Ares Management Special Opportunities Team to Join its Global Credit Group
2024年2月26日 - 8:30PM
ビジネスワイヤ(英語)
Move Expected to Enhance Collaboration Across
Ares’ Leading Credit Platform
Aaron Rosen and Craig Snyder Named Co-Heads of
Opportunistic Credit
Ares Management Corporation (NYSE: ARES) today announced that
its Special Opportunities strategy, currently a business within its
Private Equity Group, will be joining the firm’s Credit Group and
will be named Opportunistic Credit. Moving the strategy to the
Credit Group is expected to enable greater collaboration across the
Ares platform, enhancing benefits to Ares’ limited partners,
sponsor partners and portfolio companies.
The Opportunistic Credit team will build on the accomplishments
of the Special Opportunities strategy and leverage the experience
and broad direct origination network across the firm’s leading
global Credit platform. The team will continue to partner with
healthy companies and businesses in need of transitional capital
and provide flexible debt and non-control equity solutions to both
private and public companies. This multi-strategy approach seeks to
fill the void between for-control private equity and more
traditional direct lending and emphasizes differentiated deal flow
through direct origination.
“As industry dynamics continue to evolve, we are seeing an
expanding investment opportunity for private lenders who can
deliver creative and flexible debt and structured equity solutions
to middle market companies,” said Kipp deVeer, Head of the Ares
Credit Group. “Aligning our Special Opportunities team with our
industry-leading global Credit Group is intended to further ensure
that we are maximizing our broad origination capabilities,
deepening our long-standing sponsor relationships and optimizing
our underwriting, structuring and portfolio management experience,
all of which we believe will benefit our fund investors.”
The Opportunistic Credit team will be led by Aaron Rosen and
Craig Snyder, who serve as Co-Portfolio Managers of Special
Opportunities and have been instrumental to the growth of that
strategy since it launched. Mr. Rosen and Mr. Snyder have been
involved in the leadership of the team and its day-to-day
operations since 2018 and they will continue to be supported by
long-tenured team members, including Felix Bernshteyn, Brad
Friedman, James Kim and Matt Underwood. The team has approximately
30 dedicated investment professionals in the United States and
United Kingdom.
“Bringing the Special Opportunities business under the Credit
Group umbrella is designed to enhance our investing capabilities
and create value for our portfolio companies and our investors,”
said Mr. Rosen.
“We are extremely proud of the accomplishments of the Special
Opportunities business to date and look forward to working even
more closely with our colleagues in Credit and across the Ares
platform to take advantage of the growing market opportunity,”
added Mr. Snyder.
Adjusted for this change, the Ares Credit Group had
approximately $300 billion in assets under management with
approximately 490 investment professionals operating across the
U.S., Europe and Asia Pacific as of December 31, 2023. The
Opportunistic Credit strategy will be reflected within the Ares
Credit Group in Ares’ public reporting, effective March 31,
2024.
Forward-Looking Statements
Statements included herein contain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), which
reflect our current views with respect to, among other things,
future events, operations and financial performance. You can
identify these forward-looking statements by the use of
forward-looking words such as “outlook,” “believes,” “expects,”
“potential,” “continues,” “may,” “will,” “should,” “seeks,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates,”
“foresees” or negative versions of those words, other comparable
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factual matters. The forward-looking statements are based on our
beliefs, assumptions and expectations of our future performance,
taking into account all information currently available to us. Such
forward-looking statements are subject to various risks and
uncertainties and assumptions relating to our operations, financial
results, financial condition, business prospects, growth strategy
and liquidity. Actual results may vary materially from those
indicated in these forward-looking statements as a result of a
number of factors, including those described from time to time in
our filings with the Securities and Exchange Commission. Ares
Management Corporation does not undertake any obligation to
publicly update or review any forward-looking statement, whether as
a result of new information, future developments or otherwise,
except as required by law.
Nothing in this press release constitutes an offer to sell or
solicitation of an offer to buy any securities of Ares or an
investment fund managed by Ares or its affiliates.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global
alternative investment manager offering clients complementary
primary and secondary investment solutions across the credit,
private equity, real estate and infrastructure asset classes. We
seek to provide flexible capital to support businesses and create
value for our stakeholders and within our communities. By
collaborating across our investment groups, we aim to generate
consistent and attractive investment returns throughout market
cycles. As of December 31, 2023, Ares Management Corporation's
global platform had approximately $419 billion of assets under
management with approximately 2,850 employees operating across
North America, Europe, Asia Pacific and the Middle East. For more
information, please visit www.aresmgmt.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240223254903/en/
Investor Relations Carl Drake, 888-818-5298
cdrake@aresmgmt.com Greg Mason, 888-818-5298
gmason@aresmgmt.com
Media Priscila Roney, 212-808-1185 Brittany Cash,
212-301-0347 media@aresmgmt.com
Ares Management (NYSE:ARES)
過去 株価チャート
から 4 2024 まで 5 2024
Ares Management (NYSE:ARES)
過去 株価チャート
から 5 2023 まで 5 2024