Ares Management announced the acquisition of BlueCove Limited, a London‑based systematic fixed‑income manager, creating a new Ares Systematic Credit strategy.
BlueCove, founded in 2018 by Alex Khein and Hugh Willis, has grown its assets under management from $1.8 billion in 2023 to $5.5 billion as of September 30 2025 and employs about 60 professionals. The deal builds on Ares’ minority stake held since 2023.
The transaction is expected to close in the first quarter of 2026. Ares will integrate BlueCove’s proprietary technology and data‑driven investment process, expanding its systematic credit capabilities and enhancing distribution to insurance clients. The acquisition aligns with Ares’ broader strategy to deepen its systematic credit offering and capture secular demand for data‑driven credit solutions.
Ares’ Credit Group managed approximately $377.1 billion in assets as of June 30 2025, part of a global platform with over $572 billion in assets. The company aims to reach $750 billion in assets under management by 2028, and the BlueCove acquisition is a step toward that goal. BlueCove’s competitors include Wellington Management, Troy Asset Management, Ashmore Group, Eaton Vance, and BlackRock.
Financial terms of the acquisition have not been disclosed. The deal is expected to broaden Ares’ product suite and strengthen its position in the growing systematic credit market.
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