Ares Strategic Income Offshore Access Fund (ASIF-O)

Ares Strategic Income Offshore Access Fund (ASIF-O) is a Luxembourg-domiciled feeder vehicle managed by Ares, giving professional investors access to a private debt programme pursued through a direct lending approach. Launched in 2023, it is set up as an open-ended SICAV operating under the RAIF regime in Luxembourg; it is a Non-ELTIF structure, so the ELTIF framework does not apply (N/A) and distribution across Europe is directed at professional investors rather than retail channels. Exposure is denominated in USD, and the underlying loan book is spread as shown in .

Mechanically, the feeder is built for recurring allocation rather than a drawdown schedule: capital is accepted at a monthly cadence from a minimum ticket of 25,000 USD, pricing is struck at a monthly interval, and liquidity is offered quarterly through a tender-style process that remains subject to the manager's discretion and to the fund-level caps typical of evergreen private credit vehicles. A soft lock-up applies to early redemptions in the initial holding period, which aligns investor behaviour with the illiquidity of directly originated loans. Fee terms comprise alongside , and current scale is reflected in .

For context on the platform, the vehicle sits among 148 private debt funds and 347 funds domiciled in Luxembourg within a tracked universe of 494, and more narrowly among the 108 funds that combine both characteristics, making its terms and liquidity mechanics directly comparable against that cohort. Figures reflect data as of 31 Aug 2026.