Slow Down in Sovereign Wealth Client Capital for Ares Management
Private equity giants have been able to extract insane amounts of capital from sovereign funds and other large asset owners over the past few years, as these investors compete in a low-yield environment. To maintain assets under management growth, private equity firms have evolved into offering real estate, credit and other private market solutions. In fact, a number of Gulf wealth funds have directly invested into private equity firms, some examples of these firms receiving direct investment are The Blackstone Group, The Carlyle Group and Providence Equity.
In a recent press release, Ares’ president Michael Arougheti said the firm had over US$ 22 billion in dry powder and US$ 13.5 billion in client assets not yet earnings fees.
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