• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Ares Capital Corporation Appoints Scott Lem as Chief Financial Officer

    11/9/23 7:00:00 AM ET
    $ARCC
    $ARES
    Finance: Consumer Services
    Finance
    Investment Managers
    Finance
    Get the next $ARCC alert in real time by email

    Penni Roll to Step Down as Chief Financial Officer of Ares Capital Corporation

    Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that Ares Capital's Chief Accounting Officer, Vice President and Treasurer, Scott Lem, has been appointed as its new Chief Financial Officer, effective February 15, 2024. Mr. Lem succeeds Penni Roll, who plans to step down as Ares Capital's Chief Financial Officer, effective the same date. Ms. Roll, who also serves as the Chief Financial Officer of Ares Management Corporation's ("Ares") Credit Group, will remain an officer of Ares Capital and at Ares in a senior leadership capacity.

    Since joining Ares in 2003, Mr. Lem has served in a number of senior finance and accounting roles, both at Ares Capital and in the Ares Credit Group. Prior to joining Ares, Mr. Lem worked at Ernst & Young LLP and Arthur Andersen LLP. He graduated with a B.S. in Accounting from the University of Southern California's Leventhal School of Accounting and a B.S. in Business Administration from the University of Southern California's Marshall School of Business. Mr. Lem also received an MBA in Finance from UCLA's Anderson School of Management.

    "I want to thank Penni for her tremendous leadership and the many contributions she has made as our Chief Financial Officer over the past 13 years," said Kipp deVeer, Chief Executive Officer of Ares Capital. "During Penni's tenure, Ares Capital has created significant shareholder value and has expanded upon its market leadership position in the business development company sector. At the same time, I want to welcome Scott to his new role. Scott is a seasoned executive who has been important in helping drive growth and success at the Company over the past two decades. We couldn't be more pleased for him to step into this position."

    "Scott and I have had a long partnership for more than a decade and I am very excited for him to be appointed as our new CFO," said Ms. Roll. "Scott is a long-tenured and accomplished executive with Ares and has an experienced team that will continue to work alongside him. Looking ahead, I am delighted to continue my career at Ares in a senior leadership capacity."

    "I am truly honored to become the next CFO of Ares Capital," said Mr. Lem. "I am fortunate to have been part of the Company since the beginning and I am excited to step into this role and continue building upon its success. I look forward to working closely with Kipp, Kort, Mitch, Jana and the rest of our talented and committed team for many years to come."

    ABOUT ARES CAPITAL CORPORATION

    Founded in 2004, Ares Capital is a leading specialty finance company focused on providing direct loans and other investments in private middle market companies in the United States. Ares Capital's objective is to source and invest in high-quality borrowers that need capital to achieve their business goals, which often leads to economic growth and employment. Ares Capital believes its loans and other investments in these companies can generate attractive levels of current income and potential capital appreciation for investors. Ares Capital, through its investment manager, utilizes its extensive, direct origination capabilities and incumbent borrower relationships to source and underwrite predominantly senior secured loans but also subordinated debt and equity investments. Ares Capital has elected to be regulated as a business development company ("BDC") and is the largest publicly traded BDC by market capitalization as of September 30, 2023. Ares Capital is externally managed by a subsidiary of Ares Management Corporation (NYSE:ARES), a publicly traded, leading global alternative investment manager. For more information about Ares Capital, visit www.arescapitalcorp.com.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20231108194129/en/

    Get the next $ARCC alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $ARCC
    $ARES

    CompanyDatePrice TargetRatingAnalyst
    Ares Capital Corporation
    $ARCC
    7/30/2025$23.50Neutral → Buy
    B. Riley Securities
    Ares Management Corporation
    $ARES
    7/28/2025Mkt Perform
    Raymond James
    Ares Management Corporation
    $ARES
    5/15/2025Outperform → Perform
    Oppenheimer
    Ares Management Corporation
    $ARES
    4/16/2025$159.00Perform → Outperform
    Oppenheimer
    Ares Management Corporation
    $ARES
    4/8/2025$165.00Mkt Perform → Mkt Outperform
    Citizens JMP
    Ares Capital Corporation
    $ARCC
    2/6/2025Outperform → Mkt Perform
    Raymond James
    Ares Management Corporation
    $ARES
    1/27/2025$224.00Overweight
    Barclays
    Ares Management Corporation
    $ARES
    12/20/2024$166.00 → $202.00Mkt Perform → Outperform
    Keefe Bruyette
    More analyst ratings

    $ARCC
    $ARES
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Ares Capital upgraded by B. Riley Securities with a new price target

      B. Riley Securities upgraded Ares Capital from Neutral to Buy and set a new price target of $23.50

      7/30/25 7:17:07 AM ET
      $ARCC
      Finance: Consumer Services
      Finance
    • Raymond James initiated coverage on Ares Management

