Presentation to Vermont Pension Investment Committee
Pathfinder Core Pipeline
We are currently evaluating over 40 opportunities. Below is a sampling of some of those opportunities
# Opportunity
1 Portfolio Finance
2 Growth Capital
3
Portfolio Finance
4 Commercial Real Estate
5
Growth Capital
6
Mortgage Loan
7 Origination JV
8
Real Asset Finance
9 Real Asset Finance
10 Portfolio Finance
11 Portfolio Finance
12 Portfolio Finance
13 Growth Capital
14 Portfolio Finance
15 Portfolio Finance
16 Infrastructure Assets
Portfolio Finance CRE
18 Portfolio Finance
19 Fund Finance
20 Fund Finance
678
17
Asset Class
Merchant Cash Advances
B2B Point of Sale
Fix and Flip Loans
Whole Loans
Agricultural Crop Loans
Mortgage Originator
Consumer Installment Loans
Single Family Rental
Manufactured Housing
SaaS Revenue Streams
Litigation Finance
Consumer Installment Loans
Asset Manager Loan
Commercial Real Estate
Triple Net Lease
European Hydro Power Plants
Triple Net Lease
Income Streams
U.S. Financial Services PE Fund
Financial Services Fund
Total
Additional Pipeline Opportunities
Total Pathfinder Core Pipeline
Size ($mm)
75
100
40
200
44
100
100
150
100
100
100
200
65
150
600
120
75-100
125
50
50
2,520
+ 2,430
4,950
Phase
IC Screening
IC Screening
IC Screening
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Terms
Reviewing
Reviewing
Reviewing
Our pipeline now represents ~$5.0 billion of new opportunities that we are evaluating for Pathfinder Core
The Ares Pathfinder Core Fund Pipeline represents only an indicative list of potential investments and contemplated structures as of May 2021 and is shown for illustrative purposes only and based upon a review of current market
conditions. This information does not necessarily represent the average structure of transactions that will be available for investment, and actual portfolio investments can differ materially from those discussed herein. The
consummation of any of these transactions depends upon, among other things, one or more of the following: satisfactory completion of our due diligence investigation of the portfolio company, our acceptance of the terms and
structure of such investments and the execution and delivery of satisfactory transaction documentation. There can be no assurance that any of these transactions will be consummated or allocated to Ares Pathfinder Core Fund
in the amounts shown. Information regarding a particular opportunity, fund or investment strategy is not and should not be interpreted as a guarantee of future performance.
20
ARES
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