Goal Investment Management, a private credit manager specializing in U.S. consumer assets, announced the formation of a strategic joint venture with Ares Alternative Credit funds .
The JV leverages Goal’s extensive operational and underwriting experience to acquire and manage consumer loan portfolios with Ares’ scaled and flexible capital. The JV will invest in sectors including education finance, home improvement, solar loans, consumer installment and other consumer asset classes.
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Under the terms of the agreement, Goal will serve as the manager of the JV’s portfolio, utilizing its proprietary analytics platform and established sourcing network to identify high-value opportunities in the secondary market. Goal has been managing Goal Investment Credit Fund since 2022 and investing in consumer assets since 2013.
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Peter Sadowski, CIO at Goal Investment Management, commented: “We are thrilled to partner with the talented team at Ares, a global leader in alternative credit. This joint venture represents a significant milestone for Goal, allowing us to dramatically scale our acquisition capabilities while maintaining disciplined underwriting standards that define our firm. By combining Ares’ capital resources with our data analytics and operational platform, we are uniquely positioned to capitalize on the growing opportunities within the consumer credit landscape.”
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Vincent Salerno, a Partner in the Ares Alternative Credit Group, added: “We are pleased to establish this joint venture with Goal, reflecting our longstanding collaboration with and respect for their team. With the strength of Ares’ flexible capital, we look forward to supporting Goal as it seeks to expand its investment capabilities.”Goal Investment Management, Ares Form JV to Acquire Loan Portfolios
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Source : prweb