Ares Capital Corp at Bank of America Financial Services Conference Transcript

Mar 02, 2024

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Feb 21, 2024 / 05:50PM GMT
Derek Russell Hewett - BofA Securities, Research Division - VP

Good afternoon. I'm Derek Hewett from Bank of America Securities. I cover the Specialty Finance Sector, including Business Development companies. With us today is Kort Schnabel, he is Co-President of Ares Capital Corporation, and also a partner and Co-Head of Direct Lending at Ares Management. So thank you for joining us.

Questions and Answers:

Derek Russell Hewett - BofA Securities, Research Division - VP

So Kort, maybe could you start off by providing a brief history of Ares Capital and then maybe discuss the investment strategy and then your -- what you believe is the competitive advantage of the firm?

Kort Schnabel - Ares Capital Corporation - Co-President, Partner & Co-Head of U.S. Direct Lending

Sure. Thanks, Derek. Thanks, everyone. Great to be here to talk a little bit about Ares Capital Corporation today. So I guess on the history piece, starting there, we had our IPO at Ares Capital Corporation back in 2004. We went public with a

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