Ares Posts Record Fundraising, AUM Hits $671B Amid Private Credit Turmoil


Ares beat estimates with record fundraising, raising AUM to $671 billion — CEO Mike Arougheti comments on navigating private credit turmoil.

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What stands out

Bloomberg aired comments from Ares Management’s CEO after the firm posted record fundraising and pushed assets under management (AUM) to $671 billion while beating earnings estimates. That matters because private-credit markets have been jittery this year. A giant fundraising quarter shows institutional demand hasn’t evaporated. It is concentrating with incumbents that can distribute capital and price risk.