California-based alternative investment house Ares Management has opened an office in Milan, the firm’s latest office in Europe.

The new office will be led by Tyrone Cooney, partner & head of France and Southern Europe for European direct lending.

Ares opened its first European office in 2007 in London office, followed by Paris, Frankfurt and Stockholm in 2009 and, most recently, Amsterdam and Madrid in 2019.

Over the last 18 years, Ares has strategically expanded its European footprint and solutions across its Credit, Real Estate, Infrastructure, Private Equity and Secondaries strategies to better tailor solutions to the evolving needs of managers, companies and communities,” said Blair Jacobson, Co-President of Ares.

We are very excited to announce this latest step forward in our regional positioning, reflecting the natural evolution of our platform in line with the growing private markets opportunity set in Italy to the benefit of both institutional and individual investors.”

Ares now has offices in 13 countries in Europe.