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Ares CEO Arougheti Bets On Retail ‘Revolution’ for Alternatives

  • Ares launched private market fund this week for individuals
  • He also discussed sports investing at Bloomberg Wealth Summit

Individual investors who were previously locked out of alternative-asset classes like private equity are in the midst of a “revolution,” Ares Management Corp. Chief Executive Officer Michael Arougheti said.

“We now have credit product, we have real estate product and now private equity product that mass affluent and true retail investors can access with partial liquidity,” Arougheti said Thursday at the Bloomberg Wealth Summit in New York. “That is a little bit of a holy grail.”