Evolution of Global Direct Lending and Opportunities Today Webinar
September 30 | 12:30 pm | 1 PL Credit
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The market opportunity for Direct Lending across the US, Europe, and Asia has evolved over the last several decades. Join Ares Management Credit Portfolio Manager and Direct Lending Co-Head, Mark Affolter as he discusses the evolution of the Direct Lending market and today’s opportunities caused by the COVID-19 market dislocation. Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated businesses across Credit, Private Equity, and Real Estate markets. As of June 30, 2020, pro forma for the acquisition of SSG Capital Holdings Limited which closed on July 1, 2020, Ares Management's global platform had approximately $165 billion of assets under management and more than 1,300 employees operating across North America, Europe, Asia, and Australia. As of June 30, 2020, the Ares Credit Group managed $77.7 billion of assets in Direct Lending, including Ares Capital Corporation (NASDAQ: ARCC), a market-leading Business Development Company.
About the speaker:
Mark Affolter is a Partner and Portfolio Manager in the Ares Credit Group, Co-Head of U.S. direct lending and a member of the Management Committee of Ares Management. Additionally, Mr. Affolter serves as a member of the Ares Credit Group's U.S. Direct Lending Investment Committee. Prior to joining Ares in 2008, Mr. Affolter was a Managing Director at CIT, where he focused on building its sponsor finance business. Previously, Mr. Affolter was a Senior Managing Director at GE Capital in its sponsor finance business and a Senior Vice President at Heller Financial, leading its mezzanine finance business in corporate finance. He currently serves on the Regional Committee of Washington University in St. Louis and holds an A.B. from Washington University in St. Louis in Economics.