Who is Max Semple on the Drexel men’s lacrosse team. What were his achievements in the 2022 season. How did Max Semple contribute to Drexel’s lacrosse program as a redshirt freshman. What is Max Semple’s background and personal information.
Max Semple: A Rising Star in Drexel’s Men’s Lacrosse Program
Max Semple, a redshirt freshman on the Drexel University men’s lacrosse team, made an immediate impact during the 2022 season. His outstanding performance earned him a spot on the Colonial Athletic Association’s (CAA) All-Rookie team, showcasing his potential as a key player for the Dragons.
Semple’s Standout Statistics
During his first active season with Drexel, Semple demonstrated impressive skills on the field:
- Played in and started 13 games
- Finished fifth in the CAA with 2.62 goals per game
- Scored 34 goals, the most by a Drexel rookie in eight years
- Achieved a .459 shot percentage
- Collected 22 ground balls
These statistics highlight Semple’s ability to contribute significantly to the team’s offensive efforts and his overall impact on the field.
Recognition and Accolades: Semple’s Impressive Rookie Season
Semple’s outstanding performance did not go unnoticed, as he received several accolades throughout the season:
- Named CAA Player of the Week on March 28, 2022
- Earned CAA Rookie of the Week honors twice
- Selected for the CAA All-Rookie team
These recognitions underscore Semple’s consistent excellence and his ability to make a significant impact as a freshman player.
Notable Game Performances
Throughout the season, Semple demonstrated his scoring prowess in several standout games:
- Scored seven goals and recorded an assist against Robert Morris
- Netted six goals in the win against Fairfield
- Contributed five goals and an assist at Marquette, totaling six points
Semple’s ability to perform at a high level in crucial games showcases his potential as a game-changing player for Drexel.
Max Semple’s Journey to Drexel: From Jacksonville to Philadelphia
Before joining the Drexel Dragons, Max Semple’s path to collegiate lacrosse took an interesting turn:
- Initially attended Jacksonville University for one year
- Did not appear in any games for the Dolphins
- Earned a spot on the Southern Conference (SoCon) Honor Roll while at Jacksonville
This experience at Jacksonville likely provided Semple with valuable insights into collegiate athletics and academics, preparing him for his successful transition to Drexel.
High School and Club Lacrosse Background
Semple’s lacrosse journey began long before his college career:
- Hails from Coquitlam, British Columbia, Canada
- Four-year starter at Centennial Secondary School
- Played for the Coquitlam Junior A Adanacs, a prestigious club team
His strong foundation in both high school and club lacrosse undoubtedly contributed to his quick adaptation to the collegiate level at Drexel.
The Coquitlam Connection: Semple’s Hometown Ties to Drexel Lacrosse
Interestingly, Max Semple is not the first player from Coquitlam to make an impact on Drexel’s lacrosse program. His hometown has produced several notable Dragons players, including Reid Bowering. This connection highlights the strong lacrosse culture in Coquitlam and its contribution to Drexel’s program.
How has Coquitlam influenced Drexel’s lacrosse recruiting? The consistent pipeline of talent from this Canadian city suggests that Drexel has established strong scouting networks and relationships within the Coquitlam lacrosse community. This connection likely provides the Dragons with access to high-caliber players who are well-prepared for the challenges of NCAA Division I lacrosse.
Family Ties: The Semple Legacy in Sports
Max Semple comes from a family with a rich athletic background:
- Son of Eugene and Liza Semple
- Youngest of three children
- Father, Eugene, played basketball at Tennessee State
- Brother, Thomas, played lacrosse at the University of Denver and was selected in the 2021 National Lacrosse League (NLL) Draft
This family history in sports, particularly his brother’s success in lacrosse, likely provided Max with valuable insights and motivation as he pursued his own athletic career.
