Ares Management Corporation has acquired BlueCove Limited, enhancing its systematic credit investing capabilities and expanding its market reach.

Transaction Summary

On October 30, 2025, Ares Management Corporation (“Ares”), a prominent global alternative investment manager, announced its acquisition of BlueCove Limited (“BlueCove”), a London-based scientific fixed income asset manager. This acquisition follows Ares’s earlier investment in BlueCove, where it acquired a minority stake in 2023. The terms of the acquisition remain undisclosed.

Information on the Target

Founded in 2018 by Alex Khein and Hugh Willis, BlueCove has rapidly established itself as a leader in systematic credit investing. The firm comprises a seasoned team of professionals specializing in fixed income investment, engineering, and business infrastructure, all focused on systematic portfolio management. Utilizing proprietary technology and a diverse range of products, BlueCove invests in high-yield corporate bonds, investment-grade securities, convertible bonds, and various other liquid credit instruments. Since the initial partnership with Ares in 2023, BlueCove's assets under management have surged from $1.8 billion to approximately $5.5 billion as of September 30, 2025.

Industry Overview in the Target’s Specific Country

The scientific fixed income investment management industry in the UK has witnessed significant growth and transformation in recent years, driven by advancements in financial technology and an increasing d