Ares Diversified Strategic Income Fund (Master)

Ares Diversified Strategic Income Fund (Master) is an open-ended private debt vehicle managed by Ares, domiciled in Luxembourg as a SICAV and authorised under the UCI Part II regime. It is classified as Non-ELTIF, so N/A applies, and it is distributed on a pan-European basis to both professional and eligible retail investors. The fund launched in 2025, is denominated in USD, and pursues a direct lending strategy, placing it among 148 private debt funds and 108 Luxembourg-domiciled funds in that asset class within a tracked universe of 494 vehicles as of 31 Jul 2026.

Mechanically, the structure is built for periodic access rather than a fixed drawdown schedule: capital can be committed at a monthly cadence from a minimum of 25,000 USD, the portfolio is struck at a monthly valuation, and liquidity is offered quarterly subject to a soft lock-up on early redemptions and to the manager's discretion over repurchase capacity. Investors should read the redemption terms alongside the underlying loan book, since direct lending exposures are illiquid and semi-liquid wrappers of this type meet withdrawal requests from cash, repayments and the gate framework rather than secondary sales. The fund is reported under Article 6 and carries a summary risk indicator of 3.

Economics follow the evergreen private credit convention, with a management fee of and a performance fee of , both benchmarked here against the fee ranges observed across the 148 private debt peers and the broader set of 347 Luxembourg funds. Current scale is shown as , and the manager's stated return objective is , which should be assessed net of those fees and against the underwriting and floating-rate characteristics of the loan portfolio rather than in isolation.