NY/CT/NJ ACG's 3rd Annual Tri-State Conference  • March 28,2006  • NY Athletic Club

Michael Smith

Michael Smith, Managing Director, Private Debt Group, Ares Management LLC

Mr. Smith joined Ares Management in July 2004 and serves as a Managing Director in the Private Debt Group. Before Ares, Mr. Smith was a partner at RBC Capital Partners in the Principal Finance Group, the firm’s middle market financing and principal and alternative investment business. Mr. Smith joined RBC in October 2001 from the Merchant Banking Group of Indosuez Capital, where he was a Vice President. At RBC Capital Partners and Indosuez Capital, Mr. Smith was responsible for originating and executing senior debt and mezzanine financings for middle market leveraged buyouts and recapitalizations. In addition, Mr. Smith was responsible for investing the firm’s capital in private equity transactions. Previously, Mr. Smith worked at Kenter, Glastris & Company, a private equity investment firm specializing in leveraged management buyouts and at Salomon Brothers Inc., in their Capital Markets and Financial Institutions Group. Mr. Smith received a Masters in Management from the J.L. Kellogg Graduate School of Management and a B.S. in Business Administration, cum laude, from the University of Notre Dame.

About Ares Management:  Ares is an independent Los Angeles based investment management firm with over $10 billion of committed capital under management. Founded in 1997 by a group of highly experienced investment professionals, Ares specializes in managing assets in both the private equity and leveraged finance markets.  The Ares Private Debt Group manages the publicly traded closed end investment fund, Ares Capital Corporation (NASDAQ ticker symbol ARCC), which is treated as a business development company under the Investment Company Act of 1940.