Private equity is an AUM weak spot for Ares, when compared to other listed alt asset firms.
Ares Management is in acquisition talks with Leonard Green & Partners to address its weak private equity position, which accounts for only 4% of its $644B in AUM compared to peers' broader exposure. The consolidation reflects major alternative-asset firms strategically filling portfolio gaps to compete at scale, increasing capital competition for mid-market tech deals.
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Ares Management has held talks to acquire Los Angeles-based buyout shop Leonard Green & Partners, per the Financial Times.
Why it matters: Private equity is an AUM weak spot for Ares, when compared to other listed alt asset firms. Adding Leonard Green would help it fill the hole.
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