![]() ![]() ![]() Chamberlain Group is a global leader in smart access solutions across residential and commercial properties.Īres served as the joint lead arranger and joint bookrunner for a senior secured credit facility to support Clearlake Capital’s acquisition of Cornerstone OnDemand. Businessolver is a leading provider of SaaS-based benefits administration solutions and technology services.Īres served as the administrative agent, lead arranger and lead bookrunner for a senior secured credit facility to support Blackstone’s acquisition of Chamberlain Group. ![]() BioIVT is a leading provider of mission-critical biological specimens and related services for the pharmaceutical discovery and development market.Īres served as the administrative agent for a senior secured credit facility to support Stone Point Capital’s acquisition of Businessolver. “During 2021, our incumbent relationships and large client base of over 600 sponsors provided significant competitive advantages with more than seventy percent of our transactions being completed with existing sponsor relationships."īelow is a description of selected transactions that Ares closed during the fourth quarter.Īres served as the administrative agent, lead arranger, and bookrunner for a senior secured credit facility to support Linden Capital Partners’ acquisition of BioIVT. "We closed out a record year as our direct lending investment activity reflects both an expanding market for flexible capital solutions and Ares’ increased scale," said Kipp deVeer, Head of the Ares Credit Group. This compares to the $7.3 billion in commitments closed across 68 transactions during the fourth quarter of 2020 and approximately $13.7 billion in commitments across 163 transactions in the year ended December 31, 2020. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $13.7 billion in commitments across 93 transactions during the fourth quarter of 2021 and approximately $33.4 billion in commitments across 269 transactions in the year ended December 31, 2021. direct lending strategies more than doubled to $33.4 billion in 2021. LOS ANGELES-( BUSINESS WIRE)-Ares Management Corporation (NYSE: ARES) announced today that new financing commitments made across its U.S. ![]()
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