The Influence of Athletic Siblings
How does having an older sibling in professional lacrosse impact Max’s development? Thomas Semple’s experience at the University of Denver and subsequent selection in the NLL Draft offers Max a unique perspective on the path to professional lacrosse. This family connection may provide additional motivation and a source of advice as Max continues to develop his skills at Drexel.
Academic Pursuits: Balancing Athletics and Education
While Max Semple’s athletic achievements are impressive, it’s important to note his academic aspirations:
- Plans to major in business at Drexel University
- Previously earned a spot on the SoCon Honor Roll at Jacksonville University
These academic pursuits demonstrate Semple’s commitment to excelling both on and off the field, embodying the true spirit of a student-athlete.
The Importance of Academic Success for Student-Athletes
How does academic performance impact a student-athlete’s career? Strong academic achievements not only ensure eligibility for competition but also prepare athletes for life after sports. Semple’s focus on business studies alongside his athletic commitments showcases his understanding of the importance of a well-rounded college experience.
Looking Ahead: Max Semple’s Potential Impact on Drexel Lacrosse
Given Max Semple’s impressive rookie season, expectations for his future contributions to Drexel’s lacrosse program are high. His early success suggests that he has the potential to become a cornerstone player for the Dragons in the coming years.
Areas for Growth and Development
While Semple’s offensive statistics are impressive, there are always areas for improvement in a young player’s game:
- Continuing to refine shooting accuracy
- Developing additional offensive skills, such as assists and creating opportunities for teammates
- Improving ground ball collection and defensive contributions
As Semple continues to develop these aspects of his game, he may become an even more well-rounded and impactful player for Drexel.
The Role of Redshirt Freshmen in College Lacrosse Programs
Max Semple’s success as a redshirt freshman highlights the potential benefits of this practice in college athletics. Redshirting allows players an extra year to develop physically and mentally while adjusting to the demands of college life and Division I athletics.
Advantages of Redshirting
How does redshirting benefit student-athletes and college programs? Some key advantages include:
- Additional time for physical development and strength training
- Opportunity to adapt to the college academic environment
- Extra year to learn team systems and strategies
- Potential for a more impactful collegiate career with an extra year of eligibility
Semple’s impressive debut season after redshirting at Jacksonville demonstrates how this practice can set the stage for success when a player does take the field.
The Impact of Canadian Players on NCAA Lacrosse
Max Semple’s success at Drexel is part of a larger trend of Canadian players making significant contributions to NCAA lacrosse programs. The influx of talent from north of the border has had a profound impact on the collegiate game in the United States.
Unique Skills and Playing Style
What do Canadian players bring to NCAA lacrosse? Some notable characteristics include:
- Strong box lacrosse background, which translates well to the indoor style of play
- Advanced stick skills and shooting accuracy
- Physical playing style developed through box lacrosse experience
- High lacrosse IQ from playing in competitive youth programs
These attributes often allow Canadian players like Semple to make immediate impacts when they join NCAA programs.
Cultural Exchange and Diversity
Beyond their on-field contributions, Canadian players bring cultural diversity to NCAA teams. This international flavor enhances the college experience for all student-athletes and helps to grow the game globally.
The success of players like Max Semple at Drexel may inspire more Canadian athletes to pursue opportunities in NCAA lacrosse, further strengthening the connections between Canadian and American lacrosse communities.
Drexel’s Lacrosse Program: Building for the Future
Max Semple’s emergence as a key player for Drexel is indicative of the program’s commitment to recruiting and developing top talent. The Dragons’ ability to attract players of Semple’s caliber suggests a bright future for Drexel lacrosse.
Program Goals and Aspirations
What are the long-term objectives for Drexel’s lacrosse program? While specific goals may vary, common aspirations for Division I programs include:
- Competing for conference championships
- Earning berths in the NCAA tournament
- Developing players for professional lacrosse careers
- Building a strong alumni network and program tradition
With players like Max Semple leading the way, Drexel’s lacrosse program appears well-positioned to pursue these objectives in the coming years.
