cover of episode [REPLAY] Kipp deVeer – The World of Private Credit at Ares (EP.329)

[REPLAY] Kipp deVeer – The World of Private Credit at Ares (EP.329)

2025/6/2
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Capital Allocators – Inside the Institutional Investment Industry
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Kipp deVeer: 我在金融家庭长大，在耶鲁大学毕业后通过人脉进入了摩根大通的分析师项目。我在摩根大通工作了三年半，最初在银行部门，后来转到一个利基基金。在摩根大通，我参与了股票、高收益债券和私募交易，并对投资产生了兴趣。我在摩根大通时，觉得缺乏创业心态，渴望做一些有影响力的事情。我去了斯坦福商学院，这让我有机会体验不同的文化和环境。在硅谷，我并没有受到科技热潮的影响，仍然想回到纽约从事金融行业。1999年，当我告诉人们我要回到纽约从事金融行业时，他们觉得我疯了，因为当时很多同学都在创办由风险投资支持的初创公司。我喜欢挑战人们普遍的看法，我是一个逆向投资者，更注重下行保护，而不是不惜一切代价的快速增长。

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This chapter details Kipp deVeer's career path, starting from his upbringing in a finance-oriented family, his time at Yale, JP Morgan, and Stanford Business School, and his eventual decision to join Ares Management in 2004. It highlights his early experiences in the credit markets and his reasons for choosing Ares over starting his own firm.
  • Kipp deVeer's background in a finance family influenced his career path.
  • He initially worked in investment banking at JP Morgan before transitioning to asset management.
  • His time at Stanford Business School broadened his perspective, but he didn't pursue opportunities in Silicon Valley.
  • He joined Ares in 2004, attracted by its focus on private debt and entrepreneurial culture.

Shownotes Transcript

Kipp deVeer is a Director and Partner of Ares Management, the $30 billon market cap public company (ARES) that manages $360 billion in assets, including $250 billion in credit. Kipp joined Ares twenty years ago and serves as the Head of Ares Credit Group, CEO of the public BDC Ares Capital Corporation (ARCC), and a member of the Executive Management Committee.

Our conversation covers Kipp’s path to Ares, the business and credit markets twenty years ago, and the exponential growth of Ares since. We turn to the firm’s research process across origination and sourcing, underwriting, investment targets, and portfolio construction. We then discuss Kipp’s perspective on the credit environment, opportunities, and risks and close with a look at the future of Ares. For full show notes, visit the episode webpage here). Learn More Follow Ted on Twitter at @tseides) or LinkedIn) Subscribe to the mailing list) Access Transcript with Premium Membership)