Ares Management (a leading global alternative investment manager) announced that funds managed by its Alternative Credit strategy (Ares Alternative Credit) have launched Ansley Park Capital, a newly formed lending and specialty finance company that delivers full-spectrum, customized financing solutions for essential-use and large-ticket equipment.
Ansley Park’s management team and integrated operating platform were acquired from BciCapital, a top 50 Monitor 100 company, and the equipment finance business of regional bank City National Bank of Florida. And Ansley Park will offer scaled, flexible equipment-based capital solutions ranging from $5 million to over $100 million to a diversified array of industries, including manufacturing, rail, construction, marine, infrastructure, energy, healthcare and corporate air travel. Ares Alternative Credit funds committed approximately $400 million in initial equity capital to support originations, which the team expects to be more than $3 billion.
Ansley Park is headed by seasoned industry executives, including Eric Miller, Mark Trollinger, and Robert Seltzer. The executive team has worked together for over 20 years and brings a combined experience of over 150 years in commercial, risk, finance, and operational executive roles.
Miller will serve as Ansley Park’s President and Chief Executive Officer. He most recently served as Chief Executive Officer at BciCapital, where he led the company’s equipment finance business. Before that, Miller served as President of CIT Asset Finance, where he led CIT’s large-ticket asset-backed finance businesses, and as a Managing Director at GE Capital.
Trollinger will serve as Ansley Park’s Chief Investment Officer & Head of Capital Markets. And he has over 40 years of experience in banking and equipment finance and has held various senior positions with direct involvement in all aspects of operations, underwriting, portfolio and asset management, structuring and marketing. Trollinger most recently served as Chief Investment Officer & Head of Capital Markets at BciCapital. Before that, Trollinger was co-head of Wachovia’s (now Wells Fargo) equipment finance platform.
Seltzer will serve as Ansley Park’s Executive Vice President, Head of Direct Originations. And he most recently served as the Chief Commercial Officer for BciCapital and was responsible for leading equipment finance origination efforts. Before that, he held leadership positions at CIT Capital Equipment Finance and GE Capital.
The Ares Alternative Credit strategy is one of the largest investors in asset based credit managing about $33.9 billion in assets under management as of December 31, 2023. And the team invests across the capital structure and seeks opportunities in specialty finance, lender finance, loan portfolios, equipment leasing, structured products, net lease, cash flow streams (royalties, licensing, management fees) and other asset-focused investments. Aligning Ares’ investment activities with its societal impact, Ares and Ares Alternative Credit portfolio managers have committed to donate a portion of the performance fees from Ares Alternative Credit flagship funds to support global health and education charities.
KEY QUOTES:
“We are excited to launch Ansley Park together with this talented and experienced team. The equipment finance landscape is rapidly evolving, and the team’s deep industry expertise across a wide range of asset classes will enable Ansley Park to effectively deploy capital critical to supporting the financing needs of companies driving the U.S. economy.”
“In addition to direct financing originations, Ansley Park is uniquely positioned to partner with banks in executing capital markets transactions, acquire equipment finance portfolios, develop structured flow programs and design equipment-focused balance sheet optimization and capital relief solutions.”
- Joel Holsinger, Partner and Co-Head of Ares Alternative Credit
“We are thrilled to announce the establishment of Ansley Park through our partnership with Ares. We could not have chosen a better partner than Ares to launch, build and grow a leading independent equipment finance company.”
- Eric Miller, President & Chief Executive Officer of Ansley Park
