Please provide details on by submitting the form below, or post on facebook comments. Ares Direct Lending Fund Closes with $3B in Total Commitments. This page includes all SEC registration details as well as a list of all documents (S-1, Prospectus, Current Reports, 8-K, 10K, Annual Reports) filed by Ares Management Corp. Ares Management Corp is an asset management company based in the United States. Commercial Trailer Leasing is … Ireland. Ares Multi-Credit Fund LLC of DELAWARE: 0001774265: Ares Holdings L.P. of DELAWARE: 0001490706: Ares EPIC Co-Invest Cayman Feeder A1, L.P. of CAYMAN ISLANDS: 0001766443: Ares Senior Direct Lending Fund (Cayman) B, L.P. of CAYMAN ISLANDS: 0001744451: Ares Senior Direct Lending Fund (Delaware), L.P. of DELAWARE: 0001744407 Ares Senior Direct Lending Parallel Fund (U) II, L.P. (LEI# 549300HL1Z7Z7MW4XI40) is a legal entity registered with Business Entity Data B.V.. We are a global alternative investment manager that has generated cycle-tested performance for investors since our inception in 1997. Title: Authorized Signatory [Signature Page to Amendment No. AI Fire/ Snow Phipps Group. Prior to partnering with Saif Mansour in 2014, Eric spent 16 years as a senior investment professional at Ares Management in direct lending and private equity. My experience as a mid-level at a big name firm in the Direct Lending space (Nyc): 2nd Yr Associate: $125k Base, $165k bonus. Firms such as Alcentra built up its European team and Crescent Capital Group raised $1.7 billion for a specialty lending fund in April. Ares Management closed its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund (SDL), with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target in L.P. commitments. The fund will focus on … Satisfy Disclosure with Material News Distribution. Executives reviewed more than 2,400 transactions for direct lending transactions in the U.S. and Europe, Michael Arougheti, Ares CEO and president, said in an email. Pay seems to be comparable if not better than what ive heard first year PE guys making, and lifestyle seems much better. 3 Vital Steps for Essay Writing. ARES SENIOR DIRECT LENDING MASTER FUND DESIGNATED ACTIVITY COMPANY, By: Ares Capital Management LLC, its investment manager. (1) (1) Affiliates of Ares Management Corporation serve as investment advisers to our publicly traded funds. Our publicly traded funds are listed on the NYSE (ACRE and ARDC) or NASDAQ (ARCC) and are available through a broker or dealer that is properly registered to offer closed-end funds. Funds managed by Ares … Associate 3 in PE - LBOs. Orchard Supply Hardware has drawn down approximately $56 million of the revolving credit facility. Associate, Product Management and Investor Relations, Private Equity; R1829; Century City, CA, More... Corporate Accounting Senior Associate (GL Reporting) Ares Credit Strategies Feeder Fund III L.P. Ares Credit Strategies Feeder III UK, LP: Ares Credit Strategies Fund III, L.P. Ares CSF III Luxembourg SARL: Ares Private Debt Strategies Fund III, L.P. Army and Air Force Canteen Service (Board) Asbestos Safety and Eradication Agency Council: ASC AWD Shipbuilder Pty Ltd: ASC Modules Pty Ltd Fortress was founded as a private equity firm in 1998 by Wes Edens, Rob Kauffman, and Randal Nardone. (2) Represents ARCC's portion of … Ares Management’s business development corporation (BDC), Ares Capital Corporation (ARCC), formerly operated a lending program entitled the Senior Secure Loan Program (SSLP) through a joint venture with Antares Capital—a company owned by … Ares Management Corp said Jan. 2 that its inaugural, commingled U.S. senior direct lending fund closed on $3 billion of total commitments. A unmatched duo When Ares Capital acquired its share of the Senior Secured Loan Fund in 2009, it was relatively small fry. Name: Scott Lem: Title: Authorized Signatory [Signature Page to the Third Amendment to Credit Agreement] Ares Senior Direct Lending Pareallel Fund (L), L.P. It offers investors with investment-related advice and strategies for capital growth. Ares Senior Direct Lending Fund (Delaware), L.P. - Most recent fund raising on January 3, 2019 raised $620,189,000 in Equity Investment Banking Interview Questions. What We Provide. The Fund held its final closing with $3.4 billion of total commitments, which exceeded the initial fundraising target of $2.5 billion. Firm: Ares Headquarters: Los Angeles, CA. Ares Management Fund to Acquire Loan Portfolio from First Capital Holdings, Inc. ... Senior Partner in the Ares Direct Lending Group. For Immediate Release 7 April 2020. Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds. By James Williams – “Now is a good time to be a direct lending manager. European direct lending has seen expansion, with a compound annual growth rate of 29% from 2016-2018, but there can be a significant runway for growth as the market continues to consolidate and if these businesses continue to thrive. European Loan Programme Ares Management 2014 3,189 ... Hayfi n Direct Lending Fund II Hayfi n Capital Management 2,564 2016 Raising Europe ... Audax Senior Loan Fund III Audax Senior Debt 1,300 2016 Raising US Pemberton Mid-Market European Debt The address is 12th Floor, 2000 Avenue of the Stars, Los Angeles, US-CA, 90067, US. Overview; CLOs; Capital Four adds three to new US CLO/high yield team 18 hours ago; Five Arrows completes first reset of post-covid CLO from 2020 1 day ago; No summer slowdown for US CLO refis as July volume passes $2.7 billion 1 day ago; Mizuho hires CLO specialist as MD in New York 1 day ago; US CLO manager returns to primary market with first new issue in 18 months 2 days ago Blair Jacobson of Ares Management, an asset manager, says that the pummelling banks took in the global financial crisis “turbocharged” the direct-lending industry. Direct lending is a term meant to describe a transaction where a lending source directly provides a loan to the borrower without the use of an intermediary. 2 SP LOS ANGELES– (BUSINESS WIRE)–Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its fifth commingled European direct lending fund, Ares Capital Europe V (“ACE V” or “the Fund”) at €11.0 billion, representing the largest European direct lending fund raised to date. Senior Direct Lending Program LLC is one of the larger private funds with 1.3 billion in assets. The SSLP partnership wasn’t included in the Canada Pension Plan Investment Board’s $12 billion purchase of Antares, which was announced on June 9. The … The Indicus name was a carry-over from Ares’s 2011 acquisition of Indicus Advisors, as Buyouts reported. Our LC TM Marketplace Platform has helped more than 3 million members get over $60 billion in personal loans so they can save money, pay down debt, and take control of their financial future. Ares Management has closed a $3.4 billion direct lending fund that will provide junior financing to companies backed by private equity firms. (the "Issuer") RE: Up to USD 5,000,000,000 Class A1 Notes (ISIN CODE: IE00BF2NCQ13) Up to USD 5,000,000,000 Class A2 Notes (ISIN CODE: IE00BF2NCS37) By: /s/ Scott Lem. Ares Dynamic Credit Allocation Fund (NYSE: “ARDC”) is a closed end management investment company that seeks to provide an attractive level of total return, primarily through current income and, secondarily, through capital appreciation. Oaktree is a values-driven firm and we demonstrate integrity in all that we do. Los Angeles-based Ares closed on $1.6 billion by the end of the third quarter for its Ares Senior Direct Lending Fund and has closed on $600 million since quarter’s end. Ares Management closed its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund, with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target. Ares Senior Direct Lending Master Fund Ii Designated Activity Company was set up on Monday the 26th of April 2021. Website Ares Management’s business development corporation (BDC), Ares Capital Corporation (ARCC), formerly operated a lending program entitled the Senior Secure Loan Program (SSLP) through a joint venture with Antares Capital—a company owned by … Note that the information provided will be posted publicly on this web page. Experienced Management. Global alternative asset manager Ares Management said on the firm’s August 2 second quarter earnings call that it raised US$1.4bn in a first close of a new US senior direct lending fund … If you fall short in your essay writing task, then it will make your readers disappointed, and at … Ms. Kittler has more than 20 years of experience in banking including SBA, commercial lending, and relationship management. 