Thursday, 23 February 2017
Last updated 13 hours ago
Jan 10 2017 | 11:18pm ET
Ares Management has named former Oaktree Capital management executive Scott Graves as a partner in the company’s private equity group based in Los Angeles.
In his new role, Graves will lead the Ares Special Situations Funds platform as portfolio manager and head of distressed, Ares said in a statement Monday. His primary responsibilities will include overseeing investments within the Special Situations strategy and expanding Ares’ distressed capabilities across the firm.
Additionally, he will serve as a member of the Ares’ Special Situations and ACOF Investment Committees, the company said.
Prior to joining Ares, Graves spent more than 15 years at Oaktree in various capacities as a senior executive and investment professional before leaving last September. From 2013 through 2016, he was Oaktree’s head of credit strategies and responsible for a substantial portion of Oaktree’s credit platform, managed investment portfolios spanning the breadth of Oaktree’s credit strategies and was active in Oaktree corporate management.
From 2001 through 2013, Mr. Graves was as an investment professional in Oaktree’s Distressed Opportunities, Value Opportunities and Strategic Credit strategies, where he served as a co-PM, and from 2010 to 2015, he managed Oaktree’s corporate and strategic development group, leading the firm’s product step-outs into emerging market credit, strategic credit, value equities, infrastructure, the enhanced income strategies, structured credit and senior secured lending.
“We have had the pleasure of knowing Scott professionally and personally for the better part of 20 years. Scott has exceptional experience in investing, leading teams and building businesses, and we are excited to have him join our leading Private Equity franchise,” said David Kaplan and Bennett Rosenthal, Ares’ co-founders, in a joint statement.
Founded in 1997 and publically traded, Ares Management is a leading global alternative asset manager with approximately $100 billion of assets under management as of September 30, 2016. The firm operates in three distinct investment groups: Credit, Private Equity and Real Estate.