Ares Management Launches Ansley Park Capital

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment. Ansley Park’s management team and integrated operating platform were acquired from BciCapital, Inc. (“BciCapital”), a top 50 Monitor 100 company and the equipment finance business of regional bank City National Bank of Florida. Ansley Park will offer scaled, flexible equipment-based capital solutions ranging from $5 million to over $100 million to a diversified array of industries, including manufacturing, rail, construction, marine, infrastructure, energy, healthcare and corporate air travel. Ares Alternative Credit funds have committed approximately $400 million in initial equity capital to support originations, which the team expects to be in excess of $3 billion.

Ansley Park is led by seasoned industry executives, including Eric Miller, Mark Trollinger and Robert Seltzer. Members of the executive team have worked together for over 20 years and bring combined experience of over 150 years in commercial, risk, finance and operational executive roles.

Mr. Miller will serve as Ansley Park’s President & Chief Executive Officer. He most recently served as Chief Executive Officer at BciCapital, where he led the company’s equipment finance business. Prior to that, Mr. Miller served as President of CIT Asset Finance, where he led CIT’s large-ticket asset backed finance businesses, and as a Managing Director at GE Capital.

Mr. Trollinger will serve as Ansley Park’s Chief Investment Officer & Head of Capital Markets. He has over 40 years of experience in banking and equipment finance and has held various senior positions with direct involvement in all aspects of operations, underwriting, portfolio and asset management, structuring and marketing. Mr. Trollinger most recently served as Chief Investment Officer & Head of Capital Markets at BciCapital. Prior to that, Mr. Trollinger was co-head of Wachovia’s (now Wells Fargo) equipment finance platform.