The Ares Private Debt Group provides one-stop financing solutions to meet the distinct and underserved capital needs of small and middle-market companies, power generation and infrastructure project owners and early stage and emerging growth companies typically backed by venture capital firms. Our flexibility, structuring expertise and self-origination capabilities enable us to invest across the capital structure and meet the full spectrum of our clients’ financing needs. We employ a direct origination strategy which includes investment professionals located in regional markets across the U.S. and Europe. As a result, we self-originate and structure the majority of our investments. As of September 30, 2013, the Private Debt Group managed approximately $24 billion(1)of committed capital.
As a patient long-term investor, the Private Debt Group has demonstrated the ability to provide creative structures, hold large positions, and offer sponsors and management teams increased certainty of execution. The Private Debt Group’s Senior Partners average more than 23 years of relevant middle-market lending and leveraged finance experience. The Private Debt Group is comprised of two dedicated investment teams:
(1) Committed Capital Under Management reflects rounding and includes unfunded commitments including all amounts available under debt facilities. Amounts are preliminary and unaudited as of September 30, 2013. Committed capital includes capital that may be made available by a joint venture to which an ARES-manages vehicle and GE Corporate Bank SAS are a party, and includes capital that may be committed for investment both directly by Ares Capital Corporation ("ARCC") as well as by certain financial services portfolio companies of ARCC. ARCC is only allowed to borrow amounts such that its asset coverage (as defined in the Investment Company Act) equals at least 200% after such borrowing. Certain amounts subject to borrowing base restrictions.
|Primary Role: ||Lead private debt investor that agents/co-agents originated transactions|
|Offices: ||Atlanta, Chicago, Los Angeles, Menlo Park, New York, Washington, D.C., Frankfurt, London, Luxembourg, Paris and Stockholm|
|Primary Areas of Focus: ||Corporate: Non-syndicated senior debt, mezzanine debt and non-control equity to middle-market companies; Project Finance: High yield senior and mezzanine debt to finance power generation and infrastructure projects; Venture Finance: Senior secured loans to early stage and emerging growth companies backed by venture capital firms|
|Types of Investments ||Revolver, first lien, second lien, stretch senior, unitranche, subordinated debt, private/public high yield, non-control equity|