Thoughts on Ares Alternative Credit

Question

Does anyone have insights on the Alternative Credit group at Ares? Junior comp / strategy / culture / working hours / general thoughts / etc.

Have been seeing some job postings recently on LinkedIn, I'm currently at a BB and looking to move into the opportunistic credit and/or special sits space.

Looks like they have a pretty broad mandate across the cap structure - contractual / asset based financing, specialty finance, lender finance, leasing, etc.

FlybyWilly · Accepted Answer

I agree with Pan Euro Monkey. Not necessarily just 'securitized credit,' though, but think more asset finance. "Alternative" here means "alternative" from corporate credit solutions. This encompasses music/drug royalties, specialty finance like equipment leases, factoring, NPL portfolios, asset based finance (think asset finance teams at Castlelake/CarVal/etc). This is very different from buying sec or unsec TLs or bonds on the secondary market in hopes of trading up or taking control of a going concern operating business.

Black-Panther-25 · Answer

Brigade, Victory Park, Atalaya, Vardë, Castlelake, CarVal, BC Partners Credit, etc.

Pan European Monkey · Answer

You are usually lending against assets/streams of cashfows not businesses. It’s somewhat more “FIG” like & NPLs. Its a great strategy and a lot of money is going into the space but you’d likely be locked in the space. Would be much harder to move into PE/Distressed…

nick7575 · Answer

I've heard with the new fundraising they're pivoting to include more opp. credit / tac. opp. style strategies. Senior team seems pretty strong, definitely securitized background (Fortress) but also some broader special opportunities lending.

Wouldn't be sure about exit opps / comp / culture. I'll defer to those who are more knowledgeable.

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Thoughts on Ares Alternative Credit

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Thoughts on Ares Alternative Credit

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