Recruiting Strategy and Player Development
Drexel’s success in recruiting players like Semple highlights the importance of a well-crafted recruiting strategy. By identifying talent from lacrosse hotbeds like Coquitlam and providing opportunities for player development, the Dragons are setting themselves up for long-term success.
How does Drexel’s approach to player development contribute to individual and team success? The program likely emphasizes:
- Personalized training programs
- Strong academic support systems
- Opportunities for leadership development
- Exposure to high-level competition
These elements combine to create an environment where players like Max Semple can thrive both athletically and academically.
The Future of Men’s Lacrosse at Drexel University
As Max Semple continues to develop and new talented recruits join the program, the future of men’s lacrosse at Drexel University looks promising. The success of players like Semple not only contributes to on-field performance but also helps to raise the profile of the program, potentially attracting even more top-tier talent in the future.
Challenges and Opportunities
What challenges and opportunities lie ahead for Drexel’s lacrosse program? Some key considerations include:
- Maintaining competitiveness in the challenging CAA conference
- Continuing to attract top recruits from both the United States and Canada
- Balancing athletic success with academic excellence
- Expanding the program’s national profile and reputation
By successfully navigating these challenges and capitalizing on opportunities, Drexel has the potential to establish itself as a perennial contender in NCAA Division I lacrosse.
The Role of Fan and Alumni Support
As the program continues to grow and achieve success, the support of fans and alumni will play a crucial role. Strong community backing can contribute to:
- Enhanced game-day atmosphere and home-field advantage
- Increased fundraising opportunities for program development
- Expanded networking opportunities for current players and alumni
- Greater media coverage and exposure for the program
By fostering a passionate and engaged fan base, Drexel can create a virtuous cycle of success both on and off the field.
In conclusion, Max Semple’s impressive rookie season at Drexel University is just the beginning of what promises to be an exciting era for the Dragons’ men’s lacrosse program. With talented players like Semple leading the way, strong recruiting pipelines, and a commitment to academic and athletic excellence, Drexel is well-positioned to make its mark on the collegiate lacrosse landscape in the years to come.
Max Semple – 2023 – Men’s Lacrosse
Skip To Main Content
Skip To Main Content
-
Bio -
Stats -
Historical
Biography
2022 / Redshirt Freshman
Made an immediate impact in his first season…played in and started 13 games…was named to the CAA’s All-Rookie team…finished fifth in the CAA with 2. 62 goals per game…his 34 goals were the most by a Drexel rookie in eight years…named the CAA Player of the Week on March 28 after scoring seven goals and recording an assist against Robert Morris…was also named the CAA Rookie of the Week on two occasions…had six hat tricks and three games with five or more goals…scored six times in the win against Fairfield…picked up six points with five goals and an assist at Marquette…had a .459 shot percentage and had 22 ground balls.
Background
Came to Drexel after attending Jacksonville University for one year…did not appear in a game for the Dolphins…was on the SoCon Honor Roll while at Jacksonville…a native of Coquitlam, the same hometown of a number of former Dragons including Reid Bowering…was a four-year starter at Centennial Secondary…played for the Coquitlam Junior A Adanacs.
Personal
Son of Eugene and Liza Semple…his father played basketball at Tennessee State…is the youngest of three children…his brother, Thomas, played at Denver and was selected in the 2021 NLL Draft…also has an older sister.
..plans to major in business.
Statistics
Season:
Season Statistics
Season Statistics
No statistics available for this season.
Career Statistics
There are no statistics available for this player.
Historical Player Information
Kylie Drexel – Women’s Lacrosse
Skip To Main Content
Skip To Main Content
-
Summary -
Media -
Season -
Career
Summary
Biography
2017
Drexel is a senior attacker for the Women of Troy… ILWomen preseason All-America honorable mention.
