Kipp deVeer Archives

Markowicz Appointed COO of Ares Capital Corporation

Jana Markowicz has been appointed as chief operating officer at Ares Capital Corporation. In this newly created role, Markowicz will also serve as COO of Ares Management’s U.S. Direct Lending strategy where she will collaborate with the U.S. Direct Lending co-heads and investment committee members.

January 20, 2023 Ares Capital Corporation | Jana Markowicz | Kipp deVeer Ian Koplin

Ares Capital Appoints Schnabel Co-President

Ares Capital appointed Kort Schnabel co-president after current co-president Michael Smith stepped down. Smith will join the Ares Capital’s board of directors. Smith will also continue to serve as a member of the investment committee of Ares Capital’s investment manager.

October 26, 2022 Ares Capital | Kipp deVeer | Michael Arougheti Ian Koplin

Ares Capital Increases and Extends Revolving Credit Facility with 39 Lenders

Ares Capital increased commitments under its revolving credit facility to approximately $4.8 billion and extended the final maturity date. The facility is led by JP Morgan, Bank of America, Truist, MUFG Bank, SMBC and Wells Fargo and includes a total of 39 lenders.

Ares Capital Appoints Henson to Board of Directors as Independent Director

Mary Beth Henson joined Ares Capital’s board of directors as an independent director. Henson served as CFO at the National Audubon Society, a nonprofit dedicated to protecting birds and their habitats, from 2013 until 2021.

March 10, 2022 Ares Capital | Bennett Rosenthal | Kipp deVeer | Mary Beth Henson | Michael Arougheti Ian Koplin

Ares Experiences Company Record Year for Direct Lending Origination Activity

New financing commitments made across Ares Management’s U.S. direct lending strategies more than doubled to $33.4 billion in 2021 compared with 2020.

February 11, 2022 Ares Management | Kipp deVeer Ian Koplin

Ares Hires Hughes to Lead New Capability in Investment Grade Private Credit

Jeffrey Hughes joined Ares Management’s credit group to lead the firm’s new effort in sourcing and managing privately placed investment grade credit investments.

Ares Closes Senior Direct Lending Fund II at $14B

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.

Ares Management Closes Oversubscribed Junior Capital Direct Lending Fund

Ares Management closed Ares Private Credit Solutions II (APCS II). APCS II was oversubscribed, gaining $5.1 billion of commitments compared with its $4 billion target, and is approximately 50% larger than its 2017 predecessor fund.

October 18, 2021 Ares Credit Group | Ares Private Credit Solutions II | Jim Miller | Kipp deVeer | Michael Smith Ian Koplin

Ares Management Completes $13.34B European Direct Lending Fund

Ares Management, a global alternative investment manager, closed its fifth commingled European direct lending fund, Ares Capital Europe V (ACE V), at €11 billion ($13.34 billion). According to Ares, this represents the largest European direct lending fund raised to date.

April 29, 2021 Ares Management | Blair Jacobson | Kipp deVeer | Michael Dennis Phil Neuffer

Ares Closes $3.7B Pathfinder Alternative Credit Fund

Ares Management closed its Ares Pathfinder Fund, L.P. With $3.7 billion in total commitments closed, the fund was significantly oversubscribed at its hard cap and exceeded its original target of $2 billion.

Tag Archives: Kipp deVeer