In late September, Rob Long was let go as head of
Long is working at Ares Capital, according to a research report from Stifel Nicolaus & Co.
Ares did not return a call for comment.
The Stifel Nicolaus report says that the move is a positive sign for the Allied-Ares merger, as it is a sign that Long, who knows where “the bodies are buried,” was likely involved in the deal’s due diligence.
Furthermore, the report states that Long will help Ares in its loan extension negotiations.
No word from the firms on the sales of certain assets, which were on the block before the merger was announced, including the sale of Callidus Capital.
Long joined Allied Capital in 2002 and has been a member of the firm’s investment committee. His father, Robert E. Long, has been a director on Allied’s board since 1972, according to Forbes magazine. —Erin Griffith
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