Ares Management open to buying large private equity group, CEO says
Ares Management CEO Michael Arougheti stated that the firm is open to acquiring a large private equity group to enhance its leveraged buyout unit. This move aims to compete with larger firms like Blackstone, KKR, and Apollo Global Management. Ares has significant financial capacity for acquisitions, though no deal is imminent. Private equity currently represents 4.2% of Ares' assets, down from 13.5% in 2014.
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