The Ares Private Debt Group provides one-stop financing solutions to meet the distinct and underserved financing needs of small and middle-market companies and commercial project and real estate owners. The Private Debt Group’s Senior Partners average more than 20 years of relevant middle-market lending and leveraged finance experience. The Private Debt Group is comprised of three dedicated investment teams: U.S. Private Debt, which manages U.S. corporate lending activities primarily through Ares Capital Corporation (Nasdaq: ARCC), Private Debt team in Europe, which manages the Private Debt Group’s Pan-European corporate lending activities primarily through Ares Capital Europe, L.P. (“ACE I”) and Commercial Real Estate Group, which manages U.S. commercial real estate lending activities, including Ares Commercial Real Estate Corporation (NYSE: ACRE).
The Private Debt Group manages approximately $23 billion* of committed capital as of December 31, 2012, including certain credit facilities. We provide one-stop financing solutions to meet the distinct and underserved financing needs of small and middle-market companies, commercial project owners, emerging growth companies typically backed by venture capital firms and real estate owners. 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. 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 demonstrated the ability to originate creative structures, hold large positions, and offer sponsors and management teams increased certainty of execution.
*As of December 31, 2012 and includes capital that may be made available by a joint venture to which Ares and GE Commercial Finance Bank SAS are a party and includes capital that may be committed for investment both directly by ARCC, its investment adviser or 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.
||Lead private debt investor that agents/co-agents originations|
||Atlanta, Chicago, Los Angeles, Menlo Park, New York (headquarters), Washington, D.C., Frankfurt, London, Luxembourg, Paris and Stockholm|
|Primary Areas of Focus:
||Corporate: Non-Syndicated Debt, mezzanine debt and non-control equity to middle-market companies; Project Finance: High yield senior and mezzanine debt to experienced development teams, financial sponsors and independent producers; Venture Finance: Senior secured loans to technology, energy and life science companies that are backed by leading venture capital firms; Real Estate: Transitional senior and stretch senior loans and subordinate debt to commercial property owners in middle-market|
|Types of Investments
||Revolver, First Lien, Second Lien, Stretch Senior, Transitional Senior, Unitranche, Subordinated Debt, Private High Yield, Non-Control/Preferred Equity|