Ares Management reportedly set to file IPO papers

|About: Ares Capital (ARCC)|By:, SA News Editor

Amid high times for private-equity, Ares Management is prepping the largest IPO of an alternative asset manager since Carlyle Group went public two years ago, reports Bloomberg. Based in L.A., the firm has $74B in AUM. Its CEO Tony Ressler is an alumnus of Drexel Burnham and Apollo Global where he worked alongside Leon Black (his brother-in-law).

Among Ares' portfolio is Ares Capital (ARCC) and Ares Commercial Real Estate (ACRE).