CION Ares Diversified Credit Fund: management transactions · United States · SEC (Form 4)

About CION Ares Diversified Credit Fund

CION Ares Diversified Credit Fund (CADC) is a U.S.-listed diversified credit vehicle structured as a closed-end management investment company and operated as an interval fund under the Investment Company Act of 1940. For French-, Belgian- and Swiss-based investors, it represents a listed gateway to both liquid and illiquid credit strategies, with an emphasis on income generation, relative-value credit selection, and portfolio diversification. The fund is associated with the Ares platform, a globally recognized alternative credit manager, and CION as sponsor. CADC is traded on a major U.S. exchange, in the NYSE/NASDAQ context of American public markets, and its business address and operational footprint are centered in New York, United States, the country in which it is domiciled and managed. The fund was designed to meet investor demand for access to institutional-style credit allocation within a publicly accessible wrapper. Its stated investment objective is to seek superior risk-adjusted returns across market cycles by investing in a diversified portfolio spanning the global credit spectrum. In practical terms, that means exposure to senior secured loans, corporate debt, and other credit instruments across liquid and less liquid segments, selected through a relative-value framework. The strategy is intentionally broad and multi-sector, allowing the portfolio to spread risk across industries and issuers while aiming to preserve capital and generate regular distributable income. From a competitive standpoint, CADC sits in the broader universe of listed credit funds, business development companies, and income-oriented alternative investment products. Its differentiator is the access it offers to Ares’ origination and underwriting capabilities. The SEC filings indicate that a significant portion of the portfolio is directly originated through the Ares platform, which is important because proprietary sourcing can improve deal flow, diversification, and potentially risk-adjusted returns. That institutional origination engine, combined with CION’s sponsorship and the fund’s listed format, gives CADC a distinct market position for investors seeking exposure to private-credit style returns without investing in a traditional closed-end private vehicle. Recent disclosures are noteworthy. The fund’s 2025 semiannual and annual reports show continued asset growth, with total managed assets of about $7.3 billion as of June 30, 2025 and about $7.8 billion as of December 31, 2025. Those same reports highlight a highly diversified book, with exposure to more than 850 investments mid-year and more than 900 investments year-end, spread across 24 industries. Secured debt remained the dominant allocation, underscoring the fund’s emphasis on capital preservation and credit quality. For global investors, CADC therefore offers a U.S. credit allocation tool with a clear income objective, strong Ares-backed origination support, and the usual risks associated with leverage, credit spreads, interest-rate sensitivity, and liquidity in stressed markets.