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With approximately $95 billion in assets under management, Ares Management, L.P. (NYSE:ARES) is one of the largest global alternative asset managers, with three complementary investment groups: credit, private equity and real estate. Ares Capital also co-manages with GE Commercial Finance Investment Advisory Services an unconsolidated senior debt fund, the Senior Secured Loan Fund, LLC. The SL Fund primarily invests in 'unitranche' loans (loans that combine both senior and subordinated debt, generally in a first lien position) of middle-market companies. The SL Fund was initially formed in December 2007 with approximately $3.6 billion of committed capital. The firm acquired its interests in the SL Fund from Allied Capital in October 2009. In addition, Ares' portfolio company, Ivy Hill Asset Management, serves as manager or sub-manager to seven funds. As of December 31, 2009, Ivy Hill Management had total committed capital under management of over $2.3 billion. Ares Capital and Ivy Hill Management collectively provide integrated private debt and non-control equity financing solutions to the middle market. Highly attractive sectors include basic and growth manufacturing, business services, consumer products, health care products and information technology services. More challenging or cyclical industries such as restaurants, retail, oil and gas, and technology are also considered. The firm's investments range from $30 million to $400+ million in companies with EBITDA of $10 - $250 million. For Venture financings, the firm will consider investments of $1 - $25 million. Ares acquired Energy Investors Funds ($4B in assets) in 2014. As of June 30, 2016, Ares managed approximately $95 billion across Credit, Private Equity, and Real Estate Groups in approximately 200 investment vehicles, with investments spanning across 5 continents. The firm has 395 portfolio companies.
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