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Ares Management raises $3.7 billion in sports, media and entertainment capital

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New York – (business wire)– ARES Management Corporation (“ARES”) (NYSE: ARES), one of the world’s leading alternative investment managers, today announced the launch of a $3.7 billion investment focused exclusively on sports leagues, teams and sports-related franchises. announced that it has raised dedicated capital for , media and entertainment companies. Ares Sports, Media and Entertainment Finance (“SME” or “Fund”) is Ares’ first sector-focused fund and includes equity commitments totaling approximately $2.2 billion. Including expected leverage and related trading vehicles, the total capital available to SME is expected to be $3.7 billion. The fund has been subscribed to surpass his initial goal of $1.5 billion.

Through SME, Ares employs a global and flexible private capital strategy, investing across its entire capital structure in both debt and equity, including senior debt, junior debt, preferred equity and minority equity in targeted investments. To date, SME has invested capital in 19 portfolio companies, representing approximately $1 billion in opportunities across the sports, media and entertainment world, including a debt and/or equity investment in Atlético. I’m here. De Madrid, San Diego Padres, McLaren Racing, Inter Miami CF. The fund leverages the scale and strength of the global Ares platform, including a strong procurement network and insights from senior management with extensive expertise and relevant relationships across the sector.

In addition to its investment team and portfolio management functions, Ares also established an advisory board of sports, media and entertainment executives, advisors, investors and athletes. Board members enable enhanced operational capabilities and provide a differentiated perspective that draws additional resources into strategy. Members of the Advisory Board are:

  • Sportsology Executive Chairman Mike Forde said:

  • Mia Hamm, Former FIFA Player, Co-Owner of Los Angeles Football Club

  • Grant Hill, Former NBA Player, Co-Owner of the Atlanta Hawks

  • Michael Linton, Chairman of Snap Inc. and former CEO of Sony Pictures

  • Lionel Richie, Oscar-, Golden Globe- and Grammy-winning international recording artist

  • John Skipper, former president and ex-executive of ESPN. Chairman of DAZN Group

  • Mark Teixeira, Former MLB Player, ESPN Analyst

Mark Affolter, Partner and Co-Head of U.S. Direct Lending at Ares, said: “We have witnessed tremendous demand for new original content among fans, streaming platforms and networks. We now need scalable capital.”

“The sports, media and entertainment markets are seeing strong growth driven by rising media rights values ​​and compelling fundamentals,” said Jim Miller, Partner and Co-Head of US Direct Lending at Ares. increase. “This demand and proprietary procurement will allow the Fund to invest in some of the most iconic franchises in the world, providing a significant opportunity to provide flexible solutions to address supply and demand imbalances within the sector. will continue to be seen.”

“Ares brings decades of experience in providing customized financing that fills the funding gaps left by traditional capital providers. With our investment experience, we believe we can add value for our investors and produce high-quality, risk-adjusted investment performance.”

About Ares Management Corporation

ARES Management Corporation (NYSE: ARES) is a leading global alternative investment manager, providing clients with complementary primary and secondary investment solutions across credit, private equity, real estate and infrastructure asset classes. We aim to provide flexible capital to support businesses and create value within our stakeholders and communities. By working together across our investment group, we aim to generate consistent and attractive investment returns across market cycles. As of June 30, 2022, Ares Management Corporation’s global platform has approximately $334 billion in assets under management and more than 2,300 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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