Ares Management secures $3.5bn PacWest specialty finance loan portfolio

Ares Management secures $3.5bn PacWest specialty finance loan portfolio

Ares Management Corporation, a global alternative investment manager, announced the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp, a California-based bank holding company. This transaction was carried out by funds under the Ares Alternative Credit strategy, reinforcing their position in the specialty finance sector. Paul Taylor — PacWest Bancorp President and […]

Ares Management acquires Capital Automotive for $3.8bn from Brookfield

Ares Management acquires Capital Automotive for $3.8bn from Brookfield

Funds managed by Ares Management’s Alternative Credit strategy and Real Estate Group have purchased Capital Automotive from a private real estate fund of Brookfield for $3.8 billion. Capital Automotive, which is based in McLean, Virginia, is a real estate company that offers automotive dealers in the US and Canada customized, sale-leaseback capital to help them […]