Reuters · 27 Oct, 15:20 · Finance briefing

Ares Capital to buy Apollo's MFIC in $2.6 billion deal

Ares Capital Corporation has agreed to acquire Apollo Global Management’s minority stake in its closed-end fund, Ares Dynamic Credit Allocation Fund Inc., for approximately $2.6 billion.

What it means for you ↓ Courses for this story

28%average pay gap between certified and uncertified finance staff

2.4xfaster promotion with a professional credential

83%of finance leaders rank upskilling a top-3 priority

20days to your first credential

The briefing

The story
in brief.

What happened, who it affects, and why it landed on our intelligence desk — in plain English, sixty seconds or less.

Ares Capital Corporation has agreed to acquire Apollo Global Management’s minority stake in its closed-end fund, Ares Dynamic Credit Allocation Fund Inc., for approximately $2.6 billion. This significant transaction strengthens Ares Capital’s position as the world’s largest business development company. The deal reflects broader trends in the private credit market, where institutional investors are increasingly consolidating assets and seeking stable yield opportunities. For financial professionals, this highlights the growing importance of specialised credit strategies and the evolving landscape of private market investments.

Employer demand for Finance and Accounting skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

What this means
for your career.

Every headline redistributes opportunity. Here is who this one rewards — and how to be on the right side of it.

This acquisition signals a maturing private credit sector where scale and specialised expertise command premium valuations. If you work in finance, focus on deepening your knowledge of credit analysis and alternative investment structures. Professionals in asset management should monitor how consolidation affects fee structures and operational efficiencies. To stay competitive, you must understand the nuances of business development companies and their regulatory frameworks. Consider upskilling in financial modelling to better value complex credit assets. Networking with peers in private equity and credit funds will also prove valuable as industry boundaries blur. Prioritise understanding risk management within leveraged finance, as this remains critical for long-term career resilience in this volatile but lucrative sector.

For this story, the fields that convert it into pay are Finance and Accounting, Financial Modeling, Risk Management Strategies and Business And Management — exactly the programmes matched below. The chart shows the indicative salary uplift certified professionals report in each of those fields; every one of them is a click away, from £79, finishing in as few as 20 days.

Indicative salary uplift in the fields matched to this story
Indicative ranges from published continuing-education salary studies, by field — each field is a recommended course below

Matched to this story

Enrol in these
to benefit.

These programmes position you for exactly this shift — online, self-paced, and finishing with a verifiable certificate you can share the day you pass.