2016
As a junior, Drexel was named to the MPSF All-Conference second team… chosen for MPSF Offensive Player of the Week honors (March 21)… selected to the MPSF All-Academic Team… appeared in all 21 games with 20 starts… finished third on the team (fourth in the league) with 58 total points (40g, 18a) to go with 25 ground balls, 24 draw controls, and 11 caused turnovers… scored the game-winning goal in four games including in wins over Duke, Stony Brook, and Denver… ranked fifth in the MPSF for goals (40), seventh for assists (18), seventh for points per game (2.76 ppg), and tied for third in game-winning goals (4)… was 2-for-9 from free position and finished with a .833 shots-on-goal percentage… reached her career mark of three ground balls in three games and had a career-high seven shots against California (March28).
2015
As a sophomore, Drexel was named to the MPSF All-Conference second team… chosen for MPSF Offensive Player of the Week honors March 16… named to the MPSF All-Academic Team… appeared in all 20 games and started 19 times… finished with 46 points (24g, 22a) to rank fourth on the team… her 22 assists ranked second on the team and her 1.
10 apg ranked 10th in the MPSF… scored two game-winning goals and was 5-for-10 on free-position shots… added 15 ground balls, eight draw controls, and seven caused turnovers… scored career highs for points (7), goals (5), and free-position goals (3) in a win over Marquette (March 15)… scored her second-career hat trick with three goals against Denver (April 12).
2014
As a freshman, Drexel appeared in 14 games and made two starts including the Trojans’ season opener against Marist (Feb. 28)… scored four goals and went 3-for-6 on free-position shot attempts… collected two ground balls, two draw controls, and caused one turnover… scored career-high two goals in USC’s 22-4 win over LIU Brooklyn on March 14.
HIGH SCHOOL/CLUB
Drexel was a four-year letterwinner at Davis Senior High School… ranked fifth in the nation in point scoring her junior year… team captain her senior year… named First Team US Lacrosse All-American senior year… won the “Triple D” Award for being MVP of three varsity sports in one year at Davis High School… won female athlete of the year her senior year… league MVP her junior and senior year… first team all-league all four years… played club lacrosse with the Bay Area Wave for five years… also played field hockey (first-team all-league as a junior and senior; and team MVP as a senior) and basketball (first-team all-league and team MVP as a senior) for Davis… graduated in the top five percent of her class with a 4.
3 GPA.
PERSONAL
Kylie Brianne Drexel was born on Sept. 16, 1994, in Tarzana, Calif.… mother is Sally Schwind… has one brother named Chasen… majoring in human biology.
Loading…
There is no related content available.
Videos Snapshot
Headlines Snapshot
slice(0,2)”>
Photos Snapshot
Season Stats
Season:
There are no statistics for this selected season available for this player.
There are no statistics for this selected season available for this player.
Career Stats
There are no statistics available for this player.
© 2023 University of Southern California Athletics
Notice of Non-Discrimination
Avon Old Farms School – secondary education and elite hockey academy in the States
Location: Connecticut
Founded: 1927
Type of education: boarding school for boys
Campus size: 1000 acres
Address: 500 Old Farms Road, Avon, Connecticut 06001
Full board tuition: $63,600
The school was founded in 1927 by Theodate Pope Riddle, one of Connecticut’s first licensed female architects.
Theodate Pope Riddle grew up in Cleveland, Ohio and attended Miss Porter’s School in Farmington, Connecticut. Since childhood, she dreamed of living in the countryside, taking care of orphans and building a school. Her hard work and pioneering efforts in architecture have paid off with the construction of notable buildings – the Hill Stead House (open to the public), the Westover School in Middlebury, Connecticut, the renovation of Theodore Roosevelt’s birthplace in New York, and a boarding school for boys Avon Old Farms – Avon Old Farms.
In May 1915, Theodate was a passenger on the R.M.S. Lusitania when she was torpedoed by a German U-boat. She, along with 764 out of 1962 passengers and crew members, was pulled out of the water alive. She was unconscious and taken to a nearby morgue, where she regained consciousness and not only coped with her injuries, but a year later she married John Wallace Riddle. The couple traveled a lot around the world, and, true to their childhood dreams, Theodat took in the upbringing of several orphans.
