Ares Strategic Income Fund (ASIF) is a non-traded business development company focused on private credit. Its strategy emphasizes directly originated senior secured floating-rate loans to U.S. companies.
ASIF is distinct from Ares' publicly traded BDCs and real estate programs. Match the fund name, share class and account registration to the applicable prospectus and tender documents.
Ares Management
Non-Traded Business Development Company
U.S. Direct Lending
Private Credit
Limited Issuer Repurchases / Transfer Review
October 21, 2026
In its September 24, 2026 third-quarter tender Q&A, ASIF reported total repurchase requests of 13.1% against an offer for up to 5% of common shares outstanding as of July 31, 2026. The disclosure illustrates why a request can be only partly fulfilled. It does not establish the terms or outcome of a later offer.
Quarterly tenders are expected rather than guaranteed. The board may amend, suspend or terminate repurchases. Investors should confirm whether an unfulfilled request must be resubmitted and which deadlines apply to the next offer.
Begin with the issuer's current repurchase materials. Check the submission deadline, required form, pricing date, withdrawal rules and expected settlement process. Periodic liquidity differs from daily redemption or an exchange sale.
A private secondary transaction is a separate possibility to evaluate. Permission to transfer does not establish that a purchaser exists. Sponsor or transfer-agent approval, purchaser eligibility and account documentation may affect whether a proposed transaction can proceed.
A review should assess the remaining share balance after any proration, current transfer instructions, valuation date and applicable deductions.
A statement value, published NAV, issuer repurchase price and private purchase indication serve different purposes. Compare their valuation dates and terms rather than treating them as interchangeable. The amount an investor could receive also depends on the quantity accepted or purchased.
Request written terms showing gross consideration and applicable deductions, including any early repurchase adjustment, transfer charge, custodian fee or transaction cost. Personal tax consequences should be reviewed with a qualified tax professional.
A recent statement is generally sufficient to begin an initial review. Confirm any additional signatures, signature guarantee, custodian instructions or transfer forms for the particular position before submitting final documents.
AIL reviews ownership records, transfer requirements, valuation references and potential market interest. An individual review does not guarantee a purchaser, issuer repurchase, transaction price or completion date.
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AIL is not affiliated with or endorsed by the fund or its sponsor and is not a broker-dealer or investment adviser. This page provides general research, not an offer to buy or sell securities or individualized investment, legal or tax advice.
Research reviewed October 21, 2026. Reported tender outcomes and historical notices relate to their stated periods. Terms, valuations and liquidity conditions can change; review current documents and subsequent notices.
Secondary market interest depends on more than asset type. AIL evaluates each position based on investment structure, transferability, documentation, and current market conditions.
Ownership type, sponsor requirements, investment terms, and underlying asset characteristics all influence review.
Some positions may be subject to transfer restrictions, approval requirements, or limitations within governing documents.
Offering materials, account records, ownership documents, and sponsor information help determine whether review can proceed.
Potential liquidity depends on current buyer interest, asset category, pricing expectations, and transaction feasibility.
Every opportunity is reviewed individually. Our process is designed to provide clarity regarding transferability, marketability, and potential liquidity pathways before any transaction decisions are made.
Provide basic details regarding the investment position, ownership structure, and available documentation.
AIL evaluates the investment type, transfer restrictions, sponsor requirements, and available transfer pathways.
We determine whether a secondary market opportunity may exist based on current investor demand and transaction activity.
If a viable pathway exists, we discuss potential next steps, timing considerations, and transaction requirements.
Submit basic information for a confidential review. Opportunities are evaluated individually based on investment structure, available documentation, transferability, and potential market interest.
REQUEST CONFIDENTIAL REVIEW