Private Credit

CION Ares Diversified Credit Fund

Formation2016

CategoryInterval Fund

SEC Filing ↗

Net Assets

$5.1B

NAV YoY

+24%

Portfolio Composition

Investment Type

US Direct Lending

51.90%

Syndicated Loans

17.70%

European Direct Lending

10.30%

CLO Equity

6.50%

Private Asset-Backed

4.00%

CLO Debt

3.10%

Opportunistic

3.00%

High Yield Bonds

2.60%

Infrastructure Debt

0.70%

Cash

0.20%

Geography

United States

72.10%

Broader North America

11.30%

Broader Europe

9.20%

United Kingdom

6.00%

Other

0.80%

Australia

0.50%

Portfolio composition data sourced from regulatory filings.

Sekond Intelligence

Liquidity RiskB+

Fee Impact1.45%

Quality of Return1.6x

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Deeper Analysis

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Reported as of September 2025

Principal Portfolio Holdings

Holding	Value	Allocation
Denali Intermediate Holdings, Inc. - Denali Intermediate Holdings, Inc./Initial Term Loan 8/25	$67.1M	1.32%
FEH Group, LLC. - FEH Group, LLC/Class A Common Interest 12/24	$65.1M	1.28%
Global Music Rights, LLC - Global Music Rights, LLC/Term Loan 12/24	$64.4M	1.27%
Proprietary Exposure	---	---
Proprietary Exposure	---	---

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About This Fund

The CION Ares Diversified Credit Fund is a '40 Act registered closed-end interval fund managed by CION Ares Management. It invests primarily in directly originated loans, syndicated loans, corporate bonds, asset-backed securities, and commercial real estate debt. The fund targets below-investment-grade credit instruments across global markets. It employs leverage through credit facilities and preferred shares. The fund offers quarterly limited liquidity through repurchase offers and aims to provide superior risk-adjusted returns across market cycles.