Ares’ Theodorakis Sees Big Private Credit Deals Coming to Europe

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.

“That’s not here yet, but it will come,” he said, speaking to Bloomberg News at the SuperReturn conference in Amsterdam on Tuesday.

Trends in the private credit world, which has ballooned in recent years to ...