Ares Aims to Surpass $750 Billion in Assets by 2028
- The firm unveiled new targets ahead of its investor day
- Ares has enjoyed a boom in credit, its largest asset class
This article is for subscribers only.
Ares Management Corp., unveiling a fresh slate of financial targets, predicted it will boost assets under management more than 75% to surpass $750 billion by the end of 2028.
“We expect to grow faster than the projected industry average over the next five years,” the Los Angeles-based alternative asset manager wrote in a presentation posted to its website Tuesday.