The Avon Old Farms motto “Aspirando et Perseverando” (Inspiration and Perseverance) embodies the willpower and determination of Theodate Pope Riddle. Her commitment to excellence, her power to follow her dreams no matter what society says, continues to thrive in everything we do at our unique Connecticut Boys’ Boarding School.
Sports in Avon Old Farms School
More than 40 graduates of the school will continue their sports career at the collegiate level from September 2022:
- American football:
University of Wisconsin - Basketball:
– Franklin & Marshall College;
– Bethune-Cookman University;
– Sarah Lawrence University - Baseball:
– Marist - Golf:
– St. Anslem College - Lacrosse:
– Oberlin College - Squash:
– Drexel University;
Fordham University - Football:
– Muhlenburg College;
Frostburg State University - Hockey:
– Rivier University;
– Tufts University
and others.
Avon Old Farms School Hockey Academy
Avon Old Farms School has one of the best hockey academies in the country and has earned an excellent reputation over the years. As the premier hockey program in New England, it demonstrates a unique ability to build winning teams, deliver top-tier players to top division universities. Many graduates of the school have become outstanding professional athletes.
Alumni of Avon Old Farms Hockey Alumni Roll of Honor:
NHL Hall of Famer Brian Leetch ’86 and LA Kings goaltender Jonathan Quick ’05 top the list. Leetch and Quick have won (twice) the Stanley Cup and are also Conn Smythe Trophy winners. Nick Bonino ’07 won the Stanley Cup twice with the Pittsburgh Penquins.
Cam Atkinson ’08 – NHL All-Star and Columbus Blue Jackets leader.
Olympians and NHL players David Roberts ’89, Matt Martin ’90 and Jon Quick ’05 have represented the United States in the Olympics.
Several players have played or continue to play in the NHL.
School team competes on a 25-game schedule (excluding post-season games) along with top hockey academies:
- Choate Rosemary Hall
- Kent
- The Hotchkiss School
- Loomis Chaffee
- Taft
- Trinity-Pawling
- Westminster.
Former Avon hockey players have gone on to study at the following universities in recent years:
- Boston College
- Boston University
- UNH
- Providence
- Dartmouth
- Yale
- Michigan
- Harvard
- Union
- Brown
- U’Mass Amherst
- U’Mass Lowell
- U’Conn
- RIT
- Sacred Heart
- Bentley
- Clarkson
- Colgate
- Maine
- Wisconsin
- Williams
- Conn. College
- St. Anselm’s
- Skidmore
- Salve Regina
- Plattsburg
- Colby
- Trinity.
Football Academy
Avon Old Farms School
Coach Stensland:
“I have been playing football since I was four and have a passion for it. I was an Oakwood Football Club player for ten years until it was time to move to the collegiate level where I played Division I football at Quinnipiac and then moved to Eastern Connecticut State University where I played for 3 years. After college, I worked as an assistant men’s football coach at Eastern and also coached the youth team.
In 2016, I started working at Mercersburg Academy, Pennsylvania. In the fall of 2020, I joined the Avon Old Farms School coaching team.
Education: Master’s Degree in Sports and Recreation from Ohio University with a focus on football coaching. I have a United Soccer Coaches National Diploma and a U.S. Soccer C License”.
Who are
Avon Old Farms School’s competitors in football championships?
As a member of the Founders League, which is a hand-picked group of schools nationally recognized as the most competitive and respected sports leagues in the country, the school competes against the most elite teams in championships.
In the list of competing schools:
- Loomis Chaffee
- Choate Rosemary Hall
- The Hotchkiss School
- Westminster
- Taft
- Kent
- Trinity-Pawling
- Kingswood Oxford.
Where do
Avon Football Academy graduates go?
