Ian Maccubbin joined Ares Commercial Finance’s business development and underwriting teams as a principal. Maccubbin will be based in Boston and will assist in covering the Northeast market, where he will have cross-functional business development and underwriting responsibilities. In his new role, he will work to support the existing ABL platform as well as its product suite, including first lien, split lien, FILO and second lien transactions.

Maccubbin joined Ares Commercial Finance with 18 years of experience in the financial industry, most recently as a principal on the Carlyle Group’s private credit team. In that role, he worked to build out an asset-based and asset-backed strategy within direct lending. Prior to that, he was a vice president at PNC Financial Services Group on the retail finance vertical team in a full utility position.

“We are excited to welcome Ian to the commercial finance team,” Mitch Drucker, a partner in Ares Management’s credit group, said. “He joins us with significant experience in private credit and asset-based lending, and we expect him to play a key role in product development as we seek to broaden the breadth of our offerings.”