Ares :: Private Debt

Private Debt

Overview

Experienced Leadership. One-Stop Financing. Dependable Partner.

The Ares Private Debt Group provides integrated private debt and non-control equity financing solutions to the middle market. The Private Debt Group’s Partners and Managing Directors average more than 15 years of relevant middle market lending and leveraged finance experience. The Private Debt Group is divided into three dedicated investment teams: Ares Capital Corporation (Nasdaq: ARCC) in the U.S., a publicly traded company managed by Ares Capital Management LLC (an affiliate of Ares Management and an SEC registered investment advisor), Ares Capital Europe Limited (ACE) and Ares Commercial Real Estate (ACRE).

ARCC: Ares Capital Corporation

Ares Capital Corporation is a closed-end, non-diversified specialty finance company that is regulated as a business development company. ARCC is one of the largest BDCs with 141 portfolio companies backed by 82 different financial sponsors.

Visit ARCC website

ACE: Ares Capital Europe

Ares Capital Europe manages the Ares Global Private Debt Group’s Pan-European private debt activities. ACE is a privately-held finance company that has brought innovation and flexibility to the European middle market, most notably for its use of the unitranche structure for European middle market borrowers.

ACRE: Ares Commercial Real Estate

Ares Commercial Real Estate manages our Group's commercial real estate debt and credit investment activities. ACRE is focused primarily on originating, financing, acquiring and managing commercial mortgage loans and other commercial real estate finance-related investments.

The Private Debt Group manages approximately $18 billion* of committed capital as of December 31, 2011, including certain credit facilities. We provide one-stop financing solutions to meet the distinct and underserved financing needs of private middle market companies and real estate assets. Our flexibility, structuring expertise and direct origination capabilities enable us to invest across the capital structure and meet our clients’ full spectrum of financing needs. As a result, we self-originate and structure the majority of our investments.

As a patient long-term investor with permanent capital, the Private Debt Group has developed a reputation for originating creative structures, a willingness to hold large allocations, and an ability to offer sponsors and management teams greater certainty of execution.

*As of December 31, 2011 and includes capital which may be committed for investment both directly by ARCC as well as by certain financial services portfolio companies. ARCC is only allowed to borrow amounts such as that its asset coverage (as defined in the Investment Company Act of 1940) equals at least 200% after such borrowing Amounts also subject to borrowing base restrictions.

Ares Private Debt Group
Primary Role	Lead private debt investor that agents/co-agents originations
Offices	New York, Washington, D.C., Los Angeles, London, Chicago, Dallas, Atlanta, Newport Beach, Frankfurt, Luxembourg, Paris and Stockholm
Focus	Non-Syndicated Debt, Mezzanine and Non-Control Equity
Types of Investments	Revolver, First Lien, Second Lien, Unitranche/Senior Stretch, Subordinated Debt, Private/Public High Yield, Non-Control/Preferred Equity