With the private-equity business in high cotton, Ares Management (ARES) hits the public markets with an 11.36M common unit offering, raising about $216M. The firm - whose portfolio includes Ares Capital (ARCC) and Ares Commercial Real Estate (ACRE) - is headed by Tony Ressler, an alumnus of Drexel Burnham and Apollo Global, where he worked alongside brother-in-law Leon Black.
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