January 3, 2017 / 10:49 PM / 8 months ago

BRIEF-Ares Management says will earn transaction fee of about $3 bln

Jan 4 (Reuters) - Ares Management Lp

* Ares management extends market-leading position in direct lending asset class through support of Ares Capital Corporation's acquisition of American Capital, Ltd.

* Ares Management Lp - it will begin earning fees on approximately $3 billion of incremental aum Source text for Eikon: Further company coverage:

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