      Raymond James initiated coverage of Ares Management with a rating of Mkt Perform

      7/28/25 8:54:52 AM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management downgraded by Oppenheimer

      Oppenheimer downgraded Ares Management from Outperform to Perform

      5/15/25 8:06:26 AM ET
      $ARES
      Investment Managers
      Finance

    $ARCC
    $ARES
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Chief Financial Officer Phillips Jarrod covered exercise/tax liability with 2,583 shares, decreasing direct ownership by 1% to 242,348 units (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Issuer)

      7/3/25 6:19:18 PM ET
      $ARES
      Investment Managers
      Finance
    • Co-Founder & Chairman of PEG Rosenthal Bennett sold $14,347,484 worth of shares (85,000 units at $168.79) (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Issuer)

      6/13/25 7:54:54 PM ET
      $ARES
      Investment Managers
      Finance
    • Large owner Ares Management Llc sold $19,928,025 worth of shares (2,250,000 units at $8.86) (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Reporting)

      6/13/25 4:32:07 PM ET
      $ARES
      Investment Managers
      Finance

    $ARCC
    $ARES
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Bhutani Ashish bought $1,413,300 worth of shares (10,000 units at $141.33), increasing direct ownership by 77% to 22,905 units (SEC Form 4)

      4 - Ares Management Corp (0001176948) (Issuer)

      3/13/25 8:14:14 PM ET
      $ARES
      Investment Managers
      Finance
    • Co-President Miller James Robert bought $932,800 worth of shares (40,000 units at $23.32) (SEC Form 4)

      4 - ARES CAPITAL CORP (0001287750) (Issuer)

      3/5/25 4:05:17 PM ET
      $ARCC
      Finance: Consumer Services
      Finance
    • Director Bates Ann Torre bought $136,500 worth of shares (6,000 units at $22.75), increasing direct ownership by 25% to 30,000 units (SEC Form 4)

      4 - ARES CAPITAL CORP (0001287750) (Issuer)

      2/13/25 4:05:18 PM ET
      $ARCC
      Finance: Consumer Services
      Finance

    $ARCC
    $ARES
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Ares Capital Corporation Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.48 Per Share

      DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a third quarter 2025 dividend of $0.48 per share. The third quarter 2025 dividend is payable on September 30, 2025 to stockholders of record as of September 15, 2025. JUNE 30, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its second quarter ended June 30, 2025. OPERATING RESULTS       Q2-25(3)   Q2-24(3) (dollar amounts in millions, except per share data)   Total Amount   Per Share   Total Amount   Per Share GAAP net income per

      7/29/25 7:00:00 AM ET
      $ARCC
      $ARES
      Finance: Consumer Services
      Finance
      Investment Managers
    • Ares Management Establishes Joint Venture With Savion to Invest in U.S. Solar Power Generation

      Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that a fund managed by the Ares Infrastructure Opportunities strategy (the "Ares fund") and Savion Equity, LLC ("Savion"), a subsidiary of Shell plc, have established Tango Holdings, LLC ("Tango"), a joint venture that will support solar energy development and management in the United States. Founded in 2019, Savion develops large-scale solar and energy storage projects across 28 states. Tango will manage 496 megawatts of Savion-developed solar projects in Ohio, Kentucky, Oklahoma and Indiana. Tango is jointly owned by the Ares fund (80%) and Savion (20%) and will hold equity

      7/28/25 4:30:00 PM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management Enhances Infrastructure Debt Team and Global Positioning to Advance Growth

      Ares Management Corporation ("Ares") (NYSE:ARES), a leading global alternative investment manager, announced today enhancements to its Infrastructure Debt team, including the most recent addition of Jon Plavnick as a Partner. Mr. Plavnick is based in New York and will focus on sourcing, structuring and managing infrastructure debt investments throughout the Americas. In addition, Spencer Ivey, Ares Partner and Head of Americas and Asia-Pacific Infrastructure Debt, has relocated to Ares' Sydney office to help accelerate the strategy's buildout in the Asia-Pacific region. Mr. Plavnick brings nearly two decades of experience in infrastructure debt, most recently serving as a Partner at Globa

      7/23/25 6:30:00 AM ET
      $ARES
      Investment Managers
      Finance

    $ARCC
    $ARES
    Leadership Updates

    Live Leadership Updates

    See more
    • Ares Management Announces Appointment of Sarah Cole as Co-Head of Global Capital Solutions

      Ms. Cole to Coordinate and Support Ares' Network of Strategic Banking Relationships and Investment Sourcing Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today the appointment of Sarah Cole as Partner and Co-Head of the Ares Global Capital Solutions team alongside current Partner and group Co-Head Roshan Chagan. In this newly created role, Ms. Cole will be responsible for enhancing Ares' strategic relationships with the banking, insurance and broader capital markets community. She will partner with senior leaders across Ares to deliver the advantages of its broad underwriting and financing capability to source new investment

