Ares Management Acquires $3.5 Billion Lender Finance Portfolio From Pacific Western Bank
Acquiring Company
Ares
Acquired Company
3.5 Billion Lender Finance Portfolio
Los AngelesProfessional ServicesEnergyOil And GasFinancial ServicesReal EstateFinanceReal Estate InvestmentVenture CapitalAngel InvestmentRenewable EnergyFintechLendingAsset ManagementDescription
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that certain funds managed by its Alternative Credit strategy (“Alternative Credit”) have completed the acquisition of a $3.5 billion specialty finance loan portfolio (the “Portfolio”) from PacWest Bancorp (Nasdaq: PACW).
Quick answer
Ares is acquiring 3.5 Billion Lender Finance Portfolio for $3.5 billion, announced June 26, 2023. Ares is based in Los Angeles, California, United States.
- How much did Ares pay for 3.5 Billion Lender Finance Portfolio?
- The reported deal value is $3.5 billion.
- What does Ares do?
- Ares Management Corporation is a global alternative asset manager specializing in private equity, real estate, private debt, and public equity.
- Where are Ares and 3.5 Billion Lender Finance Portfolio based?
- Ares is based in Los Angeles, California, United States.
- Who are the decision-makers at Ares?
- Fundz holds 2 contacts at Ares. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired 3.5 Billion Lender Finance Portfolio?
3.5 Billion Lender Finance Portfolio was acquired by Ares, based in Los Angeles. The deal was reported on June 26, 2023. Ares Management Corporation is a global alternative asset manager specializing in private equity, real estate, private debt, and public equity. Ares is publicly traded (ARES) and operates in Professional Services.
When did Ares acquire 3.5 Billion Lender Finance Portfolio?
Ares's acquisition of 3.5 Billion Lender Finance Portfolio was reported on June 26, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does 3.5 Billion Lender Finance Portfolio do?
3.5 Billion Lender Finance Portfolio is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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