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Ares Capital expands energy lending team with two new managing directors

24 Mar 2014

oil-tank-snow-coldUS private equity deal financing firm Ares Capital Management has hired a pair of managing directors as part of an expansion of its energy lending capabilities.

Owen Hill and Jonathan Shepko have joined on the investment side to focus on senior and subordinated debt financing opportunities in the oil and gas industry.

It said the pair have more than 20 years of combined oil and gas lending experience at various institutions and most recently co-founded and led CLG Energy Finance, a division of Beal Bank dedicated to debt financing opportunities in the energy industry.

From 2009 through 2013 the team originated more than $1bn of investments in the oil and gas industry, primarily in the form of senior secured term loans.

Ares Capital president Kipp deVeer said, “The addition of Owen and Jonathan to our team reflects our continuing strategy of expanding our middle market lending capabilities into industries that we believe offer attractive risk adjusted returns to our investors.

“Our expanded focus on lending to the oil and gas industry is a direct result of the growing market for domestic energy solutions and the changing appetite and risk tolerance of traditional banks for providing debt financing in the industry.”

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