Ares Management Corporation Archives - Page 2 of 3

Ares SSG Completes Third Secured Lending Opportunities Fund at $1.6B

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.

July 30, 2021 Ares Management Corporation | Ares SSG | Edwin Wong | Michael Arougheti Ian Koplin

Ares Provides $10MM Revolving LOC to MicroStar to Support Kegstar Acquisition

Ares Commercial Finance provided a $10 million senior secured multinational revolving line of credit to MicroStar International Holdings, a portfolio company of Freeman Spogli, for working capital purposes in support of the acquisition of Kegstar Holdings.

May 19, 2021 Ares Management Corporation | Freeman Spogli | Kegstar | MicroStar Ian Koplin

AMP and Ares Pursue Joint Venture for AMP Capital’s Private Markets Businesses

AMP Limited and Ares Management entered into a non-binding heads of agreement to pursue a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority investments.

February 26, 2021 AMP | Ares Management Corporation | Debra Hazelton | Francesco De Ferrari | Michael Arougheti Phil Neuffer

Ares Closes $13.7B in Commitments in 2020

Funds managed by Ares Management’s credit group closed approximately $7.3 billion in commitments across 68 transactions during Q4/20 and approximately $13.7 billion in commitments across 163 transactions for all of 2020.

February 16, 2021 Ares Management Corporation Phil Neuffer

Guitar Center Emerges from Chapter 11

Guitar Center emerged from bankruptcy following the consummation of its plan of reorganization under Chapter 11 of the U.S. Bankruptcy Code.

Ares, Brigade and Carlyle Enter Restructuring Support Agreement with Guitar Center

Guitar Center, a global musical instrument retailer, entered into a restructuring support agreement with its equity sponsor, funds managed by the private equity group of Ares Management, Brigade Capital Management and The Carlyle Group.

November 16, 2020 Ares Management Corporation | Brigade Capital Management | Guitar Center | Ron Japinga | The Carlyle Group Ellie Delany

Ares Commercial Finance Provides $100MM Revolver to Pace Industries

Ares Commercial Finance provided a $100 million senior secured revolving line of credit to Pace Industries, an entity owned by funds and accounts managed by TCW Asset Management Company and by affiliated funds and accounts of Cerberus Capital Management.

November 16, 2020 Ares Commercial Finance | Ares Management Corporation | Cerberus Capital Management | Pace Industries | TCW Asset Management Ellie Delany

Ares Closes $2B in U.S. Direct Lending Commitments in Third Quarter

Ares provided details on new financing commitments. Funds managed by the company’s credit group closed approximately $2 billion in commitments across 31 transactions during the third quarter, totaling $6.4 billion in commitments across 95 transactions year to date.

Ares Appoints Krishnan Partner and Chief Investment Officer of Ares Insurance Solutions

Raj Krishnan joined Ares Management as partner and chief investment officer of Ares Insurance Solutions. Krishnan most recently served as executive vice president and chief information officer at F&G Annuities & Life.

October 26, 2020 Ares Insurance Solutions | Ares Management Corporation | Aspida | David Reilly | F&G Ellie Delany

SPCM Provides Exit Financing for Centric Brands’ Chapter 11 Emergence

Centric Brands emerged from voluntary Chapter 11 proceedings. Sound Point Capital Management provided exit financing to the company, while Ropes & Gray, PJT Partners and Alvarez & Marsal served as legal, financial and restructuring advisors, respectively.

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