Unrisky Business

Tucker talks about Ares Management which has quietly amassed $341 billion in assets by offering steady returns regardless of what happens in the stock market. Since 2018, Michael Arougheti has been the CEO of credit-focused alternative asset firm. The Los Angeles CA-based firm has grown to $341 bill...

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Veröffentlicht in:	Forbes 2023-02, Vol.206 (1), p.32
1. Verfasser:	Tucker, Hank
Format:	Magazinearticle
Sprache:	eng
Schlagworte:	Arougheti, Michael Asset management Business growth Corporate profiles Credit deVeer, Kipp Securities markets
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description	Tucker talks about Ares Management which has quietly amassed $341 billion in assets by offering steady returns regardless of what happens in the stock market. Since 2018, Michael Arougheti has been the CEO of credit-focused alternative asset firm. The Los Angeles CA-based firm has grown to $341 billion in assets, more than tripling in size in the last five years, with $204 billion in its credit business, which makes loans to little-known mid-sized companies worldwide. Today's incarnation of the firm began to take shape when Arougheti and Kipp deVeer, now the head of Ares Credit Group, arrived in 2004 to build its private credit business. Twenty years ago, private credit was a foreign concept.
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subjects	Arougheti, Michael Asset management Business growth Corporate profiles Credit deVeer, Kipp Securities markets
title	Unrisky Business
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