Ares expands energy debt team

Ares hires CLG Energy Finance co-founders Owen Hill and Jonathan Shepko.

Ares Capital Management has hired Owen Hill and Jonathan Shepko to focus on senior and subordinated debt financing opportunities in the oil and gas industry, according to a statement released on Tuesday.

Hill and Shepko most recently co-founded and led CLG Energy Finance, a division of Beal Bank, dedicated to debt financing opportunities in the energy industry. From 2009 to 2013, the team originated more than $1 billion of investments in the oil and gas industry, primarily senior secured term loans.

The duo joined Ares Capital's advisory arm as it expands its energy lending capabilities. The firm's energy team focuses on project finance and power generating assets.

Hill and Shepko, who have more than twenty years of combined oil and gas lending experience between them, will be based in Ares’ Dallas office and will look at upstream, midstream and select service sector opportunities.

Kipp deVeer, president of Ares Capital said: “The addition of Owen and Jonathan to our team reflects our continuing strategy of expanding our middle market lending capabilities into industries that we believe offer attractive risk adjusted returns to our investors.

“Our expanded focus on lending to the oil and gas industry is a direct result of the growing market for domestic energy solutions and the changing appetite and risk tolerance of traditional banks for providing debt financing in the industry,” deVeer added.