Updated views on Ares ASOF?
How does this group compare to say Oaktree Special Sits in LA or Apollo Hybrid Value? Any insight appreciated.
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
April 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
Tough group to work for. Know one of the associates there that looks like he has legit depression all the time.
ASOF II's IRR is 6.9%/4.3%, so something might have blown up in the portfolio
lol what Distressed PE firm besides KPS and SVP does well? At that point just go to a diameter/trading shop.
Hybrid value doesn't really play into the distressed realm so can't really count them
Farallon?
Bumping, any other thoughts on WLB, fund II returns?
ASOF I is 1.6x / 20.6% fwiw which for its vintage I imagine is top quartile for a 2019 vintage.
When did ASOF II start investing? Feels like from a J Curve perspective that's very reasonable for a fund that had an October 2022 close.
You probably need to be comping ASOF against Oaktree Opportunities, not Oaktree special situations given mandate crossover / flagship team.
On work life balance, given where we are in the cycle and type of deals they are doing, can't imagine this is a 55-60 hour a week job as a junior . . .
Agreed, in the LA scene (in corp PE) but ASOF Fund I was very very strong, you don't oversubscribe a fund by $3.5bn and get to $7.1bn (ASOF Fund II) with shitty performance. I personally would never join given WLB is probably terrible (+ Ares isn't known for good culture) but for learning/returns I'm sure its a good place as an associate
This is for the LA office?
Does ASOF being rolled into Credit change anything? Carry structure/payout, geography, etc?
Consequatur ut consequuntur est numquam et eius. Illo ad cumque aut. Magnam non architecto aut et incidunt.
Fuga voluptate voluptatem veniam distinctio quisquam modi fugiat inventore. Voluptatibus culpa sapiente non voluptates qui ut sunt.
Blanditiis quo omnis blanditiis velit incidunt. Velit earum nisi repellat id illum aliquam. Aut impedit tempore et est mollitia. Aliquam nesciunt molestiae sit velit aspernatur quia ut ad. Ratione quia itaque explicabo aut maiores est deleniti repellendus. Laudantium fugiat nam minus praesentium doloremque dolor.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...