Ares Management Corporation Adds New Capability in Investment Grade Private Credit
11 Janvier 2022 - 12:30PM
Business Wire
Jeffrey Hughes Joins as Managing Director of
New Private Placement Effort to Service Aspida and Other
Institutional Clients
Ares Management Corporation (NYSE: ARES) (“Ares”) announced
today that Jeffrey Hughes has joined the Ares Credit Group to lead
the firm’s new effort in sourcing and managing privately placed
investment grade credit investments.
In this newly created role, Mr. Hughes joins as a Managing
Director and reports to Kipp deVeer, Head of the Ares Credit Group.
He will work closely within Ares’ direct lending and alternative
credit teams to leverage the firm’s considerable industry and
corporate credit expertise. He will focus on investment-grade
private placement credit investments targeting industries such as
real estate, asset management, insurance, financial services,
infrastructure, industrials, and sports, media and
entertainment.
With more than 25 years of experience, Mr. Hughes joined Ares
from Nuveen LLC, where he was a Senior Director and was responsible
for sourcing, underwriting, and managing a portfolio of private
placements for TIAA and several third-party clients. Previously,
Mr. Hughes was a Vice President at Alliance Bernstein where he
focused on originating, underwriting, and managing a portfolio
primarily of investment grade private placements and high-yield
bank loans. He holds a B.A. from Temple University in Economics and
an M.B.A. from Bloomsburg University.
“Ares’ new investment grade private credit effort underscores
Ares Insurance Solutions’ commitment to utilizing the resources and
expertise across the Ares platform to originate tailored investment
solutions to support the continued growth of the Aspida platform
and our large insurance client base,” said Raj Krishnan, Partner
and Chief Investment Officer of Ares Insurance Solutions.
“Today’s announcement is yet another example of the combined
power of the Ares platform and how our teams collaborate across
strategies in order to deliver innovative solutions to our
investors,” added Joel Holsinger, Partner and Co-Head of
Alternative Credit. “This new effort allows us to further expand
our investment grade securities business and offer a wider variety
of products to our existing borrowers.”
“We are very pleased to have Jeff join us as we continue to
build broader investment portfolios for Aspida and our insurance
clients,” said Kipp deVeer, Partner and Head of the Ares Credit
Group. “His relationships and his investment experience in these
markets will enhance our capabilities in both direct lending and
alternative credit.”
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global
alternative investment manager offering clients complementary
primary and secondary investment solutions across the credit,
private equity, real estate and infrastructure asset classes. We
seek to provide flexible capital to support businesses and create
value for our stakeholders and within our communities. By
collaborating across our investment groups, we aim to generate
consistent and attractive investment returns throughout market
cycles. As of September 30, 2021, Ares Management Corporation's
global platform had approximately $282 billion of assets under
management, with approximately 2,000 employees operating across
North America, Europe, Asia Pacific and the Middle East. For more
information, please visit www.aresmgmt.com. Follow Ares on Twitter
@Ares_Management.
About Aspida
Aspida Holdings Ltd. (“Aspida”) is an indirect subsidiary of
Ares Management Corporation, which was created to execute on Ares
Insurance Solutions' plans to issue insurance and reinsurance
products for individuals and institutions seeking to fund their
long-term financial needs. Aspida employs a talented team of
experienced insurance professionals who leverage innovation and
technological advancement to drive change. Its cutting-edge
platform is geared at providing insurance solutions with speed and
simplicity, creating elegant digital experiences. With more than $3
billion in assets under management, as of September 30, 2021, and
supported by a team of more than 100 insurance industry
professionals, Aspida seeks to be a trusted partner focused on its
clients’ financial security and success. For more information,
please visit: www.aspida.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220110005742/en/
Media Priscila Roney +1 212-808-1185
proney@aresmgmt.com
Investors Carl Drake +1 888-818-5298
cdrake@aresmgmt.com
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