Presentation to Vermont Pension Investment Committee
Our Approach
An emphasis on current income, downside protection and market inefficiencies
●
●
●
Performing assets that generate durable (e.g., contractual) cash flows
Private opportunities where Ares can tailor risk and structure to drive performance
Sectors that have historically demonstrated stable performance, including under stress
Sectors where Ares can contribute proprietary insight and specialized resources ("Power of the Platform")
End of Growth
Senior, Secured &
Defensive
Strategy Approach Is Focused on Downside Protection
Limited
Correlation
While Capturing Upside Optionality Across Market Environments
Economic Cycle/Market Disruption
Liquid Markets
Orphaned Assets
Dislocated Markets
Tactical Playbook
I
Start of Growth
Strategic Capital
Private Lending
Note: There is no guarantee that target results will be achieved. References to "downside protection" or similar language are not guarantees against loss of investment capital or value.
Confidential - Not for Publication or Distribution
16
ØARESView entire presentation