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Funds managed by the Real Estate Group of Ares Management contributed financing to Alloy Development for the first phase of the Alloy Block (formerly known as 80 Flatbush). Construction is expected to begin in the coming weeks on New York City’s first all-electric residential tower, along with the city’s first two public schools designed to meet Passive House compliance, the highest standards of energy efficiency and indoor air quality. “This investment represents a unique opportunity to support the construction of a Class A residential tower in a thriving neighborhood, while creating New York City’s first Passive House-compliant public schools and new residential units under the Affordable New York housing program. This project underscores Ares’ commitment to corporate sustainability by investing in public-private partnership opportunities that generate positive environmental and social impact. We are excited to be part of this great project as we work to realize the important benefits for all stakeholders involved.” - said Andrew Holm, Partner in the Ares Real Estate Group.
Ares Management Corporation is pleased to share that Ares SSG has closed its third Secured Lending Opportunities Fund III at more than $1.6 billion, which Ares believes is the largest pan-Asian secured lending fund to date. The close of SLO III marks the establishment of Ares SSG’s eighth fund and has attracted a top-tier, diverse set of international institutional investors, including sovereign wealth funds, pension funds and insurance companies. The final fund size represents an approximately 100% increase compared to the predecessor fund, Secured Lending Opportunities Fund II, which closed in 2017 at approximately $800 million. Read more: https://lnkd.in/djxANz9
“As a pure-play technology and solutions integrator, KPI is well positioned to serve the requirements of the fast-growing warehouse automation space. This combination will provide KPI with significant scale and expanded capabilities to better serve its customers and drive the next phase of the Company’s growth, both organically and through strategic acquisitions. We are excited to have the opportunity to partner with Larry, Jim, Kevin, as well as the other members of the management team. We believe this combination brings together a group of uniquely talented and motivated leaders.” – Brian Klos, Partner in Ares’ Private Equity Group.
“Ares is pleased to support McLaren Group’s efforts to strengthen its capital structure and enhance its financial flexibility. We believe that with McLaren’s strong technology, brand and executive leadership, the company is well-positioned for its next phase of growth in its core Automotive business.” – Scott Graves, Partner, Co-Head of Private Equity Group and Head of Special Opportunities at Ares Management Corporation. Read more: https://lnkd.in/dzQrgvj
In June, Ares President & CEO Michael Arougheti and Co-Heads of Alternative Credit Keith Ashton and Joel Holsinger hosted the Ares Alternative Credit In the Gaps webinar. The three discussed global market trends, the impact of government stimulus and the outlook for inflation. “It’s hard to articulate the bear case right now. Even if you say [inflation] rates are going up, they’d have to go up so dramatically and so quickly to truly disrupt.” – Michael Arougheti, Ares President & CEO
Ares’ Employee Resource Group, Disability Resources Around Me (DREAM), is pleased to host its first #DisabilityAwareness Month from July 14th through August 13th, to celebrate diversity and the contributions of people with disabilities. DREAM promotes an environment of mutual respect and teamwork, while providing an avenue for those seeking the guidance, encouragement, and camaraderie of others who have successfully faced similar challenges. DREAM encourages everyone to gain a better understanding of people with disabilities, the types of visible and invisible disabilities and promotes inclusivity in order to make our environment and society more accessible for all.
“We’re excited to partner with Resource Label Group LLC, an innovator and leader in one of the most attractive segments within the packaging industry,” stated Natasha Li, Partner in the Ares Private Equity Group.
Ares' Adam Heltzer and Indhira Arrington sat down with Private Debt Investor to discuss the increased role private debt managers can play in influencing ESG and DE&I policy and initiatives across their portfolios. Read more: https://lnkd.in/d9gkFHn
Over the last six months, Ares has committed more than $1 billion of debt and equity investments in the sports, media and entertainment sector. We believe the strong secular demand for content is driving the need for flexible capital. With Ares’ significant capital base, we provided innovative solutions to fulfill the teams’ and organizations’ growing funding gaps and desire for expansion. Read more about Ares’ recent investments in the sector: https://lnkd.in/dva84ui
Despite the growth of the #privatecredit industry in the UK over the past decade, many business owners are unfamiliar with this important alternative financing source. To support these businesses, the ACC is delighted to launch the UK Borrower's guide to private credit outlining the benefits of the asset class and helping business owners understand the private credit lending process. Click below to learn more and check out the guide here: https://lnkd.in/dBuqtNu #growth #businessfinancing #borrowers
