Ares Management Buys $3.5B High-Quality Portfolio Of Asset Backed Loans
Portfolio Pulse from Lekha Gupta
Ares Management Corp (ARES) has acquired a $3.5 billion high-quality portfolio of asset-backed loans from PacWest Bancorp (PACW). The portfolio includes senior-secured loans backed by assets across various industries and asset classes, such as consumer loans, auto loans, and real estate loans.
June 26, 2023 | 2:25 pm
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POSITIVE IMPACT
Ares Management Corp acquires a $3.5 billion high-quality portfolio of asset-backed loans from PacWest Bancorp, enhancing its Alternative Credit portfolio.
The acquisition of the $3.5 billion high-quality portfolio of asset-backed loans will enhance Ares Management's Alternative Credit portfolio, potentially leading to increased revenues and growth for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
PacWest Bancorp sells a $3.5 billion high-quality portfolio of asset-backed loans to Ares Management Corp.
PacWest Bancorp's sale of the $3.5 billion high-quality portfolio of asset-backed loans to Ares Management Corp may result in a short-term cash influx for the company, but the long-term impact on its business is uncertain.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100