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Ares Management Corporation invests in Volery Capital Partners

Ares Management Corporation is to become a minority shareholder in Volery and provide capital to support the firm’s operating and investment activities.

Volery is a private equity firm that provides growth equity and strategic support to leading investment managers that generate positive environmental and social impact. The firm also selectively pursues direct, co-investment and other opportunistic transactions alongside its core mandate.

“We are thrilled to be in business with Ares, a market leader that shares our strategic vision and will expand the breadth of our firm’s capabilities,” said Emanuel Citron, a Managing Partner of Volery. “The partnership will be instrumental in helping Volery work with top-performing management teams to accelerate their efforts to achieve new levels of economic performance, growth and measurable impact.”

Volery is led by Managing Partners Emanuel Citron and Daniel C Stein, both seasoned private equity investors with experience investing in and growing asset managers. Citron has extensive experience with private equity investments in asset managers. He previously held a variety of positions at Stone Point Capital. Prior to Stone Point, he held positions with Bain Consulting and Beacon Group. Stein is a seasoned, growth-oriented executive with over 25 years of operating and investment experience. Formerly, Stein served as CEO of Dimensional Associates, and as SVP of Growth Investments at MacAndrews and Forbes.

“Responsible or ESG investing is an increasingly important focus area for Ares and our investors, and we are excited to support Volery’s mission of investing in firms that positively influence our communities,” says Michael Arougheti, Chief Executive Officer and President of Ares. “We are confident in the Volery team, their investment approach and the firm’s strategic value to Ares.”

Capital allocations to both sustainable and impact investments are growing globally, and Volery and Ares believe that there is significant opportunity to establish the leading growth equity platform supporting impact- and sustainability-focused asset managers. Volery’s investment strategy will create exposure to this secular growth, and demonstrate that strong financial returns and positive impact can be mutually reinforcing. Volery expects to add significant value to its portfolio companies by helping them to raise capital, implement operational best practices, and optimise their impact measurement and management.

Volery’s first portfolio company is a sustainable agriculture asset manager with approximately USD1.3 billion of assets under management.

 

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