Ares

Dean Borgh Joins Accordant Investments Team

Retrieved on: 
Tuesday, March 26, 2024
Professional Services, Other Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, Principal, Growth, Borgh, Knowledge, University, Starwood Capital Group, Ares, National accounts, Multimedia, Political science, FINRA, Financial adviser

Dean Borgh has joined Accordant Investments LLC (“Accordant”) as Executive Director – National Accounts.

Key Points: 
  • Dean Borgh has joined Accordant Investments LLC (“Accordant”) as Executive Director – National Accounts.
  • Borgh is responsible for expanding the distribution of Accordant Investments’ solutions in the private wealth channel.
  • Accordant believes most long-term retail investors would benefit from adding alternative strategies such as private real estate to their long-term asset allocation.
  • View the full release here: https://www.businesswire.com/news/home/20240314853993/en/
    “We are excited to add another executive to the Accordant team to assist in the broad distribution of our first-to-market real estate index interval fund and other purpose-built investment solutions,” Accordant CEO Greg Stark said.

Ares Management Launches Ansley Park Capital

Retrieved on: 
Monday, March 4, 2024
Professional Services, Finance, GE Capital, Capital market, Marketing, Health, Global health, Ares, Risk, City National Bank, Wells Fargo, ARES, Credit, Partnership, Management

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment.
  • “We are excited to launch Ansley Park together with this talented and experienced team,” said Joel Holsinger, Partner and Co-Head of Ares Alternative Credit.
  • “The equipment finance landscape is rapidly evolving, and the team’s deep industry expertise across a wide range of asset classes will enable Ansley Park to effectively deploy capital critical to supporting the financing needs of companies driving the U.S. economy.”
    He added, “In addition to direct financing originations, Ansley Park is uniquely positioned to partner with banks in executing capital markets transactions, acquire equipment finance portfolios, develop structured flow programs and design equipment-focused balance sheet optimization and capital relief solutions.”
    “We are thrilled to announce the establishment of Ansley Park through our partnership with Ares,” said Eric Miller, President & Chief Executive Officer of Ansley Park.
  • Aligning Ares' investment activities with its societal impact, Ares and Ares Alternative Credit portfolio managers have committed to donate a portion of the performance fees from Ares Alternative Credit flagship funds to support global health and education charities.

Ares Management Special Opportunities Team to Join its Global Credit Group

Retrieved on: 
Monday, February 26, 2024
Asset Management, Professional Services, Finance, Equity (finance), Growth, Ares, ARES, Financial services

Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit.
  • Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares’ limited partners, sponsor partners and portfolio companies.
  • The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the experience and broad direct origination network across the firm’s leading global Credit platform.
  • The Opportunistic Credit strategy will be reflected within the Ares Credit Group in Ares’ public reporting, effective March 31, 2024.

Republic Capital Group Adds Two New Partners, Opens Palm Beach Location

Retrieved on: 
Thursday, March 7, 2024
PALM, Wealth management, Asset, MSI, RIA, Dream, Growth, KKR, AUM, Sale, Ares, The Carlyle Group, Partner, Investment company, Tradition, Irizarry, Initial public offering, Goldman Sachs, Trust, Security (finance)

I'm also excited to establish Republic's presence in Palm Beach, also known as Wall Street South."

Key Points: 
  • I'm also excited to establish Republic's presence in Palm Beach, also known as Wall Street South."
  • Prior to joining Republic, Mr. Reed planned, launched, and managed one of the fastest growing wealth management firms in the country, Dakota Wealth Management.
  • Mr. Reed will be opening Republic's new Palm Beach location and spearheading exciting initiatives for its growing company.
  • Their reputation is just phenomenal, and I am privileged to be a representative of Republic Capital Group."

New Survey Finds 80% of Employers Believe Increased Access to Funding and Information Are Needed to Create More Green Jobs

Retrieved on: 
Tuesday, March 5, 2024
Education, Growth, Government, JFF, Ares, Climate change, Burning glass, Knowledge, Workforce, Environment, Face, Renewable energy

BOSTON, March 5, 2024 /PRNewswire/ -- While nearly 90 percent of small and medium-sized employers say that businesses have a role to play in protecting the environment, more than 40 percent of employers in a new survey commissioned by national workforce nonprofit Jobs for the Future (JFF) say they are unsure how the creation of more green jobs and skills will impact their business. Over 80 percent of all employers agree that more resources like access to funding and information would help their businesses create more green jobs, while nearly 90 percent say regional efforts are somewhat important.

Key Points: 
  • Over 80 percent of all employers agree that more resources like access to funding and information would help their businesses create more green jobs, while nearly 90 percent say regional efforts are somewhat important.
  • The green economy is projected to create an estimated 9 million new U.S. jobs over the next decade.
  • Over 80 percent of employers agree that more resources like access to funding and information on helping employees transition to green jobs would help amplify awareness of their businesses and create more green jobs.
  • And nearly 9 in 10 employers say that collaboration with other businesses in their region will be helpful to create more green jobs.

Ares Management Appoints Julie Solomon as Co-Head of Real Estate

Retrieved on: 
Tuesday, January 30, 2024
Banking, Professional Services, Finance, Partnership, Growth, Advisory board, ARES, Real estate, Professional, Ares, Culture, Geography

Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate.

