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TechCrunchKodiak AI sold shares at $6.50 each, below its $9.10 closing price, in a financing round led by existing investor Ares Management. The company reported first-quarter revenue of $1.8 million and an operational loss of $37.8 million while announcing new commercial deals and progres…
Substrate placeholder — needs reviewAres Management is preparing a new flagship US direct lending fund that is smaller than its previous $33.6 billion vehicle. The firm aims to speed up capital deployment with this approach. The move reflects adjustments in the private credit market amid ongoing fundraising dynamic…