July 2024
Ansley chooses Deutsche Bank Trust and Agency Services
Deutsche Bank partners with Ares to support the strategic growth of Ansley Park Capital through a committed scaled warehouse facility
Ares Management’s Alternative Credit strategy (Ares) has launched Ansley Park Capital (Ansley Park), a lending and specialty finance platform focused on delivering flexible and customised financing solutions for essential-use, large-ticket equipment and machinery across a multitude of asset types and industries.
Backed by strategic equity capital from Ares Alternative Credit funds, Ansley Park is positioned to leverage the power of the Ares platform to drive equipment finance originations, which are anticipated to exceed US$3bn over time.
Ares has secured a financing facility from Deutsche Bank AG, New York Branch to support product originations by Ansley Park. The facility will enable Ansley Park to provide customers best in class equipment financing solutions. Deutsche Bank AG, New York Branch acts as the facility agent and Deutsche Bank Trust & Agency Services (TAS) has been selected as the account bank, verification agent and Delaware trustee on this committed warehouse facility for Ares.
By way of background, a committed warehouse facility is secured on the borrower’s equipment loan and lease inventory. This is used as collateral and normally moved to a designated facility where the goods are inspected and certified by a collateral manager.
“The financing partnership with Deutsche Bank established through this inaugural credit facility represents a key milestone in the continued growth and expansion of the Ansley Park platform. This financing, coupled with Ares’ equity sponsorship, uniquely positions Ansley Park to deliver flexible equipment capital solutions across a broad spectrum of industries which drive the U.S. economy,” said Ankur Patel, Partner at Ares.
Daniel Gerber, Managing Director, Deutsche Bank Securities Inc. noted, “Ansley Park’s management team has a proven track record of high-quality equipment lease originations. We are pleased to partner with Ares to provide this inaugural credit facility for Ansley Park Capital.”
Brian Studdert, Head of Trust & Agency Services, Americas, Deutsche Bank added, “We are excited to have been selected to serve as account bank, verification agent, and Delaware trustee for this warehouse facility, working in partnership with Deutsche Bank AG, New York Branch.”
About Ares Management Corporation
Further information about Ares Management Corporation is available at www.aresmgmt.com.