After leaving school, the most talented footballers move on to the next level of their career – they enter universities and colleges, where they find a worthy place in university sports. In recent years, the school’s footballers continued their sports careers in the following universities:
- UCONN
- Louisville
- UC San Diego
- USF
- Lafayette
- Gettysburg College
- Conn College
- Amherst College
- Howard University
- Bentley College
- Bates College
- Trinity College
Basketball Academy
Avon Old Farms School
The school has four fully staffed teams with at least two coaches per team.
The varsity team plays at least 22-25 games per academic year. The team is a member of the Tri-State League and Founders League. The team competes in tournaments on a par with the strongest school teams:
- The Hotchkiss School
- Kent
- Trinity-Pawling
- Taft
- Berkshire School
- Canterbury
and in league games since: - Choate Rosemary Hall
- Loomis
- Kingswood-Oxford
- Westminster
In addition to league opponents, the school team plays games with the traditionally strongest school teams: - Salisbury
- Suffield
- Deerfield
- St. Andrew’s
- Marianapolis
Swimming Academy
In early 1945, a Voluntary Fund Committee was formed to build a swimming pool for soldiers blinded in World War II at the Old Farms Convalescent Hospital, located on the campus of the Avon Old Farms School. The school then functioned as a rehabilitation facility for convalescents.
When the school reopened in 1948, Veteran’s Pool became home to the first Avon swim teams. Under 19For 53 years, Avon had two swim teams – the Diogenes team and the Eagles team. The team has had many successful seasons since then, especially during the era of Brad Mason, Jorge Consuegra and Bill Krohn. These three coaches led the team to three decades of greatness in the 60s, 70s and 80s. In its peak years, the swimming and diving program was extensive enough to field three teams. In 2005, in its sixtieth year of existence, Veteran’s Pool was demolished as part of Avon’s sports facilities upgrade plan. A new pool has not been built, but the swim team continues to compete successfully, training at the newly built Miss Porter’s School pool.
Entry requirements
Required documents:
Program fees in USD
Full board tuition and accommodation: 63600 9000 3 Tuition without board: 48300
Student fee: 3500
Hockey Camp – JOHN GARDNER’S SUMMER HOCKEY CAMP
Ages: 9-17
Full Board Camp
Dates: August 7-11
Boarding fee: $1050
Camp without boarding
Dates: August 15-19
Cost: $850
Varsity Hockey Coach – John Gardner.
John Gardner’s team won 8 New England Prep Division I Championships.
–
How Ares turned private lending into the most successful business on Wall Street
Big deals and private equity firms make headlines, but Los Angeles-based Ares Management quietly raised $352 billion in assets demonstrating stable profits no matter what happens in the stock market
In 1986, as an adventurous 13-year-old New York Yankees fan, Michael Arugheti decided to sell baseball cards at weekend collectible fairs in suburban New York. At the time, he was earning thousands of dollars through his business. This helped him realize that selling hundreds of cards for a small price was more profitable than obsessively looking for a rare Hank Aaron card that showed him as a novice player. While such a card might cost tens of thousands of dollars, it was nearly impossible to find. Since 2018, Arugeti has been the CEO of Ares Management, a lending-focused alternative investment company.
It has quietly become one of the most successful firms on Wall Street, but unlike the more established private equity firms, Ares has managed to cope with difficulties with consistent results.
The Los Angeles-based company’s assets rose to $352 billion, more than tripling over the past five years, with $214 billion in the lending business, which provides loans to obscure midsize companies around the world. While companies like KKR are known for making bold bets on stocks with unlimited profit potential, Ares is mostly limited to paying interest on its loans pegged to base rates like LIBOR. This suits 2000 pension funds, insurance companies and other institutional clients quite well.
Related material
“People are attracted to long-term income. We preached very early on the value of a combination approach,” says Arugeti, 50, noting the boom in business caused by falling stock markets and rising interest rates.
