Private Credit Woes Aren’t a Repeat of Financial Crisis, Bank of America Analysts Say

The recent selloff in firms tied to the private credit industry threw Ares Management Corp. “out with the bathwater,” according to BofA Securities Inc.

The rout in alternative asset manager stocks is an overreaction “to mainly a few minor data points,” BofA analysts led by Craig Siegenthaler said Wednesday. That, they added, is a “fire sale opportunity to buy Ares.”