Ares Capital Corporation Appoints Kort Schnabel As Chief Executive Officer
02/05/25, 11:15 AM
Location
los angelesPosition
chief executive officer
Ares Capital Corporation announced the appointment of Co-President Kort Schnabel as Chief Executive Officer, effective April 30, 2025. Concurrently, Kipp deVeer will be stepping down as CEO and will remain a member of the Board of Directors, while Jim Miller will continue as the Company's sole President.
Company Info
Location
los angeles, california, united states
Additional Info
Ares Management Corporation is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2023, Ares Management Corporation's global platform had approximately $395 billion of assets under management and over 2,800 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com. Follow Ares on Twitter @Ares_Management.