Ares Management is open to expanding its presence in private equity through acquisitions, with chief executive Michael Arougheti indicating the alternative asset manager would benefit from a larger buyout business if the right opportunity emerges, according to a report by Reuters.
Speaking on the firm’s latest earnings call, Arougheti said Ares is evaluating whether its private equity platform should be larger, adding that the answer is “probably” yes, provided any transaction delivers strategic...
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