 LOS ANGELES--BUSINESS WIRE--Ares Management Corporation Ares NYSE: ARES, a leading global alternative investment manager, announced today the final closing of its fifth commingled European direct lending fund, Ares Capital Europe V ACE V or the Fund at 11.0 billion, representing the largest European direct lending fund raised to date. With strong investor support, ACE V surpassed its 9.0 billion target eight months after its launch and closed oversubscribed at its 11.0 billion 