FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Ares Commercial Finance Marks 10 Years as Commercial Finance Platform of Ares Management

June 10, 2024, 07:43 AM
Filed Under: Industry News

Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with the acquisition of the First Capital asset-based portfolio in 2015. Since the original acquisition, ACF has grown commitments at a [30.0]% CAGR with total commitments of ~$2.0 billion as of March 31, 2024. Through the years, ACF has expanded the team to over 40 full time employees, increased its footprint to eight offices and enhanced its product suite to include asset-based, asset-backed and priority cash flow revolvers and term loans, in addition to stretch ABL/FILO term loans, trade receivables securitizations, supply chain financings and equipment finance products.

“Ares Commercial Finance has experienced sustained growth over its 10-year history, a result of the power of the Ares Platform, our experienced team of professionals, and our ability to respond to changing market conditions,” said Ryan Cascade, Partner, and Head of Ares Commercial Finance. “I want to take this opportunity to thank and congratulate our entire team on what we have accomplished to date. Along with our partners, referral sources and borrowers, we should all be proud of what we have achieved together—and hopefully the best is yet to come.”







Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.