2019. Fortress Investment Group is an American investment management firm based in New York City. Ares Management has closed a $3.4 billion direct lending fund that will provide junior financing to companies backed by private equity firms. Their current partial address is Dublin 2, and the company status is Normal. Ares Management Corp. said it raised around $3 billion for its first commingled U.S. senior direct lending fund, ahead of the fund’s $2 billion target. There is currently no minimum investment for Senior Direct Lending Program LLC. The most recent ICOF fund, Ares ICOF III, closed on $405.2 million of its $500 million target in 2017, according to sister title Private Debt Investor. Ares Senior Direct Lending Parallel Fund (U) II, L.P. 245 Park Avenue, 44th Floor, New York, US-NY, 10167, US: 2021-05-17: ARES SENIOR DIRECT LENDING PARALLEL FUND (U) FEEDER II, L.P. 2000 Avenue of the Stars, 12th Floor, Los Angeles, US-CA, 90067, US: 2021-04-30: AUSTRALIAN INFRASTRUCTURE SENIOR DEBT AND CASH MASTER FUND NO. We believe that our people are our most important asset and because of this we are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Direct Lending Commitments Approximately $3.6 Billion in New U.S. Feb 14, 2021 - 1:58am. “We have a … 3rd Yr Associate: $145k Base, $195k bonus. Ares expects the amount of investible capital to be closer to $5 billion with anticipated leverage. These strategies include syndicated loans, high yield bonds, institutional and alternative credit, as well direct lending. syndicated loan markets. (1) At fair value. Ares Management. Senior Direct Lending Program LLC is an alternative asset fund operated by Ares Capital Management Llc and has approximately $1.3 billion in assets. Ares Management closed its inaugural US senior direct lending fund in January, which was heavily oversubscribed and raised around US$3bn … Direct lending has been popular in 2020 among investors. Think of it as a mix between distressed debt and equity investing, event-driven hedge funds, and specialized lending (e.g., mezzanine or direct lending). The PE firm began fundraising for its second European direct lending fund over a year ago. But what’s the context? Ares Senior Direct Lending Master Fund DAC. Industry: Pooled Investment Fund (See others in industry) Address: C/O Ares Management Llc 245 Park Avenue, 44 Th Floor New York, NY, 10167Phone: 212-750-7300. Ares is currently searching for a highly motivated, detail-oriented team player to join as an Associate in the U.S. Ares Management Closes Inaugural Junior Capital Direct Lending Fund at $3.4 Billion Final Close Well in Excess of Initial $2.5 Billion Target December 21, … Ares has one of the largest global direct lending teams with over 170 investment professionals in 12 offices throughout the United States and Europe. 76 Lower Baggot Street. 76 Lower Baggot Street. The Ares European direct lending platform is part of the Credit Group at Ares, which manages approximately $60.0 billion in global assets under management as of March 31, 2016. Sears Holdings Closes Transaction With Ares Management Fund for Investment in Orchard Supply Hardware ... consisting of a $130 million senior secured revolving credit facility and a $120 million commercial mortgage-backed loan. Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. CC Mindy Georges https://flic.kr/p/6amPm2. Ares - Credit / Direct Lending (NY) (Originally Posted: 10/12/2017) Seem to be the domiate direct lender in the space but curious what this forum's thoughts are on the group. Current role: Co-founder and CEO of Ares Management, an about $80 billion investor in credit, direct lending, private equity and real estate. obtain senior secured, non‐investment grade loans from a group of arrangers (often led by commercial or investment banks) who sell the loans to other institutional investors, including CLOs and private funds, and (2) the middle market in which BDCs and direct lending fund managers finance small Searchlight Capital Partners UK, LLP is registered with the Financial Conduct Authority (FCA) for its activities in the UK and EU. Including anticipated leverage, the total capital for SDL is expected to be approximately $5 billion. We are a long-term, value oriented direct lender, targeting companies with a history of stable cash flows, … Direct Lending. (the "Issuer") RE: Up to USD 5,000,000,000 Class A1 Notes (ISIN CODE: IE00BF2NCQ13) Up to USD 5,000,000,000 Class A2 Notes (ISIN CODE: IE00BF2NCS37) Ares Senior Direct Lending Fund II Rated Notes Feeder LLC. Ares Management Corporation Highlights First Quarter U.S. Ares Management, L.P. announced that it has held the final close for its junior capital direct lending fund, Ares Private Credit Solutions. Excludes sales within one year of origination, $1.8 billion of investments acquired from Allied Capital on April 1, 2010 and $2.5 billion of investments acquired from American Capital on January 3, 2017. The address