Schechter Joins Ares Management as Head of Credit Trading

Michael Schechter has joined Ares Management as partner and head of credit trading.

Ares Closes $4.5 Billion in New U.S. Direct Lending Commitments in 3Q/19

Ares Management closed approximately $4.5 billion in commitments across 56 transactions in 3Q/19.

Alexander, Rosen Join Ares Alternative Credit/Financial Services Group

Kevin Alexander and Scott Rosen have joined Ares Management’s Credit Group to expand its focus on asset financing across alternative credit and the financial services industry.

Ares Commercial Finance Provides $32MM Facility to Confluence Outdoor

Ares Commercial Finance provided a $32 million senior secured revolving line of credit to Confluence Outdoor.

Ares Management Acquires HVAC Services Company CoolSys

Ares Management announced that a fund managed by its private equity group has acquired CoolSys, a refrigeration and HVAC services company, from Audax Private Equity. Terms of the transaction were not disclosed.

Ares Management Wins Multiple Industry Awards

Ares Management won five reader awards from two related industry publications, Private Debt Investor and Private Equity International.

Ares Management Ends 2018 with Strong Fourth Quarter

Ares Management reported its financial results for its fourth quarter and year ended December 31, 2018.

Ares Provides $50MM Facility to EasyPay Finance

An affiliate of Ares Management provided a $50 million credit facility to EasyPay Finance, a national provider of consumer installment financing for automotive services and repairs.

Bush Joins Ares Management Board of Directors

Antionette Bush joined the Ares Management board of directors as an independent director.

Ares Direct Lending Fund Closes with $3B in Total Commitments

Ares Management closed its inaugural, commingled U.S. senior direct lending fund with approximately $3 billion in total commitments, a significant oversubscription of its initial $2 billion target.