Ares Management could pursue the acquisition of a sizeable private equity firm as it looks to strengthen its buyout platform and compete more directly with industry heavyweights such as Blackstone, KKR and Apollo Global Management, according to a report by the Financial Times.
The report cites Chief Executive Michael Arougheti as saying that the private credit-focused alternative asset manager has significant financial capacity to both build organically and pursue acquisitions, particularly as U...
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