2024 Summer Analyst, Private Equity (Ares Corporate Opportunities Fund)
Ares 2024 Summer Analyst Program
Private Equity – Ares Corporate Opportunities Fund (“ACOF”)
As a summer analyst, you will learn about our specializations, build valuable skillsets, and cultivate exceptional relationships.
Ares Overview
Ares Management Corporation (NYSE: ARES) 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 20, 2022, Ares Management Corporation's global platform had approximately $341 billion of assets under management, with approximately 2,500 employees operating across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
Ares believes each of its investment groups is a market leader based on assets under management and investment performance. Our three distinct but complementary investment groups have the ability to invest across a company’s capital structure—from senior debt to common equity. The Firm was built upon the fundamental principle that each group benefits from being part of the broader platform. We believe the synergies from this multi-asset strategy provide our professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value.
Since our inception in 1997, we have adhered to a disciplined investment philosophy that focuses on delivering compelling risk-adjusted investment returns throughout market cycles. We strive to maintain a consistent credit-based approach in targeting well-structured investments in high quality businesses and real estate assets. We believe our growth in becoming one of the largest alternative asset managers is a testament to our experienced management team, focus on performance and high quality investor base, which includes large pension funds, university endowments, sovereign wealth funds, banks and insurance companies.
About Private Equity
Our Private Equity Group has achieved compelling risk-adjusted investment returns for a loyal and growing group of high-profile limited partners and has approximately $35.3 billion of assets under management as of September 20, 2022. The Private Equity Group broadly categorizes its investment strategies as corporate private equity, special opportunities, energy opportunities and infrastructure and power. The private equity professionals have a demonstrated ability to deploy flexible capital, which allows them to stay both active and disciplined in various market environments. The group's activities are managed by investment teams in North America and Europe, and to a lesser extent, China. The group manages flagship corporate private equity funds focused on North America and Europe, special opportunities, an energy opportunities fund, infrastructure and power funds and related co-investment vehicles and two China growth funds. Our team focuses on driving shared success by protecting and growing the capital of our Limited Partners, creating long-term value for our shareholders and aligning our interests with business partners.
The Private Equity Summer Analyst Experience
Our internship experience seeks to enrich your knowledge of our businesses and the industry at large. You will be challenged to explore, grow, and cultivate the skills necessary to succeed and make your way. Successful candidates have the opportunity to spend the program duration of 10 weeks in either the Ares Special Opportunities or Corporate Opportunities group. Resumes will be accepted and reviewed on a rolling basis, and candidates should only apply to either the Corporate Opportunities or Special Opportunities group, not both.
Private Equity Summer Analyst Roles & Responsibilities:
The Corporate Opportunities team seeks to invest in high quality, growth-oriented, companies in North America and Europe. We seek to invest in companies with strong existing management teams where our capital can accelerate and maximize growth over the lifecycle of the investment. We add value to our management partnerships by capitalizing the company for growth at entry; utilizing our network to enhance resources available to fully exploit a company’s potential; leveraging our experience in capital markets activities; implementing best practices; and assisting with strategic value-add initiatives, such as acquisitions.
Summer Analysts on the Corporate Opportunities Fund team will work with teams of private equity investment professionals on the sourcing, evaluation, and execution of investments across multiple industries and platforms, including: leveraged buyouts, growth equity, distressed credit, and rescue capital.
Responsibilities will include:
- Understanding the due diligence process
- Structuring, underwriting, and closing equity and debt investments across diverse industries
- Building and updating integrated financial models
- Analyzing company and industry research
- Gaining exposure to investment recommendations and preparing investment committee memos
- Evaluating relative value and how to “price” the risk vs. reward of an investment opportunity
Who We Are Looking For
This program is open to undergraduate students who are intellectual, demonstrate professional drive and have a record of excellence in prior vocations. In addition to interest in financial markets and investments, strong analytical skills and poise in a fast-paced team environment, successful candidates for this role will have:
- A passion for contributing to and operating within a collaborative corporate culture
- Knowledge of finance and accounting; previous experience in these areas a plus but not required
- General aptitude and willingness to learn
- Superior oral and written communication skills
- Novice to intermediate Microsoft Excel skills
- Exceptional attention to detail and proven ability to multi-task
- Initiative and a strong entrepreneurial mindset
- Critical thinking ability with the capacity to research solutions and be a problem solver
Additionally:
- Are currently enrolled as an undergraduate student, ideally majoring in Finance or Economics
- Have an anticipated graduation date between December 2024 and August 2025
- Have a track record of academic excellence and participation in campus activities
Location: Los Angeles, CA
Duration: 10 weeks
Compensation: Paid Internship - the total base salary (subject to change) is expected to be $110,000 (prorated over 10 weeks).
Accommodations: Relocation stipend
Reporting Relationships
Partner, Co-Head of Private Equity Group, Portfolio Manager and Head of Special Opportunities