Charles Steel has joined the Ares private equity group as a managing director, based in London.
“We are pleased to welcome Charles to Ares Management,” say David Kaplan and Bennett Rosenthal, senior partners of Ares and co-heads of the firm’s global private equity activities. “Charles’ extensive experience investing across a range of transaction types in Europe will be of great value as we invest a portion of our latest USD4.7bn corporate opportunities fund outside of the United States.”
“I am excited to be joining Ares Management at this time,” says Steel. “The firm has established significant resources across its five European offices and has demonstrated a multi-year track record in this region’s corporate credit marketplace. I look forward to working with my new colleagues to source and structure compelling private equity investments.”
Steel previously worked at The Carlyle Group from 2001 to 2010 in European leveraged buyouts, and played a leading role in a number of significant investments for the firm. Prior to that, Steel was a member of the investment banking division of Goldman Sachs since 1998. Most recently, he served as an adviser to Tony Blair on finance and business development at the Office of the Quartet Representative in Jerusalem.
