Ares Commercial Finance marked 10 years as the commercial finance platform of Ares Management.
The evolution of the platform began with the acquisition of Keltic Financial Services in 2014 and was further augmented with the acquisition of the First Capital asset-based portfolio in 2015. Since the original acquisition, ACF has grown commitments at a 30.0% CAGR with total commitments of ~$2.0 billion as of March 31, 2024.
Through the years, ACF has expanded the team to over 40 full time employees, increased its footprint to eight offices and enhanced its product suite to include asset-based, asset-backed and priority cash flow revolvers and term loans, in addition to stretch ABL/FILO term loans, trade receivables securitizations, supply chain financings and equipment finance products.
“Ares Commercial Finance has experienced sustained growth over its 10-year history, a result of the power of the Ares platform, our experienced team of professionals and our ability to respond to changing market conditions,” Ryan Cascade, partner and head of Ares Commercial Finance, said. “I want to take this opportunity to thank and congratulate our entire team on what we have accomplished to date. Along with our partners, referral sources and borrowers, we should all be proud of what we have achieved together—and hopefully the best is yet to come.”
