Scott Graves, Ares’ former head of special opportunities and co-head of its private equity group, is to head the newly launched Lane42, an alternative asset manager focusing on opportunistic public and private credit.
The firm will be based in Los Angeles with an additional office in New York. According to a news release, the company will seek out opportunities driven by the cyclicality of credit cycles and intends to provide debt and equity capital to public and private issuers and pursue investments across liquid markets in all economic conditions.
