Key Takeaways
- • Ares Management, the U.S.-based alternative investment firm overseeing $395 billion in assets, plans to open an office in Japan as soon as 2024, according to Nikkei Asia.
- • The firm is targeting private equity and real estate opportunities in Japan.
- • The Tokyo office timing was disclosed by CEO Arougheti, per the Nikkei report.
- • The move is part of a broader wave of global asset managers expanding into Japan, including Blackstone, KKR, Apollo and Goldman Sachs.
Summary
U.S.-based alternative investment firm Ares Management plans to open an office in Japan as soon as next year, seeking private equity and real estate opportunities, according to Nikkei Asia. Nikkei staff writer Takenori Miyamoto reported on December 5, 2023 that the Tokyo office is expected to open in 2024, citing comments from Ares CEO Arougheti.
Ares oversees $395 billion in assets, according to the report. The firm's entry targets two of its core strategies, private equity and real estate, in a market where foreign asset managers have been increasingly active. The report frames the expansion within a broader push by global managers into Japan, noting related Nikkei coverage of Apollo Global's interest in Japan's aging savers, Goldman Sachs' plans to accelerate its Japan push, and Blackstone's rollout of a private credit fund with Daiwa.
The article does not disclose details on planned headcount, fund size, or specific transactions for the Tokyo operation.
Ares oversees $395 billion in assets, according to the report. The firm's entry targets two of its core strategies, private equity and real estate, in a market where foreign asset managers have been increasingly active. The report frames the expansion within a broader push by global managers into Japan, noting related Nikkei coverage of Apollo Global's interest in Japan's aging savers, Goldman Sachs' plans to accelerate its Japan push, and Blackstone's rollout of a private credit fund with Daiwa.
The article does not disclose details on planned headcount, fund size, or specific transactions for the Tokyo operation.
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