Ares Management formed Ares Wealth Management Solutions, which will oversee activities across Ares’ investment offerings in the global wealth management channel. Ares named Raj Dhanda global head of wealth management and leader of the new division.
Tiger Group and Liquidity Services reported that bidding is underway in the timed online auction of more than 300,000 feet of line pipe formerly owned by Fort Morgan, CO-based Catamount Oilfield Services.
White Oak Global Advisors completed fundraising for White Oak Yield Spectrum Fund V and other associated vehicles with more than $1.3 billion of total committed capital. An additional commitment of up to $1 billion was received for investments in specialty finance with a focus on asset-based lending.
New Mountain Capital, which manages more than $35 billion across private equity, credit and net lease real estate, closed its latest direct lending fund, New Mountain Guardian III BDC, with approximately $1.15 billion of capital commitments from investors.
The Kevin P. Martin & Associates (KPM) team — a Massachusetts-based accounting, consulting and tax firm — joined CohnReznick. Adding approximately 100 people, the combination puts CohnReznick among the top 10 firms in Massachusetts.
Ares Management closed Ares Private Credit Solutions II (APCS II). APCS II was oversubscribed, gaining $5.1 billion of commitments compared with its $4 billion target, and is approximately 50% larger than its 2017 predecessor fund.
Consulting Magazine named Stella Mendes, a senior managing director in FTI Consulting’s forensic and litigation consulting segment, and Caroline Parker, a managing director in FTI Consulting’s strategic communications segment, to its Women Leaders in Consulting 2021 list.