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Ares Capital Corporation Appoints Kort Schnabel As Chief Executive Officer

Feb 05, 202511 months ago

Position

Chief Executive Officer

Company

Ares Capital Corporation

Kort Schnabel
Los Angeles

Description

Ares Capital Corporation announced the appointment of Co-President Kort Schnabel as Chief Executive Officer, effective April 30, 2025. Concurrently, Kipp deVeer will be stepping down as CEO and will remain a member of the Board of Directors, while Jim Miller will continue as the Company's sole President.

Company Information

Company

Ares Capital Corporation

Location

Los Angeles, California, United States

About

Ares Management Corporation 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, 2023, Ares Management Corporation's global platform had approximately $395 billion of assets under management and over 2,800 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.

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Executive Insights

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New executive impact window
87% of new executives make significant technology decisions within first 100 days
Budget influence
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Transformation catalyst
65% of new senior hires launch digital transformation initiatives
Vendor review timeline
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