Seasoned Credit Investor to Become Portfolio Manager for Special
Situations Platform and Head of Distressed
LOS ANGELES--(BUSINESS WIRE)--
Ares Management, L.P. (NYSE:ARES) announced today that Scott Graves has
joined the firm as a Partner in Ares’ Private Equity Group based in Los
Angeles. Mr. Graves will lead the Ares Special Situations Funds platform
as Portfolio Manager and Head of Distressed. His primary
responsibilities will include overseeing investments within the Special
Situations strategy and expanding Ares’ distressed capabilities across
the firm. Additionally, Scott will serve as a member of the Ares’
Special Situations and ACOF Investment Committees.
“We have had the pleasure of knowing Scott professionally and personally
for the better part of 20 years. Scott has exceptional experience in
investing, leading teams and building businesses, and we are excited to
have him join our leading Private Equity franchise,” said David Kaplan
and Bennett Rosenthal, Ares’ Co-Founders, Partners, and Co-Heads of
Private Equity. “We are confident that he will have a tremendous impact
on the management of our special situations funds and the further
development of our global distressed investing capabilities.”
A 23-year industry veteran and a highly recognized and respected credit
investor, Mr. Graves’ departure from Oaktree Capital Management was
announced at the end of September 2016. Mr. Graves spent over 15 years
at Oaktree in various capacities as a senior executive and investment
professional. From 2013 through 2016, Mr. Graves served as Oaktree’s
Head of Credit Strategies and Portfolio Manager of Multi-Strategy
Credit. He was responsible for a substantial portion of Oaktree’s credit
platform, managed investment portfolios spanning the breadth of
Oaktree’s credit strategies and was active in Oaktree corporate
management, serving on the Capital and Risk Management Board, the Senior
Leadership Counsel, the Product Governance Board and the Project
Steering Committee. From 2001 through 2013, Mr. Graves was as an
investment professional in Oaktree’s Distressed Opportunities, Value
Opportunities and Strategic Credit strategies, where he served as a
Co-Portfolio Manager. From 2010 to 2015, Mr. Graves also managed
Oaktree's corporate and strategic development group, leading the firm's
product step-outs into emerging market credit, strategic credit, value
equities, infrastructure, the enhanced income strategies, structured
credit and senior secured lending.
Mr. Graves said, “I am thrilled to join long-time friends and new
colleagues in Ares’ Private Equity Group. Ares is a unique and special
platform. The opportunity to oversee special situations fund management
and further develop global distressed investing capabilities against the
market backdrop of increased uncertainty is an exciting combination.”
About Ares Management, L.P.
Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $100 billion of assets under management
as of September 30, 2016, pro forma for Ares Capital Corporation’s
acquisition of American Capital, Ltd., which closed on January 3, 2017,
and more than 15 offices in the United States, Europe and Asia. Since
its inception in 1997, Ares Management has adhered to a disciplined
investment philosophy that focuses on delivering strong risk-adjusted
investment returns throughout market cycles. Ares Management believes
each of its three distinct but complementary investment groups in
Credit, Private Equity and Real Estate is a market leader based on
assets under management and investment performance. Ares Management was
built upon the fundamental principle that each group benefits from being
part of the greater whole. For more information, visit www.aresmgmt.com.
Forward Looking Statements
Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in Ares Management’s filings with the Securities and
Exchange Commission. Ares Management undertakes no duty to update any
forward-looking statements made herein.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170109005265/en/
Media:
Mendel Communications
Bill Mendel, 212-397-1030
[email protected]
or
Investors:
Ares
Management, L.P.
Carl Drake, 800-340-6497
[email protected]
Source: Ares Management, L.P.
