Consequently it promoted Co-President Kort Schnabel as the new CEO effective the same date. Jim Miller, appointed Co-President of Ares Capital in October 2024, will now serve as the sole President.

Mr. Schnabel holds a B.A. from the University of Pennsylvania in Economics. “Kort is a widely respected private credit investor with extensive leadership experience,” said Mr. deVeer.

Earnings Call Insights: Ares Capital Corporation (NASDAQ:ARCC) Q4 2024 CEO Kipp DeVeer announced leadership changes, with Kort Schnabel assuming the role of Chief Executive Officer effective April ...

Jacobson joined the company in 2012 to build its European Direct Lending platform. Kort Schnabel will replaced DeVeer as head of Ares Capital--which is externally managed by a subsidiary of Ares ...

Ares is now evaluating opportunities globally across sports, media, and entertainment, said Kort Schnabel, the firm's co-head of US direct lending and sports, media, and entertainment strategies.

The move is effective April 30, and he will be replaced in the post by current co-president Kort Schnabel. DeVeer will retain his seat on the company's board of directors, however, and will remain ...

The company announced that its board of directors appointed Kort Schnabel, age 48, as the new Chief Executive Officer, effective April 30, 2025. Simultaneously, R. Kipp deVeer, the current Co ...

Ares Capital Corporation (NASDAQ: ARCC) (“Ares Capital” or the “Company”) announced today that Co-President Kort Schnabel has been appointed as Chief Executive Officer of the Company ...