Joel Holsinger has joined Ares Management’s Credit Group as co-head of Alternative Credit.

Holsinger will serve on the Ares Management Committee and work alongside Keith Ashton as co-head of Alternative Credit to expand the firm’s global coverage of the $4 trillion alternative credit sector. Ares Management’s Alternative Credit strategy pursues asset-focused direct investments primarily in North America and Europe across a spectrum of specialty assets, real assets and financial assets.

“We are very excited about our substantial and growing presence in the alternative credit sector, and we see similarities between today’s alternative credit market opportunity and the direct lending market opportunity of ten years ago,” said Michael Arougheti, co-founder, chief executive officer and president of Ares. “Under Keith and Joel’s leadership, we believe this strategy will be well-positioned to have a similar growth trajectory for Ares in the years ahead.”

Holsinger was previously a partner with Fortress Investment Group, where he served on the management committee and investment committee for its credit funds. Prior to that, he was a founding partner of Atalaya Capital Management, where he co-headed the investment committee.