Ares Management related stories
All articles and analysis
Ares ventures into the cloudMassachusetts-based Sonian, a tech company that handles cloud-based archiving, has lined up a $7.5 million venture debt financing from Ares Capital Corporation.
- BlackRock appoints underwriter from Ares
The firm’s US Private Capital Group has named Michael Zugay to a new post of head of investments in New York.
- Ares real estate president and CEO Todd Schuster resigns
Partner John Jardine has been appointed president and co-chief executive, while chairman Robert Rosen is serving as co-chief executive temporarily.
- Comvest sets up shop in the Windy City
The equity and debt firm has hired a principal from Golub Capital bringing the Chicago office headcount to three.
- GE Capital healthcare unit goes to Capital One
The Virginia-based lender will acquire GE Capital Healthcare Financial Services for $9 billion including $8.5 billion worth of healthcare-related loans.
- Ares sounds fundraising bell
President Michael Arougheti calls GE Capital’s exit from the market “a net positive” during the firm’s second quarter results call.
- Twin Brook hires underwriter from Ares
Betsy Booth, who spent the past year as a senior associate at Ares Management, is a former colleague of the Twin Brook executives, having worked with them at Madison Capital.
- Chart of the week: European vs North American private debt strategies since 2014
The European market is dominated by senior debt strategies, while North American investments are in favour of mezzanine debt.
- Ares Kayne to form $113bn alternatives manager
The $2.55 billion deal will create one of the largest alternative asset managers. The combined firm will focus on a management fee earning model.
- Madison Capital loses another senior director
Senior managing director Devon Russell left the firm this week, joining a growing list of executives who have departed the Chicago-based lender in recent years. But the firm has just announced that it has appointed a new head of mezzanine credit who joins from subordinated debt specialist, Sankaty Advisors.