NEW YORK - Ares Management Corporation (NYSE:ARES), a prominent global alternative investment manager, has established Ansley Park Capital, a new specialty finance company providing tailored financing solutions for high-value equipment.
The venture, backed by approximately $400 million in equity from Ares Alternative Credit funds, aims to originate over $3 billion in financing for a range of industries, including manufacturing and healthcare.
Ansley Park Capital, which has acquired its management team and operating platform from BciCapital, Inc., will offer capital solutions for essential-use equipment, with individual deals ranging from $5 million to upwards of $100 million.
The company's leadership includes industry veterans Eric Miller, Mark Trollinger, and Robert Seltzer, who collectively bring over a century and a half of experience in commercial and financial executive roles.
Eric Miller, former CEO of BciCapital, will lead Ansley Park as President and CEO. He is joined by Mark Trollinger as Chief Investment Officer & Head of Capital Markets, and Robert Seltzer as Executive Vice President, Head of Direct Originations. Their combined expertise is expected to drive the company's ability to meet the financing needs of U.S. businesses.
Joel Holsinger, Partner and Co-Head of Ares Alternative Credit, expressed confidence in the new company's capacity to navigate the evolving equipment finance landscape. Ansley Park is also positioned to collaborate with banks on capital markets transactions, acquire finance portfolios, and develop structured programs for balance sheet optimization.
Ares Alternative Credit, with approximately $33.9 billion in assets under management as of December 31, 2023, manages a diverse range of asset-based credit investments. Ares Management Corporation oversees roughly $419 billion in assets and employs around 2,850 people globally.
This new venture is reported based on a press release statement from Ares Management Corporation.
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