Ares definitely stands out on Forbes’ Financial All-Stars list, which features 50 global financial companies in seven sectors: banking, insurance, capital markets, consumer finance, mortgages, fintech and business development. According to KBW analysts, these companies have strong five-year risk-adjusted returns, as well as a host of impressive fundamentals, including debt-to-equity ratios and earnings growth. Ares leads the list with a cumulative return of 316% for the five years ended September 2022, compared to 56% for the S&P 500.
Like other successful alternative investment companies, Ares has become a “billionaire factory”. Arugeti and the company’s co-founders, Bennett Rosenthal, 59, and David Kaplan, 55, are billionaires according to Forbes. Executive Chairman Anthony Ressler, the principal owner of the NBA’s Atlanta Hawks, is worth an estimated $6.
6 billion.
Ares Management Executive Chairman Anthony Ressler (Photo by Michael Nagle Bloomberg via Getty Images)
Ressler co-founded Ares in 1997, when he was 37, as the loan arm of Apollo Global Management, which he founded in 1990 with colleagues at Drexel Burnham Lambert under Leon Black. Before its collapse in 1990, Drexel, led by Michael Milken, pioneered the junk bond market. Five years at Drexel provided Ressler with a crash course in lending.
“This asset class made me want to be an analyst, make me understand companies, because historically a lot of investment banking was about financing high-end companies, which didn’t require a lot of analysis,” says the 62-year-old Ressler. “It became the foundation of my career and the Ares company. Understanding and assessing risk is what we do for a living.”
The current look of the company began to take shape when Arugeti and Kipp Devir, now head of Ares Credit Group, and a team of colleagues including Ares Credit Group co-chairs Michael Smith and Mitchell Goldstein came together in 2004 and 2005 to create a private lending business./cdn.vox-cdn.com/uploads/chorus_image/image/68851028/Orsini.0.jpg)
Twenty years ago, private lending was an alien concept. Institutional debt investors tended to buy bank loans, which were sold by investment banks as liquid loans. Ares has cut out the middlemen by going directly to businesses to get loans on their own.
Related material
Like stock analysts, Ares conducts its own risk assessment, meeting with company management, and striving for growth, high margins, and high returns on invested capital. In 2021, she helped fund Thoma Bravo’s acquisition of Stamps.com, an online pickup and delivery company, for $6.6 billion. Microstar Logistics, one of the world’s largest beer keg rental companies, has turned to Ares for hundreds of millions of dollars in loans.
Nearly all of Ares’ offerings to investors contain floating rate senior secured loans, which means they are backed by the borrower’s assets.
This stability has helped the company succeed in volatile markets. It raised $77 billion in gross new capital in 2021 and another $57 billion in 2022, and its management services fee income (the company charges between 0.35% and 1.5% on its loan funds) has over the last more than doubled in three years to reach $2.1 billion.
While lending services are the company’s main source of revenue, Ares also has $138 billion in funds in other segments such as real estate, infrastructure and private equity. The list includes a $5.5 billion “special opportunity” fund that invests in restructuring. Betting on previously bankrupt companies Frontier Communications and Hertz helped the fund return 25% per annum since 2019. Last year, Ares created a second $7.1 billion “special opportunity” fund. The company also has $3.7 billion to invest in sports, media and entertainment, having taken on debt or minority stakes in 19such companies, including the NHL club Ottawa Senators and the Formula 1 team McLaren Racing.
(Rosenthal also personally owns a significant stake in one of the Los Angeles Major League Soccer teams.)
Related material
“These are uncorrelated assets. They have a value based on their rarity,” Arugeti says. “The value of content is growing, and entertainment that does not require a script is more unique than live sports broadcasts simply does not exist.”
Long before Anthony Ressler made his billions with Ares Management, he had a career at Drexel Burnham Lambert, Michael Milken’s famed investment bank that fueled economic growth through junk bonds in the 1980s. He’s not the only Drexel alum to make the Forbes list of billionaires. Here are the top five richest:
Leon Black
Co-founder of Apollo Global Management
Wealth: $9.
