Ares Administration has employed Stefano Questa as co-head of Europe for various credit score.
Questa was beforehand associate and portfolio supervisor for personal credit score at Hayfin Capital Administration. He has greater than 21 years expertise within the sector, and specialises in managing particular scenario methods.
Previous to Hayfin, Questa was managing director at Sixth Road Companions the place he was liable for actual property and asset-backed particular conditions in Europe. Earlier than this, he spent 10 years at Goldman Sachs in each its funding banking and principal investing divisions.
At Ares, he’ll work alongside Eli Appelbaum to collectively lead the European various credit score division.
“We’re more than happy to welcome Stefano to Ares and profit from his intensive expertise in asset centered investing,” mentioned Joel Holsinger, associate and co-head of other credit score at Ares.
“We stay up for working with Stefano, Eli and the remainder of our proficient crew within the US, Europe and Asia Pacific as we proceed to construct various credit score’s international footprint.”
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“I’m delighted to hitch the extremely skilled crew at Ares and work alongside them as we develop our investing actions and advance our charitable initiatives,” mentioned Questa.
“The power and breadth of the Ares platform, mixed with the numerous quantity of dry powder throughout the choice credit score methods, ideally positions us to be the associate of selection for asset centered transactions.
“I stay up for partnering with banks, corporations and sponsors to offer tailor-made capital options in in the present day’s complicated market surroundings.”
Learn extra: What’s the true dimension of the personal credit score market?
Ares is without doubt one of the largest traders in asset-based credit score, with greater than $32.1bn (£25.18bn) in property underneath administration.
Earlier this week, it was reported that Ares is ready to shut the biggest ever direct lending fund, which will probably be valued at greater than €20bn.