Ares Management Closes $9.3B in Direct Lending Commitments in Q1/24

Funds managed by the credit group of Ares Management closed approximately $9.3 billion in U.S. direct lending commitments across 71 transactions during Q1/24 and approximately $29.6 billion in direct lending commitments across 253 transactions in the 12 months ended March 31, 2024. Below is a description of selected transactions that Ares closed during Q1/24._x000D_
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Aptean/TA Associates, Insight Partners and Charlesbank_x000D_
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Ares served as a lender for a senior secured credit facility to support the sponsors’ continued growth plans for Aptean, a provider of enterprise resource planning software primarily for small and medium-sized businesses._x000D_
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The Ardonagh Group/Madison Dearborn Partners and HPS Investment Partners_x000D_
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Ares served as the administrative agent and lead arranger for multicurrency senior secured term loans split across USD, EUR and AUD tranches to support continued growth plans for Ardonagh, a global insurance broker with a diversified set of capabilities across distribution, wholesale and underwriting services._x000D_
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Artivion_x000D_
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Ares served as the administrative agent, sole lead arranger and sole book runner for a senior secured credit facility to support the growth plans of Artivion, a company involved in manufacturing, processing and distributing medical devices and implantable human tissues used in cardiac and vascular surgical procedures for patients with aortic disease._x000D_
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Banyan Software Holdings_x000D_
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Ares served as the administrative agent, sole lead arranger and sole bookrunner for a senior secured credit facility to support the growth plans of Banyan, which owns and operates vertical software business units._x000D_
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Broadcast Music Inc. (BMI)/New Mountain Capital_x000D_
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Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support New Mountain Capital’s acquisition of BMI, a performing rights organization that protects the rights of and advocates for more than 1.4 million songwriters, composers and music publishers._x000D_
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Clarience Technologies/Genstar Capital_x000D_
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Ares served as a joint lead arranger and joint bookrunner for a senior secured credit facility to support the acquisition of Safe Fleet by Clarience Technologies, a Genstar portfolio company. Clarience Technologies is a manufacturer of safety lighting, wiring harnesses, telematics systems, fuel filtration devices and other safety accessories for a variety of commercial vehicle end markets._x000D_
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Computer Services Inc. (CSI)/Centerbridge Partners, Bridgeport Partners and TA Associates_x000D_
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Ares participated in an incremental senior secured credit facility to support the sponsors’ continued growth plans for CSI, an infrastructure software provider to community and regional banks in the U.S._x000D_
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ENTRUST Solutions Group/Kohlberg & Company_x000D_
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Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support the continued growth of ENTRUST, a consulting and engineering services platform serving the utility and infrastructure end markets by providing consulting, design and engineering services._x000D_
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Equinox Holdings_x000D_
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Ares served as a lender for a senior secured credit facility to support future growth of Equinox, which operates upscale, full-service health clubs that offer a selection of branded programs, services and products, including strength and cardio training, group fitness classes, personal training, spa services and other products._x000D_
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Nelipak Healthcare Packaging/Kohlberg & Company_x000D_
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Ares served as the administrative agent, joint lead arranger and joint bookrunner for a senior secured credit facility to support Kohlberg’s continued growth plans for Nelipak Healthcare Packaging, a global manufacturer of rigid and flexible packaging solutions for medical device, pharmaceutical drug delivery and other demanding applications._x000D_
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Premise Health/OMERS Private Equity_x000D_
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Ares served as the administrative agent and lead arranger for a senior secured credit facility to support OMERS Private Equity’s continued growth plans for Premise Health, a provider of employer-sponsored onsite health clinics/pharmacies and digital wellness solutions._x000D_
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The Ultimus Group/GTCR_x000D_
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Ares served as a joint lead arranger and joint bookrunner for a senior secured credit facility to support GTCR’s continued growth plans for Ultimus, a privately-owned fund administrator with capabilities spanning fund administration, accounting, transfer agency and shareholder services.