Ares Management Open to Buying Large Private Equity Group, CEO Says

Ares Management open to buying large private equity group, CEO says

Ares CEO signals large-scale private equity acquisition

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 org…