Alternative Credit


Alternative Credit sources investment opportunities that fall outside of traditional, well-defined markets. Our strategies feature a differentiated approach to value capture through direct origination, credit arbitrage and disruptions in traditional markets.

Alternative Credit offers a broad range of sub strategies designed to be client-focused and solutions-based with three main formats: pure play, customized and flagship funds. Each format benefits from Ares' focus on asset security, covenants, cash flow velocity and other features designed to capture value and minimize risk to principal. Alternative Credit targets a level of downside protection, low correlation to traditional markets, diversification, attractive levels of current income and attractive risk-adjusted return opportunities. Aligning Ares' investment activities with its desire to have a positive societal impact, Ares and Alternative Credit portfolio managers have committed to donating a portion of carried interest from certain Alternative Credit funds to global health and education charities.


Targeted Opportunity Set

Target transaction sizes range from $50 million to $500 million+ across liquid and illiquid Alternative Credit sectors including:

Opportunity 1
  • Fund Finance
  • Triple-Net Leases
  • Secondaries Lending
  • Whole Loans
  • Structured Equity
  • Equipment Leasing
  • Music Royalties
  • CMBS
  • Healthcare Receivables
  • Whole Business Securitizations
  • Agriculture Loans
  • Ground Leases
  • Shipping Containers
Opportunity 2
  • CLOs
  • Residential Mortgages
  • Consumer Loans
  • Small Business Loans
  • REIT Finance
  • NPL/RPL Portfolios
  • Asset Manager Fees
  • Mortgage Servicing Rights
  • Servicer Fees
  • Aviation Assets
  • Drug Royalties
  • Trade Receivables
  • PACE
Opportunity 3
  • GP/Manager Finance
  • Media and Sports Assets
  • Single Family Rentals
  • Fix-and-Flip Finance
  • Auto Loans
  • Solar Loans
  • Student Loans
  • Cell Towers
  • Timeshares
  • Data Centers
  • Legal Assets
  • Tax Receivable Agreements
  • Fiber Assets under Cell Towers
  • Capital Relief Transactions
*For illustrative purposes only.
Opportunity 4

We employ true bottom-up analysis to evaluate the risk and value of each investment. Each opportunity is subjected to a rigorous investment process, drawing upon the breadth of the team’s experience and enhanced by proprietary data, analytical tools and systems. We approach each sector with specialized, dedicated resources and often collaborate with other investment professionals at Ares to enhance our view of risk and value.

Our Approach

We approach each sector with specialized, dedicated resources in collaboration with other investment professionals at Ares

With a seasoned team comprised of approximately 55 dedicated investment professionals, we believe we are one of the most active market participants. We believe our scale and flexibility contribute to Ares’ ability to originate opportunities and capture value in Alternative Credit.

Our Approach


Co-Heads of Alternative Credit

For inquiries regarding Alternative Credit please contact:

Keith Ashton

Tel: (212) 888-7089

Email: [email protected]

Joel Holsinger

Tel: (212) 515-3238

Email: [email protected]

Head of Product Management and Investor Relations

For inquiries regarding Alternative Credit investor relations please contact: