RevereCRE
Sign In
JB
******
@aresmgmt.com

CAPITAL /

Josh Bloomstein

Ares Management

Vice President

Job Functions: Acquisitions & Dispositions, Asset Management, Capital Markets, Equity Strategies

Bio

Ares Capital is a closed-end, non-diversified specialty finance company, and a subsidiary of Ares Management LLC, a global alternative asset manager and SEC registered investment adviser with offices in Los Angeles, New York, Washington DC, Chicago, and Atlanta. The company is publicly traded on the NASDAQ Global Select Market under ticker symbol 'ARCC.' The firm had roughly $54 billion of total committed capital under management as of June 30, 2012. Ares Capital also co-manages with GE Commercial Finance Investment Advisory Services an unconsolidated senior debt fund, the Senior Secured Loan Fund, LLC. The SL Fund primarily invests in 'unitranche' loans (loans that combine both senior and subordinated debt, generally in a first lien position) of middle-market companies. The SL Fund was initially formed in December 2007 with approximately $3.6 billion of committed capital. The firm acquired its interests in the SL Fund from Allied Capital in October 2009. In addition, Ares' portfolio company, Ivy Hill Asset Management, serves as manager or sub-manager to seven funds. As of December 31, 2009, Ivy Hill Management had total committed capital under management of over $2.3 billion. Ares Capital and Ivy Hill Management collectively provide integrated private debt and non-control equity financing solutions to the middle market. Highly attractive sectors include basic and growth manufacturing, business services, consumer products, health care products and information technology services. More challenging or cyclical industries such as restaurants, retail, oil and gas, and technology are also considered. The firm's investments range from $30 million to $400+ million in companies with EBITDA of $10 - $250 million. For Venture financings, the firm will consider investments of $1 - $25 million. As of June 30, 2012 Ares Capital's portfolio was fair valued at approximately $5.5 billion, invested in 144 companies and backed by 87 different private equity sponsors.

Areas of Interest

Deal Type
Acquisition, Development, Recapitalization, Refinance, Rehabilitation