Hi monkeys,
I'm seeking insights into the Ares Alternative Credit team. If you have information on it, I'd appreciate your input.
- What is the compensation structure for an associate at, including base salary, bonuses, and details on carried interest?
- How is the work-life balance at Ares Alternative Credit? Is it 5 days a week in office? What are the typical working hours?
- What types of deals does the team focus on?
- How would you characterize the team culture at Ares?
- How does the Ares Alternative Credit team in London compare to other credit teams in terms of reputation and market position?
Thanks!
Based on the most helpful WSO content, here are the insights into the Ares Alternative Credit team:
Compensation Structure for an Associate:
Work-Life Balance and Working Hours:
Types of Deals the Team Focuses On:
Team Culture at Ares:
Comparison to Other Credit Teams:
For more detailed and specific information, it would be beneficial to look at industry reports or reach out to current or former employees of Ares.
Sources: Ares Capital Management - Culture, Status, Word on the Street, What does Ares Credit do?, Thoughts on Ares Alternative Credit
Comp - no idea on comp, but definitely no carry at Ares for associates
Culture - 4x days in office, Friday from home
Deals - lending against anything that has a pool of assets below, think lending against loan books, lending against PE funds, lending against (diversified) corporate acquirers. When i say lending, it can truly be anything from sr secured and 1L to 2L, unsecured and PIK
No idea on comp but agreed that carry would not be involved for aso - it’s typically earned at VP minimum at Ares. Bonuses have been poor at Ares across strategies for two successive years now.
Hours will be similar to banking in Alternative Credit. 4 days in person is theoretically in place but realistically all juniors are in the office 5 days a week (if not more).
Alternative Credit will always be 2nd tier to Private Credit at Ares, as are all other strategies. Would be similar to Real Estate, but better than PE (which is in disarray atm). London office is managed by the three co-heads of european direct lending who are smart but ruthless.
Some of the data here is wrong.
Bonuses have not been poor across strategies, contrary, they've been pretty strong (maybe not in AltCredit, but can speak for other funds here)
AltCred is not in on Fridays and also not on weekends
Thanks for this — how do you know about the comp & hours? Concerning that they’re both poor…
please send me a PM if you can. Cheers
Any info on the pedigree / profile of associates? What HH do they use?
If I’m not mistaken they use Dartmouth as HH.
Bump
Anyone has their or other distressed / special sits / credit case studies and willing to swap or sell?
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