Mitch Drucker joined Ares Commercial Finance as a partner. Drucker previously worked for Garrison Investment Group and CIT.
Centric Brands entered into a restructuring support agreement, led by certain funds managed by Blackstone, Ares Management, and HPS Investment Partners, to recapitalize the company and provide $435 million in debtor-in-possession financing.
Ares Australia Management launched its first Australian product, the Ares Global Credit Income Fund.
Funds managed by Ares Management’s credit group closed approximately $2.7 billion in direct lending commitments across 40 transactions during Q1/2020.
Ares Management, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking reached a strategic agreement to collaborate on future business opportunities.
Adam Heltzer has joined Ares Management as managing director and head of Environmental, Social and Governance (ESG)
Ares Management has appointed Kipp deVeer to its board of directors, effective immediately. Concurrently, John Kissick, now a retired co-founder of Ares, is stepping down from the board.
Ares Management’s Alternative Credit provided a $450 million revolving asset-backed credit facility secured by agricultural production loans originated by Ag Resource Management.
Funds managed by Ares Management’s Alternative Credit strategy have provided a $350 million revolving asset-backed credit facility secured by consumer loans to Southern Management Corporation, a portfolio company of Milestone Partners.
Ares Management has named Naseem Sagati Aghili as general counsel and secretary and Michael Weiner as head of public policy and legislative affairs.