Scott Graves Joins Ares Management, L.P. as Partner in the Ares Private Equity Group
09 January 2017 - 10:30PM
Business Wire
Seasoned Credit Investor to Become Portfolio
Manager for Special Situations Platform and Head of
Distressed
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170109005265/en/
Media:Mendel CommunicationsBill Mendel,
212-397-1030bill@mendelcommunications.comorInvestors:Ares
Management, L.P.Carl Drake, 800-340-6497cdrake@aresmgmt.com
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