is 245 … Ares saw a year-on-year spike in dry powder as well, increasing from $26.76 billion to $35.05 billion on the back of closes of its €6.5 billion Ares Capital Europe IV direct lending fund and $3 billion for the Ares Senior Direct Lending Fund. The new fund’s target is four times that of its … Dublin 2. Ares Direct Lending Fund Closes with $3B in Total Commitments. Ares Capital paid just $165 million for its share of the joint venture. The total surpassed the 4.5 billion euro target of Ares Capital Europe IV. step up, PIK et cetera) and also make sure you can model ECFS. Ares Multi-Credit Fund LLC of DELAWARE: 0001774265: Ares Holdings L.P. of DELAWARE: 0001490706: Ares EPIC Co-Invest Cayman Feeder A1, L.P. of CAYMAN ISLANDS: 0001766443: Ares Senior Direct Lending Fund (Cayman) B, L.P. of CAYMAN ISLANDS: 0001744451: Ares Senior Direct Lending Fund (Delaware), L.P. of DELAWARE: 0001744407 Ares manages roughly $96bn in credit assets across 156 funds around the world. Ares leads the alternative asset management industry as the first to shift its structure from a partnership to a corporation. Since inception in 2004 and through September 30, 2018, the U.S. direct lending team has invested over $42 billion in U.S. senior debt investments across more than 960 loans through various market cycles. When Fortress launched on the NYSE in February 2007, it was the first large private equity firm in the US to be traded publicly. As of March 31, 2021, the Senior Direct Lending Program, LLC (the "SDLP") had loans to 21 different borrowers. 3 (rd) Floor. 8. Ares has one of the largest global direct lending teams with over 170 investment professionals in 12 offices throughout the United States and Europe. Geographic Composition. Anonymous. Ares Senior Direct Lending Fund (Delaware) II, L.P. /s/ Donald J. Puglisi: Donald J. Puglisi: Director of the Issuer's General Partner: 2021-06-23: Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number. Sixth Street Specialty Lending is a specialty finance company focused on providing flexible, fully committed financing solutions to middle-market companies principally located in the US. Liquidity Fund: Pursuant to the Loan Agreement, TVLC will establish and maintain a Liquidity Fund relating to the senior Bonds. Ireland. Also, AIG, a … Its first fund, GSO European Senior Debt Fund, raised $1.9bn in 2015 and had a … The … Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Senior Direct Lending Program LLC is an alternative asset fund operated by Ares Capital Management Llc and has approximately $1.3 billion in assets. ARES SENIOR DIRECT LENDING MASTER FUND II DESIGNATED ACTIVITY COMPANY : 245 Park Avenue, 44th Floor, New York, US-NY, 10167, US: 2021-05-17: ASME HOLDINGS I, L.P. 245 Park Avenue, 44th Floor, New York, US-NY, 10167, US: 2021-05-14: AP ASSET ACQUISITION LLC : It manages more than $100 billion, of which approximately two-thirds is across a variety of credit strategies with more than half of that – around $41 billion – is direct lending. The new senior direct lending joint venture, announced June 17, ends uncertainty about whether Ares Capital would continue working with Antares on their jointly run senior secured loan program. Direct Lending Definition: Direct lending funds provide loans to middle-market companies that are originated and held by the lender rather than broadly syndicated; they are typically illiquid, senior secured loans with 5-7-year maturities and floating coupon rates, and returns expectations are in the high single digits to low double digits. By Michelle D'souza. Ares Management Corporation Highlights First Quarter U.S. There is currently no minimum investment for Senior Direct Lending Program LLC. Ares Senior Direct Lending Fund, Ares’ first commingled US senior direct lending fund, closes at $3 billion. The Ares-Varagon effort marks the … A comprehensive list of companies available on stock exchanges that can be browsed alphabetically, by sector, or by country. This type of “direct lending” is accomplished by going directly private equity sponsors or to Continuing with the ABC Carpet example, a Special Situations Group (SSG) might approach the deal differently by acting as a new lender. We believe this approach enables us to identify attractive investment opportunities throughout economic cycles and across a company’s capital structure so we can make investments consistent with our investment objectives and preserve principal while seeking appropriate risk adjusted return opportunities. Ares, which has $227 billion in assets under management, also said it provided a senior secured credit facility to a television studio equipment rental business in North America it didn’t name. ARCC is a market-leading Business Development Company and one of the largest direct lenders in the U.S. (1) Helping Businesses. Ares Management Corporation announced the final closing of its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund (SDL). Authored by: Certified Private Equity Professional - … Filings. 