Ares Management files for IPO

|By:, SA News Editor

As tipped last week, private-equity firm Ares Management files for an IPO. The company has $74B in AUM and has grown AUM by a CAGR of 31% over the last decade, and by 24% over the last five years. It will trade on NYSE under the symbol ARES.

In the year ended 2013, Ares generated management fees of $517M and economic net income of $329M.

SEC Form S-1