Ares Management chief eyes private equity as group’s next target
Michael Arougheti says private credit-focused firm has ‘a lot of financial capacity to buy’
Michael Arougheti says private credit-focused firm has ‘a lot of financial capacity to buy’

Real estate and infrastructure commitments help offset weakness in group’s core business

Redemption requests across industry surge as exodus of wealthy individuals accelerates

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations

Big groups including Apollo, Ares and Blackstone were hit with redemption requests at start of 2026

Negotiations come as asset managers turn to retail investors after slowdown in flow of cash from institutional backers

A firm should think carefully about which risks are worthwhile and tolerable to their clients