2] ARES SENIOR DIRECT LENDING PARALLEL FUND … LendingClub is America’s largest lending marketplace, connecting borrowers with investors since 2007. Ares Management closed its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund, with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target. Ares Management Corporation announced the final closing of its inaugural, commingled U.S. senior direct lending fund, Ares Senior Direct Lending Fund (SDL). ARES CREDIT STRATEGIES INSURANCE DEDICATED FUND SERIES OF SALI MULTI-SERIES FUND, L.P., as a Lender: By: Ares Management LLC, its investment subadvisor: By: Ares Capital Management LLC, as subadvisor: By: /s/ Mark Affolter. Direct Lending Commitments … Focused Objectives. CION Ares Diversified Credit Fund (CADC) is a continuously offered, diversified, unlisted closed-end management investment company that is structured as an interval fund.The fund’s investment objective is to provide superior risk-adjusted returns across various market cycles by investing in a globally diversified portfolio of liquid and illiquid credit assets. Ares Management, L.P. announced that it has held the final close for its junior capital direct lending fund, Ares Private Credit Solutions. Ares Management is one of the world’s largest alternative credit managers and direct lenders. Meet disclosure and compliance requirements, reach your shareholders worldwide, and increase visibility among investors by with GlobeNewswire distribution options for financial and material information. Richard … Financing to middle-market corporate borrowers across a range of industries, as well as project finance, vendor finance and commercial finance (asset-based and cash flow loans to small and middle-market companies). The fund provides primarily first-lien senior secured loans, mezzanine debt, non-control structured equity and common equity. ARES SENIOR DIRECT LENDING MASTER FUND DESIGNATED ACTIVITY COMPANY, as an Additional Delayed Draw Term Lender By: Ares Capital Management LLC, its investment manager By: /s/ Scott Lem Name: Scott Lem Title: Authorized Signatory ARES SENIOR DIRECT LENDING PARALLEL FUND (L), L.P., as an Additional Delayed Draw Term Lender LBO with various type of debt (e.g. Name: Scott Lem. Ares Senior Direct Lending Fund (Cayman) II-A, L.P. - Most recent fund raising on June 24, 2021 raised Unknown in Other Ares, which has $227 billion in assets under management, also said it provided a senior secured credit facility to a television studio equipment rental business in North America it didn’t name. Shanton Kittler is the Senior Vice President and SBA Lending Manager at MainStreet Bank. With strong investor support, ACE … Ares Capital is a big-dividend (8.0% yield) business development company that has rebounded dramatically since the initial depths of the pandemic selloff in 2020. CC Mindy Georges https://flic.kr/p/6amPm2. Firms such as Alcentra built up its European team and Crescent Capital Group raised $1.7 billion for a specialty lending fund in April. Ares Dynamic Credit Allocation Fund (NYSE: “ARDC”) is a closed end management investment company that seeks to provide an attractive level of total return, primarily through current income and, secondarily, through capital appreciation. Cover Letter for Jobs This year, Ares marks the 20th anniversary of its founding in 1997. Ares Management has raised one of the largest European direct lending funds on record and, with leverage, the fund expects to have a whopping €15 billion to deploy. Certain Private Funds offered through Ares Investor Services LLC (Member FINRA / SIPC), a wholly-owned subsidiary of Ares Management LLC | Business Continuity Plan Our publicly traded funds are listed on the NYSE (ACRE and ARDC) or NASDAQ (ARCC) and are available through a broker or dealer that is properly registered to offer closed-end funds. Our Business. Ares Senior Direct Lending Master Fund Designated Activity Company: Ares Capital Management LLC, its investment manager: By: /s/ Scott Lem.