Ares Management has purchased Wrightwood Capital, a real estate debt investment firm, Pensions & Investments reports. The financial terms of the transaction were not disclosed. Ares Commercial Real Estate, which is part of Ares’ private debt group, will manage Wrightwood’s $1.2 billion in assets under management. Bruce Cohen, who formerly served as CEO at Wrightwood, has been named senior partner at Ares’ private debt group.

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