions Compliance Programs Managing Global Exposure
Effective sanctions compliance programs are essential for managing global exposure, utilizing advanced screening and transaction monitoring to mitigate regulatory risk and ensure alignment with international governance frameworks.
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Ripple UK FCA Approvals Expand Cross-Border Payment Services
Ripple has secured new regulatory approvals in the UK, receiving both an Electronic Money Institution licence and a Cryptoasset Registration from the Financial Conduct...
Extend Widens its Spend Management Platform to All Cards
Extend has widened its expense and spend management platform in order toย support virtually any credit card throughout the three major card networks. It is...
DNB Upgrades Domestic Payments in Partnership with Tietoevry Banking
Key takeaways:ย
DNB is replacing its long-used RBS infrastructure with Tietoevry Bankingโs PIN platform to streamline operations and modernise its payments backbone.
The migration...
DBS and Ant International Expand Collab in Fintech, Payments
DBS and Ant International have moved to expand their longstanding strategic relationship, signing a new agreement to pursue a broader range of joint initiatives...
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