James Kim joined Ares Management Corporation as a partner and head of European special opportunities in Ares’ private equity group. Based in London, Kim will lead Ares’ special opportunities activities in Europe.
Funds managed by the alternative credit strategy and real estate group of Ares Management acquired Capital Automotive from a Brookfield private real estate fund for $3.8 billion.
Philip Moore, Alessandro Luca and Anisa Dudhia joined Ares Management to expand its real estate debt presence in Europe.
Ares Management closed on the acquisition of two portfolios consisting of 75 industrial properties totaling 11.9 million square feet. The properties were purchased from two different sellers at an aggregate purchase price of approximately $1.7 billion.
Ares Management closed Ares Senior Direct Lending Fund II. The fund is more than 2.6 times the size of its 2018 predecessor fund of $3 billion. Including anticipated leverage, the total capital base for the fund is expected to be approximately $14 billion.
Funds managed by Ares Management’s alternative credit and U.S. direct lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage.
Thoma Bravo completed its acquisition of Stamps.com for approximately $6.6 billion in cash. Blackstone Credit, credit funds managed by Ares Management, PSP Investments Credit II and Thoma Bravo Credit provided debt financing for the transaction.
Funds managed by Ares Management’s credit group closed on a $150 million preferred equity investment in Inter Miami CF.
Ares Commercial Finance provided a $20 million senior secured revolving line of credit to Trading Technologies International.
Ares SSG, an Asia-Pacific alternative asset manager, closed its third Secured Lending Opportunities Fund III (SLO III), achieving capital commitments of more than $1.6 billion, which Ares believes is the largest pan-Asian secured lending fund to date.