The Ares Capital Markets Group invests in tradable securities, including broadly syndicated leveraged loans, high yield bonds and other fixed income investments. The Capital Markets Group’s Portfolio Managers average more than 15 years of relevant experience investing in below-investment grade debt.
We manage over $25 billion of committed capital as of December 31, 2012 invested through a variety of structured funds and separately managed accounts. A central tenet of the Capital Markets Group’s disciplined approach is to place a high priority on the preservation of principal (primarily through default avoidance) and minimizing downside risk.
The design and management of the portfolio is primarily bottoms-up, and centers on internal research as well as an investment process that identifies instruments trading at attractive relative values when compared to their fundamental credit risk. A significant emphasis is also placed on evaluating expected events and investment attributes that will lead to a company’s upward credit migration over a defined period of time. We construct portfolios that seek to balance the benefits of diversification, high quality issues and defensive industry allocations.
| Primary Role |
Asset manager in the publicly traded debt markets |
| Offices |
Los Angeles, London, New York |
| Focus |
Performing and Distressed Syndicated/Liquid Debt Securities, Structured Credit |
| Types of Investments |
Revolver, First Lien, Second Lien, Public High Yield, Structured Credit |