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We are excited to announce the official start to the Ares 2023 Summer Internship Program! This summer, nearly 150 talented individuals will join us for 10 weeks in Atlanta, Boston, Chicago, Denver, LA, London and New York. In the U.S., we kicked off the summer with a full day of programming that included an interactive panel led by firm leaders Kort Schnabel, Trey Pruitt, Aaron Rosen and Jennifer Kozicki, and a volunteer event with Rise Against Hunger. We are committed to investing in talent entering the early years of their careers and ensure each class spends the summer immersed in the alternative asset management industry with exposure to senior leadership and the opportunity to make valuable contributions to all of Ares’ businesses and functions. Welcome!
Ares Direct Lending recently held a football tournament to raise funds for the UK-based mental health charity Sport in Mind, which focuses on improving the lives of people experiencing mental health issues through sports initiatives. Ares hosted London-based private equity and advisor clients and matched each team’s entry fee donation to raise a total of £13,500 to support the ongoing sport and exercise sessions and educational workshops that are offered to both children and adults experiencing mental health challenges in London. Thanks to all who participated! #philanthropy
We are pleased to share that Ares has achieved Management Leadership for Tomorrow's Black Equity at Work Certification, an exciting milestone on our ongoing DEI journey. The Certification was launched in 2020 as a road map to enable employers to make meaningful, measurable progress toward Black Equity, and Ares is among just eight other companies in the U.S. to achieve this certification, underscoring our commitment to rigorous action and accountability. We look forward to continuing this work alongside MLT to sustain and enhance our results across the board.
As Ares marks its 25th anniversary, our CEO Michael Arougheti took time to reflect on three of the guiding principles that have shaped the firm today and helped inform his leadership during his five years as CEO. Read more below from his reflections on this important milestone.
In January, Ares employees—including Co-Founder Tony Ressler—participated in AltFinance's 2023 Atlanta Workshop, taking part in panel discussions and networking with this year’s cohort of AltFinance fellows. Now in its second year, the program—co-sponsored by Ares, Apollo and Oaktree—aims to create transformational impact in the HBCU community through partnerships with nonprofit organizations and academic institutions.
Ares would like to thank all who joined for our Investor Day 2021. Our team is deeply proud of our accomplishments and is excited about the significant opportunities ahead. View the full presentation on the Investor Resources section of our website: https://lnkd.in/db6h5Mky
Ares' Bill Benjamin, Partner, Head of the Real Estate Group, joined Institutional Real Estate, Inc. to discuss Ares’ recent acquisition of Black Creek Group and market trends. You can listen here: https://lnkd.in/gnkX6_YV
Ares is pleased to announce that funds managed by our European Direct Lending strategy are serving as the sole lenders of £1 billion of available debt facilities to RSK Group, the U.K.’s largest privately-owned multi-disciplinary environmental business. This transaction marks the largest private credit-backed sustainability linked financing to date. We are excited to continue to grow our longstanding relationship with RSK through this significant financing that is a first for both of our businesses and further connects us to a shared sustainability commitment. Read more: https://lnkd.in/dB_cTwdS
Ares’ employee resource group DREAM (Disability Resources Around Me) and Mindr recently collaborated on the In/Visible Disability Corporate Roundtable. A dynamic group of panelists spanning NASCAR, Hollywood, nonprofits and corporate industries joined more than 800 Ares colleagues for an engaging discussion. Together, we explored strategies for building a strong infrastructure of support for team members with visible and invisible disabilities and the importance of leading with vulnerability, authenticity and empathy.
On July 29, Ares detailed its results for Q2 2021. The presentation can be viewed at the Ares website on the Investor Resources section of our home page under Events and Presentations and here: https://lnkd.in/dp_k3cHw
