Ares Management reportedly set to file IPO papers


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).

Comments (1)
  • R Block
    , contributor
    Comment (1) | Send Message
     
    What does this mean to stockholders of ARCC?

     

    Long ARCC
    28 Mar 2014, 03:41 AM Reply Like
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