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Ares Management Corp

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sports2 years ago

Inter Miami Secures $75 Million Investment from Ares Management for Messi's Arrival

Ares Management Corp. has invested $75 million in Inter Miami CF, marking its second investment in the MLS franchise. The funds will be used for growth initiatives, including the club's stadium project. Inter Miami's valuation is expected to increase significantly following Lionel Messi's signing, with managing owner Jorge Mas predicting the club could be worth $1.5 billion next year. Messi has already agreed to a 2 ½-year contract with Inter Miami, and his arrival has given the club and the league a larger global platform. Ares' initial investment in 2021 was the first private equity buy into an MLS franchise.

finance2 years ago

Ares Management acquires $3.5 billion loan portfolio from PacWest.

PacWest Bancorp has sold a $3.5bn asset-backed loan portfolio to Ares Management Corp. in a bid to improve liquidity by selling assets to private investment firms. The portfolio purchased by Ares has an aggregate commitment amount of $3.54bn, including an outstanding principal balance of $2.21bn. Private equity and private credit shops are among the few firms with the capital and appetite needed to buy sizable amounts of consumer assets originated by bigger banks.