Ares Management ropes in Macquarie executive to lead new JV

Sydney Opera House, Sydney, Australia. Photo by Frans on Unsplash

Global alternative asset manager Ares Management has appointed former Macquarie Group senior investment specialist Teiki Benveniste to head a joint venture, which was formed by Ares Management Corporation and Fidante Partners, according to a statement.

In his new role, Benveniste will be responsible for building strong investor interest in the specialist asset manager and for increasing assets under management as the joint venture launches a range of investment strategies.

Ares Australia Management (AAM) is an alternative investment manager formed through a strategic joint venture between Ares Management Corporation and Fidante Partners.

Based in Sydney, he will also serve as a liaison with Fidante Partners, which will provide product distribution, local fund reporting and back-office administration.

This appointment comes in at a time when AAM expects to launch its first credit fund in months to come.

Before joining AAM, Benveniste had a six-and-a-half-year stint at Macquarie Group. Most recently, he was the lead senior investment specialist for Macquarie Fixed Income in Australia, where he managed a team of investment and product specialists covering both retail and institutional investors.

Prior to that, he was based in London for almost seven years at Société Générale where he held trading, credit analyst and sales roles for loan syndications across Europe, the Middle East and Africa.

“We believe that his (Benveniste) broad experience in fixed income investing in Australia and Europe positions him as an excellent leader to build investor interest in the funds and investment strategies of Ares within Australia and New Zealand and to seize the significant opportunities available in the region’s market,” said David Sachs, partner of Ares Management Corporation.

Ares Management Corporation is a global alternative investment manager operating three integrated businesses across credit, private equity and real estate. Ares Management’s global platform had USD$144 billion of assets under management as of September 30, 2019.

Meanwhile, Fidante Partners is an investment management company that partners with specialist asset management firms to deliver compelling opportunities to an international investor base. The firm has more than A$60 billion of funds under management as of 30 September 2019.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.