      7/21/25 6:30:00 AM ET
      $ARES
      Investment Managers
      Finance
    • Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation

      Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Joel Holsinger, Partner and Co-Head of Ares' Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the "Ares Foundation") to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to he

      3/31/25 6:30:00 AM ET
      $ARES
      Investment Managers
      Finance
    • Aspida Life Re Ltd. Appoints Elinor Friedman to its Board of Directors

      HAMILTON, Bermuda, March 26, 2025 (GLOBE NEWSWIRE) -- Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company focused on providing life and annuity reinsurance solutions to companies globally, announced today the recent appointment of Elinor Friedman, FSA, MAAA to its Board of Directors ("the Board"). Ms. Friedman's extensive product development and pricing knowledge will complement and add broader insight to Aspida Re's board composition. Ms. Friedman is a seasoned actuary with vast experience in the life insurance and reinsurance space. From 2013 to 2024, she served as Managing Director at Willis Towers Watson where she provided consulting services to large and mid-size insurers and re

      3/26/25 8:00:00 AM ET
      $ARES
      Investment Managers
      Finance

    $ARCC
    $ARES
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Ares Management Corporation

      SC 13G/A - Ares Management Corp (0001176948) (Subject)

      11/14/24 4:06:22 PM ET
      $ARES
      Investment Managers
      Finance
    • Amendment: SEC Form SC 13G/A filed by Ares Management Corporation

      SC 13G/A - Ares Management Corp (0001176948) (Subject)

      11/14/24 4:05:07 PM ET
      $ARES
      Investment Managers
      Finance
    • SEC Form SC 13G/A filed by Ares Management Corporation (Amendment)

      SC 13G/A - Ares Management Corp (0001176948) (Subject)

      2/13/24 4:55:49 PM ET
      $ARES
      Investment Managers
      Finance

    $ARCC
    $ARES
    Financials

    Live finance-specific insights

    See more
    • Ares Capital Corporation Announces June 30, 2025 Financial Results and Declares Third Quarter 2025 Dividend of $0.48 Per Share

      DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a third quarter 2025 dividend of $0.48 per share. The third quarter 2025 dividend is payable on September 30, 2025 to stockholders of record as of September 15, 2025. JUNE 30, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its second quarter ended June 30, 2025. OPERATING RESULTS       Q2-25(3)   Q2-24(3) (dollar amounts in millions, except per share data)   Total Amount   Per Share   Total Amount   Per Share GAAP net income per

      7/29/25 7:00:00 AM ET
      $ARCC
      $ARES
      Finance: Consumer Services
      Finance
      Investment Managers
    • Ares Management Acquires Minority Stake in Plenitude for €2 Billion

      Ares Management Corporation ("Ares") (NYSE:ARES), a leading global alternative investment manager, announced today that Ares Alternative Credit funds ("Ares Alternative Credit") have entered into a definitive agreement for the acquisition of a 20% stake in Plenitude, a leader in energy transition controlled by Eni, for approximately €2 billion. The consideration implies an enterprise value for Plenitude of over €12 billion. Completion of the transaction is subject to customary regulatory approvals. Plenitude operates in over 15 countries worldwide, integrating a business model that combines over 4 GW of renewable energy production, as well as retail and energy solutions. The company serve

      6/23/25 1:35:00 AM ET
      $ARES
      Investment Managers
      Finance
    • Ares Management Corporation Reports First Quarter 2025 Results

      Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2025. GAAP net income attributable to Ares Management Corporation was $47.2 million for the quarter ended March 31, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.00 for the quarter ended March 31, 2025. After-tax realized income was $381.4 million for the quarter ended March 31, 2025. After-tax realized income per share of Class A common stock was $1.09 for the quarter ended March 31, 2025. Fee related earnings were $367.3 million for the quarter ended March 31, 2025. "We rep

      5/5/25 6:00:00 AM ET
      $ARES
      Investment Managers
      Finance

    $ARCC
    $ARES
    SEC Filings

    See more
    • SEC Form 10-Q filed by Ares Capital Corporation

      10-Q - ARES CAPITAL CORP (0001287750) (Filer)

      7/28/25 9:23:20 PM ET
      $ARCC
      Finance: Consumer Services
      Finance
    • Ares Capital Corporation filed SEC Form 8-K: Results of Operations and Financial Condition, Other Events, Financial Statements and Exhibits

      8-K - ARES CAPITAL CORP (0001287750) (Filer)

      7/28/25 9:11:20 PM ET
      $ARCC
      Finance: Consumer Services
      Finance
    • Ares Capital Corporation filed SEC Form 8-K: Creation of a Direct Financial Obligation

      8-K - ARES CAPITAL CORP (0001287750) (Filer)

      7/3/25 4:14:27 PM ET
      $ARCC
      Finance: Consumer Services
      Finance