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| Additional information |
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| Ares Management, L.P. |
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Overview:
Ares Management LLC (“Ares” or the “Firm”) is a leading global alternative asset manager and SEC registered investment adviser with approximately $68 billion of committed capital under management and approximately 700 employees.(1) The firm is headquartered in Los Angeles with offices across the United States, Europe, Asia and Australia.
Ares manages four distinct but complementary and integrated investment groups that invest in the tradable debt, private debt, private equity and real estate markets and has the ability to invest in all levels of a company’s capital structure—from senior debt to common equity. The Firm was built upon the fundamental principle that each platform benefits from being part of the greater whole. We believe the synergies from this multi-asset strategy provide our professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value. While effecting a diverse range of transaction types, we rigorously maintain a consistent credit-based approach to target well-structured investments in high quality businesses and real estate assets.
We believe our growth in becoming one of the largest loan investors and alternative asset managers in the United States is a testament to our experienced management team, focus on performance and high quality investor base, which includes large pension funds, university endowments, sovereign wealth funds, banks and insurance companies. |
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History:
Our history and track record highlight our expertise and strong fundamentals, with thoughtful, strategic expansion creating cross-platform synergies for our investors.
Credit Beginnings
In 1997, Ares was founded by a veteran team of investment professionals to pursue investment activities in leveraged loans, high yield bonds, private debt, private equity and other types of investments. After becoming an independent firm in 2002, Ares raised its first dedicated private equity and private debt funds in 2003 and 2004, respectively. The development of our Private Equity and Private Debt Groups significantly benefited from our senior professionals’ deep middle market experience and the reputation of our Capital Markets Group in the investment community. In 2004, Ares Private Debt Group created a specialty finance company, Ares Capital Corporation (“ARCC”) for corporate lending activities (NASDAQ: ARCC), which is now the largest business development company by market capitalization.
Regional Expansion and Diversification
From 2007-2009, Ares significantly expanded, investing heavily in back office infrastructure, seeding new investment products and entering Europe with capital markets and private debt investing activities. In 2010, ARCC acquired Allied Capital, creating the largest business development company by market capitalization. The Private Equity Group expanded into Asia in 2010 with the launch of its first China growth fund. Ares continued its regional expansion and product diversification in 2011 with the strategic additions of Indicus Advisors, a top tier investment manager in European leveraged finance and global structured corporate credit, and Wrightwood, a provider of debt capital to the U.S. commercial real estate sector.
Today
More recently, Ares has continued to expand its product offerings and scale up its Real Estate Group. In 2012, Ares Real Estate Group formed a specialty finance company, Ares Commercial Real Estate Corporation (“ACRE”), a real estate investment trust (REIT) to provide one-stop solutions to meet the distinct and underserved financing needs of middle-market commercial real estate (NYSE:ACRE). Additionally in 2012, the Capital Markets Group launched its first publicly traded vehicle, Ares Dynamic Credit Allocation Fund (NYSE:ARDC), a closed-end management company which invests primarily in a broad, dynamically managed portfolio of credit investments. Ares further enhanced its Real Estate Group in 2013 with the strategic acquisition of AREA Property Partners, L.P. (“AREA”), a top-tier real estate investment management firm with a 20-year track record, 50 investment professionals and a global footprint in the U.S., Europe and India. In August 2013, ACRE closed its acquisition of EF&A Funding, L.L.C., d/b/a Alliant Capital LLC, a financial services company focused on originating and servicing multi-family loans for various Government and Government-Sponsored Entities. |
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| Asset Under Management:
$68 billion |
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