Wednesday, May 22, 2024

Ansley Park Capital: Ares Management Corporation’s Novel Initiative in Specialty Finance and Lending

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Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, has unveiled the launch of Ansley Park Capital, a novel lending and specialty finance entity. This initiative, operated by funds managed under the Ares Alternative Credit strategy, pioneers in delivering expansive, custom financing solutions catering to essential-use, large-ticket equipment. With an initial equity capital commitment of approximately $400 million from Ares Alternative Credit funds, Ansley Park is poised to generate originations surpassing $3 billion.

Ansley Park emerges from Ares’ acquisition of the management team and integrated operating platform of BciCapital, Inc., a renowned top 50 Monitor 100 entity and the equipment finance division of City National Bank of Florida. The new entity aims to provide comprehensive equipment-based capital solutions, with transaction sizes ranging from $5 million to over $100 million. It will serve an eclectic mix of industries including manufacturing, rail, construction, marine, infrastructure, energy, healthcare, and corporate air travel, to name a few.

The helm of Ansley Park is entrusted to an experienced cadre of industry veterans — Eric Miller, Mark Trollinger, and Robert Seltzer. These executives combine over 150 years of comprehensive experience in commercial, risk, finance, and operational leadership. Together, they herald a new era for Ansley Park Capital, underpinned by profound industry insight and a collaborative history spanning two decades.

Eric Miller assumes the role of President & Chief Executive Officer at Ansley Park. His prior engagement as CEO at BciCapital showcased his leadership in the equipment finance arena. Mark Trollinger, with a robust banking and equipment finance background, steps in as Chief Investment Officer & Head of Capital Markets. Robert Seltzer, recognized for his significant contributions at BciCapital as Chief Commercial Officer, will lead as Executive Vice President, Head of Direct Originations.

Joel Holsinger, Partner and Co-Head of Ares Alternative Credit, expressed enthusiasm about the collaboration, highlighting the team’s comprehensive industry expertise. This foundation allows Ansley Park to provide vital support to businesses integral to the U.S. economy through tailored capital deployment. Furthermore, Ansley Park aims to extend its service reach by engaging with banks in capital markets transactions, purchasing equipment finance portfolios, and devising structured flow programs and equipment-centric capital optimization solutions.

The initiative represents a significant investment by Ares Alternative Credit in the asset-based credit domain. With approximately $33.9 billion of assets under management as of the end of 2023, Ares Alternative Credit is among the leaders in investing across specialty finance sectors, driven by a commitment to deliver consistent, attractive investment returns.

Ares Management Corporation stands as a global beacon in alternative investment management, with a sprawling platform that had about $419 billion of assets under management as of the last count in December 2023. Spanning credit, private equity, real estate, and infrastructure asset classes, Ares Management Corporation embodies investment excellence and community commitment across its multifaceted endeavors.

Ansley Park Capital, through bespoke and flexible equipment financing solutions, elucidates Ares Management Corporation’s dedication to innovation and client success in the essential-use, large-ticket equipment financing sector. As Ansley Park Capital navigates the future, it brings a promise of comprehensive financing solutions tailored to the diverse needs of its clientele. For further information, please visit www.ansleyparkcapital.com.

Alexandra Bennett
Alexandra Bennetthttps://www.businessorbital.com/
Alexandra Bennett is a seasoned business journalist with over a decade of experience covering the global economy, finance, and corporate strategies. With a Bachelor's degree in Economics and a Master's in Business Journalism from Columbia University, Alexandra has built a reputation for her insightful analysis and ability to break down complex economic trends into understandable narratives. Prior to joining our team, she worked for major financial publications in New York and London. Alexandra specializes in mergers and acquisitions, market trends, and economic

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