Presentation to Vermont Pension Investment Committee
Pathfinder Core's Relative Value Lens Today
Subject to change based on market conditions, relative value and investment opportunities
●
●
●
● Auto Portfolios
Portfolio Financing
Consumer Lending
●
Media/Sports Assets
Healthcare Lending
•
● Solar Loans
Management/Servicing Fees
Rescue Financing
Aviation (almost never)
Shipping (never)
●
Secondaries Lending
REIT Financing
Triple-Net Lease
● Asset Portfolios
●
●
In Focus
●
●
Monitoring
Legal Assets
GP/Manager Financing
Lease Portfolios
● Timeshares
Not in Focus
Venture Debt (almost never)
Life Settlements (never)
●
●
●
Fund Finance Europe (RE, PE)
Small Business Lending
●
CLO Securities
Real Estate Debt Securities
NPL/RPL
● Secondaries Portfolios
Patent Litigation (never)
For illustrative purposes only.
Based on the Ares Alternative Credit Team's market observations as of May 2021. There is no guarantee that assets will perform or opportunities will be identified as described.
Confidential - Not for Publication or Distribution
17
ARESView entire presentation