Ares Commercial Finance Adds West Coast Managing Director
LOS ANGELES – September 26, 2019 – Ares Commercial Finance (“ACF”) announced that James Paterson has joined as Managing Director, Business Development Officer in Los Angeles, where he will focus on originating asset-based lending opportunities on the West Coast. Mr. Paterson reports to John Nooney, Managing Director at ACF.
Mr. Paterson joins Ares from PNC Bank, where he was a Senior Vice President, Business Development in the Business Credit Group. He focused on originating asset-based lending opportunities in the middle market in Southern California. Previously, Mr. Paterson was a Vice President, Business Development at CIT, where he was responsible for originating middle market, asset-based lending opportunities in Southern California and leading the business development efforts of CIT's supply chain finance capability across the US. In addition, Mr. Paterson has worked in both Los Angeles and New York at Credit Suisse First Boston, Donaldson, Lukfin & Jenrette, GE Capital, Jefferies & Co. and Ocean Capital Partners.
ACF is the asset-based lending team of Ares Management Corporation. ACF is focused on providing credit facilities ranging from $10 million to $150 million to middle market and lower-middle market, private and public companies; and addresses a wide scope of industries including manufacturing, distribution, wholesale, retail and service companies. These facilities include revolving lines of credit and term loans, asset-based and cash flow stretch loans, and asset-backed facilities to specialty finance companies. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible and customized financing solutions. These financing solutions may be structured as working capital financing, bridge financing, turnaround financing, acquisition financing, debtor-in-possession financing, and special accommodation financing. For more information about Ares Commercial Finance, visit www.arescommercialfinance.com.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating three integrated businesses across Credit, Private Equity and Real Estate. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Our global platform had $142 billion of assets under management as of June 30, 2019 and employs more than 1,000 employees in over 20 offices across four continents. Please visit www.aresmgmt.com for additional information.
Bill Mendel, 212-397-1030