Ares Management Corporation Further Expands Secondary Solutions Group
10 Januar 2022 - 12:30PM
Business Wire
Partners Sebastien Burdel and Luca Salvato
Joining Ares with Combined 30+ Years of Industry Experience to
Enhance Global Reach and Capture Growing Market Opportunity
Ares Management Corporation (“Ares”) (NYSE: ARES) announced
today that industry veterans Sebastien Burdel and Luca Salvato are
joining as Partners in the Ares Secondary Solutions Group. They
will work alongside Ares’ existing teams in both New York and
London to directly originate new secondary market investment
opportunities and leverage Ares’ substantial presence in the U.S.
and Europe. These additions underscore the growth and significant
demand for complex secondary liquidity solutions as well as Ares’
commitment to further expand its Secondary Solutions Group
globally.
Mr. Burdel, who is based in London, and Mr. Salvato, who is
based in New York, are the two founding partners of Spring Bridge
Partners (“Spring Bridge”), a specialist investment firm they
established in 2017 to focus on private equity secondary market
transactions. They bring more than $150 million in assets under
management to Ares.
Prior to founding Spring Bridge, Mr. Burdel was a Partner at
Coller Capital, which he joined in 2003. While at Coller, he served
on the firm's global Investment Committee and Strategic Committee
and on the advisory boards of key underlying investments. Prior to
joining Coller, Mr. Burdel began his career with General Electric,
where he held several positions in the firm’s Private Equity and
M&A units.
Prior to founding Spring Bridge, Mr. Salvato was a Partner at
Coller Capital, which he joined in 2000. While at Coller, he served
on the firm’s global Investment Committee and on the advisory
boards of key underlying investments and was an integral part of
fundraising efforts for the firm. Prior to joining Coller, Mr.
Salvato worked at Credit Suisse First Boston in its Investment
Banking Group in London.
In addition to Messrs. Burdel and Salvato, Clement Beaudin will
also join Ares’ Secondary Solutions Group in London as a Principal.
Prior to joining Spring Bridge Partners in 2019, Mr. Beaudin was an
Investment Manager at Coller Capital, which he joined in 2015.
“We are pleased to welcome Sebastien, Luca and Clement, who
collectively bring deep experience in utilizing bespoke and
customized liquidity solutions across both limited partner and
general partner transaction types,” said Francisco Borges, Partner
and Co-Head of Ares’ Secondary Solutions Group. “We have known them
for many years, and they are highly-regarded professionals in our
asset class with demonstrated direct origination capabilities and a
unique understanding of global market dynamics. Their substantial
experience, relationships and shared values complement our
longstanding, experienced Ares Secondary Solutions team as we
continue to expand our global platform.”
“Luca, Clement and I are excited to be joining Ares at this
dynamic time for both the Company and the secondaries asset class,”
said Mr. Burdel. “In founding Spring Bridge four years ago, Luca
and I saw the remarkable potential for secondary market growth and
an opportunity to build a great business through strong networks
and a specialized investment focus. Over that time, we have
successfully grown Spring Bridge, and we believe that by combining
with Ares’ Secondary Solutions team, we will be able offer more
comprehensive and differentiated solutions to our
counterparties.”
“We have long known and admired the Landmark Partners team and
have seen the key benefits of the highly strategic decision to
partner with Ares,” said Mr. Salvato. “By joining Ares’ leading
global platform, we believe we will have significant advantages to
further scale our business in the rapidly growing secondaries
sector. Importantly, we share a deep understanding of investors’
needs as well as an entrepreneurial mindset and focus on
collaboration that further strengthens our excitement in becoming
part of the Ares team.”
About Ares Management Corporation
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 30, 2021, Ares Management Corporation's
global platform had approximately $282 billion of assets under
management, with approximately 2,000 employees operating across
North America, Europe, Asia Pacific and the Middle East. For more
information, please visit www.aresmgmt.com. Follow Ares on Twitter
@Ares_Management.
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Media Jacob Silber +1 212-301-0376
jsilber@aresmgmt.com
Investors Carl Drake +1 888-818-5298
cdrake@aresmgmt.com
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