Key Points: 
  • Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate.
  • Effective immediately, Ms. Solomon and Mr. Benjamin together will co-lead the Ares Real Estate business globally.
  • Ms. Solomon joined Ares in 2013 and has been an invaluable leader on the Real Estate team throughout this time as a key contributor to the team’s significant organic and inorganic growth.
  • In addition to her role as a senior leader within Ares, Ms. Solomon is recognized as a leader in the real estate industry, serving on the Advisory Board of NYPEN Real Estate, of which she is a Founding Member, and as a member of the Pension Real Estate Association (“PREA”) and WX New York Women Executives in Real Estate.

Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management

Retrieved on: 
Tuesday, January 23, 2024
Data Management, Technology, Professional Services, Apps, Applications, Software, Artificial Intelligence, Networks, Internet, Fintech, Mobile, Wireless, Finance, Multimedia, Ares, Ares Management, Software as a service, Life, Bank

Sunbit , the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.

Key Points: 
  • Sunbit , the company building financial technology for everyday expenses, announced today that it closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds.
  • View the full release here: https://www.businesswire.com/news/home/20240123923344/en/
    Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management (Graphic: Business Wire)
    Arad Levertov, CEO of Sunbit, said, “Today, millions of people choose Sunbit to manage their everyday needs and so much more.
  • We thank Citi and Ares for their support in arranging this facility.”
    Jeffrey Kramer, Partner in the Ares Credit Group, commented, “We are excited to be partnering with the Sunbit management team as they continue to grow their technology-driven consumer finance platform.
  • Consumers consistently select Sunbit BNPL technology when given the choice, and more than 1 in 3 become repeat customers.

Ares Capital Corporation Prices Public Offering of $1.00 Billion 5.875% Unsecured Notes Due 2029

Retrieved on: 
Tuesday, January 16, 2024
Professional Services, Finance, Madison Avenue, ATTN:, RBC Capital Markets, Ares Management, Prospectus, CIBC, BofA Securities, Sale, Market, Goldman Sachs, BNP Paribas, Ares, J.P. Morgan & Co., Wells Fargo, MUFG, Security (finance)

Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029.

Key Points: 
  • Ares Capital Corporation (Nasdaq: ARCC) announced that it has priced an underwritten public offering of $1.00 billion in aggregate principal amount of 5.875% notes due 2029.
  • BofA Securities, Inc., J.P. Morgan Securities LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Mizuho Securities USA LLC, MUFG Securities Americas Inc., RBC Capital Markets, LLC, Santander US Capital Markets LLC and Truist Securities, Inc. are acting as joint book-running managers for this offering.
  • Ares Capital expects to use the net proceeds of this offering to repay certain outstanding indebtedness under its debt facilities.
  • Investors are advised to carefully consider the investment objective, risks, charges and expenses of Ares Capital before investing.

ADMA Biologics Announces $135 Million Non-Dilutive Refinancing of Credit Facilities with Ares Management

Retrieved on: 
Monday, December 18, 2023
8-K, Ares Management, Marketing, ADMA, Ares, Line of credit, Growth, Patient, Bank

RAMSEY, N.J. and BOCA RATON, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing, and developing specialty plasma-derived biologics, today announced the Company has executed a definitive credit agreement with Ares Management credit funds (“Ares”) for $135 million in total senior secured credit facilities, including a $72.5 million asset-backed revolving credit facility and a $62.5 million term loan. The proceeds of the senior secured credit facilities were fully drawn at closing and used, along with existing cash, to repay all obligations under the prior Hayfin Capital Management senior secured credit facility.

Key Points: 
  • New $135 Million Credit Facility Replaces Existing $159 Million Credit Facility, a 15% Decrease in Total Debt
    RAMSEY, N.J. and BOCA RATON, Fla., Dec. 18, 2023 (GLOBE NEWSWIRE) -- ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing, and developing specialty plasma-derived biologics, today announced the Company has executed a definitive credit agreement with Ares Management credit funds (“Ares”) for $135 million in total senior secured credit facilities, including a $72.5 million asset-backed revolving credit facility and a $62.5 million term loan.
  • The proceeds of the senior secured credit facilities were fully drawn at closing and used, along with existing cash, to repay all obligations under the prior Hayfin Capital Management senior secured credit facility.
  • “This non-dilutive credit facility with Ares materially reduces ADMA’s nominal interest rate and significantly lowers our total debt by 15%, which further supports ADMA’s rapid earnings growth outlook,” said Adam Grossman, President and Chief Executive Officer of ADMA.
  • We look forward to finishing 2023 on a high note and embarking on 2024 from a position of strength."

Dynamic Renewables Appoints New CEO to Lead Next Phase of Growth

Retrieved on: 
Wednesday, December 6, 2023
Alternative Energy, Energy, Sale, BTU, Acquisition, Dynamics, Ares, Renewable energy, Kinder Morgan, Partner, Farm, Waste management, Natural gas, RNG, Growth, Renewable natural gas

Mr. Johnson is a seasoned business executive with a demonstrated track record of leading several successful businesses in the infrastructure and renewable natural gas (“RNG”) industries.

Key Points: 
  • Mr. Johnson is a seasoned business executive with a demonstrated track record of leading several successful businesses in the infrastructure and renewable natural gas (“RNG”) industries.
  • As President of Kinder Morgan’s Renewable Natural Gas business, Mr. Johnson led investment plans focused on scaling the business’ biogas footprint.
  • “I am thrilled to join Dynamic at a very exciting time both for the Company and the industry,” said Mr. Johnson.
  • “We look forward to supporting Aaron and the Dynamic team in their long-term objectives for the Company and the RNG market.”