Ares Management

also referred to as: ares

34 statements across 7 episodes · 14 bullish · 1 bearish · 6 people on the record · first statement Sep 15, 2022 by Pete Stavros · said 122 times in 19 episodes since 2020 · across every show →

Mentions by year

brought up most by Kipp deVeer (63), Ted Seides (28), Joel Holsinger (8), Vincent Daniel (3), Manny Citron (3), Mike Kelly (2), Ian Charles (2), Daniel Adamson (2)

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001022042020202120222023202420252026episodesmentions per episode
2026 12 mentions in 2 episodes 6 per episode
2025 33 mentions in 4 episodes 8 per episode
2024 4 mentions in 3 episodes 1 per episode
2023 64 mentions in 4 episodes 16 per episode
2022 2 mentions in 2 episodes 1 per episode
2021 2 mentions in 2 episodes 1 per episode
2020 5 mentions in 2 episodes 3 per episode

every mention, scene by scene, with the transcript →

Everything said about Ares Management, oldest first

Sep 15, 2022 neutral
Assertion Partly supported
Stavros: Top PE firms each control up to one million employees
“Or in a more concentrated way, could you convince Blackstone, Carlyle, TPG, Apollo, Aries, Warburg, Pincus, Bain, a handful of companies which each control half a million, million employees.”
Pete Stavros Sep 15, 2022 ▶ 44:46 SPECIAL ANNOUNCEMENT: Private Equity Deals Podcast
Sep 26, 2022 bullish
Prediction Not checkable as stated
Brown: Blackstone, Apollo, and Ares are competing to brand private wealth alts
“The Blackstones, the Apollos, the Aries, all these firms see the high stakes game of capturing that wealth, and they're going to compete for it and be the brand.”
Matt Brown Sep 26, 2022 ▶ 18:34 Matt Brown – Tidal Wave of Capital for Alternatives from Retail (Capital Allocators, EP.272)
May 15, 2023 neutral
Assertion Not checkable as stated
Lasry: Mega-firms like Ares and Oaktree now rely on bank leverage
“What you're finding is the larger firms, whether it's Aries, Oaktree, will go out and end up doing these bilateral deals, and they'll end up using the leverage from a bank To generate the return. So I think, I would tell you, 10 years ago, people didn't really…”
Marc Lasry May 15, 2023 ▶ 41:00 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
Jul 24, 2023
Assertion Supported
Ares Manages Over $360B in AUM With $250B in Credit
“So Aries today is about 2600 people. We have 30 offices. The rough breakdown today is about 700 in New York, 700 in L.A. And about 400 in London. And then the balance are either folks out originating new deals or looking for clients. 360 something billion of A…”
Kipp deVeer Jul 24, 2023 ▶ 17:06 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 positive
Disclosure
Ares Opens Its Investment Committee Meetings to All Firm Employees
“We don't have a behind the door investment committee. Everybody in our organization literally sits in on our investment committees.”
Kipp deVeer Jul 24, 2023 ▶ 37:31 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 bullish
Prediction Not checkable as stated
Higher Interest Rates Will Spark a Shining Moment for Secondaries
“Our view is there's a lot of this private capital that's now stuck. With higher rates that really is going to create liquidity issues for a lot of investors. So this could really be a shining moment for the secondaries business.”
Kipp deVeer Jul 24, 2023 ▶ 23:52 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 neutral
Assertion Supported
Ares Managed $3B in CLOs With Just 65 Employees in 2004
“But at the time when I got there, it was about 65 people. It was LA only. I think we managed probably three billion of CLO money, largely bank loans, but some high yield in there too, because they were all market value CLOs. And Tony and Ben Rosenthal were get…”
Kipp deVeer Jul 24, 2023 ▶ 16:16 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 positive
Assertion Supported
Ares US Direct Lending Netted 12% to 13% Over 20 Years
“Our US direct lending business, I can show someone a hundred plus billion dollar track record over 20 years through market cycles that's generated a net 12 or 13.”
Kipp deVeer Jul 24, 2023 ▶ 20:05 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023
Insight
Junior Private Credit Sourcers Need 20 to 30 Sponsors for Deal Flow
“If you're covering large cap sponsors that do high volume, you know, the Advents or the Premieres, you know, Hellman Friedman, a couple of those will keep you pretty busy. And those obviously sit with probably our most experienced people. And then if you go do…”
Kipp deVeer Jul 24, 2023 ▶ 34:03 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 neutral
Insight
Contagion Risk Interconnects the Top 8 to 10 Alternative Asset Managers
“If something happens to Blackstone or Apollo or KKR, we're going to get the same question. What does your exposure look like? How do you guys think about this? So it's, yeah, there's an interrelatedness of eight or 10 of these companies for sure.”
Kipp deVeer Jul 24, 2023 ▶ 1:02:00 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 positive
Insight
Multi-Product Platforms Originate Better Deals Than Single-Strategy Credit Funds
“If you're just a Mez fund, you only get calls on Mez deals. If you're just a Unitranche guy, you just get calls on Unitranches, right? So, and by the way, sometimes being in the Unitranche is better risk reward than being in the Mez and sometimes it's the othe…”
Kipp deVeer Jul 24, 2023 ▶ 31:27 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 neutral
Disclosure
Ares Caps Single-Position Fund Allocations Mostly Under One Percent
“We really don't like running portfolios probably more than two and a half percent positions just from an overall risk management perspective, but we're big enough now that most of the allocations to funds are less than one percent.”
Kipp deVeer Jul 24, 2023 ▶ 46:28 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 bullish
Assertion Not checkable as stated
Ares Estimates Non-Corporate Alternative Credit Is a $3T to $4T Market
“It's a very large market. We think it's a three, four trillion dollar addressable market.”
Kipp deVeer Jul 24, 2023 ▶ 57:07 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Jul 24, 2023 positive
Opinion
Private Credit Gets Easier to Execute as Firms Grow Larger
“This is one of the few investment businesses, in our opinion, that's actually easier the bigger you get, so long as you continue to invest behind it.”
Kipp deVeer Jul 24, 2023 ▶ 30:43 Kipp deVeer – The World of Private Credit at Ares (EP.329)
Feb 10, 2025
Assertion Not checkable as stated
Charles: Only Ares, Apollo, Blackstone, and KKR reach Level 10 scale
“There's only six firms at level 10, and they are enormous. They look more like Goldman Sachs than they look like Arctos. Aries, Apollo, Blackstone, KKRA, it's the biggest of the big.”
Ian Charles Feb 10, 2025 ▶ 15:15 Ian Charles - Private Equity's New Rules (EP.431)
Jun 2, 2025 neutral
Assertion Supported
DeVeer: Retail Alternative Fund Fees Are Identical Across Major Managers
“If you were to launch a non-traded BDC today, you'd say, who are the biggest non-traded BDCs? What are their fees? Boom, by the way, they're all exactly the same, and they haven't moved much. That's true of the other asset classes as well, so everybody's a car…”
Kipp deVeer Jun 2, 2025 ▶ 28:56 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Assertion Supported
DeVeer: Competitors Have Queued Retail Credit Capital to Limit Inflows
“We've actually seen one or two of our competitors queue credit capital over the last year or two.”
Kipp deVeer Jun 2, 2025 ▶ 39:36 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Prediction Held up
DeVeer: Ares Expects 20% of New Capital From Wealth, Trailing Peers
“Most firms like Aries expect that 40% of their capital raising going forward will come from the wealth channel. That's not our expectation, but I mean, I think if we think about sizing new capital on an annual basis, my guess is something like 20% of our forec…”
Kipp deVeer Jun 2, 2025 ▶ 17:55 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Disclosure
DeVeer: Ares Doubled Global Wealth Distribution Team to 150 People
“Raj basically said, we need to go from 75 to a 150 people globally like yesterday. Which we did, although took a little bit of a breath before we did it.”
Kipp deVeer Jun 2, 2025 ▶ 11:45 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025
Assertion Supported
deVeer: Ares Management Reaches About $500 Billion in AUM
“We're about five hundred billion of AUM today.”
Kipp deVeer Jun 2, 2025 ▶ 8:57 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Insight
DeVeer: Retail Inflows Push Competitors to Loosen Underwriting Discipline
“If they have a big flow quarter in a particular product, we'll see them be very competitive on new underwritings because they have a bunch of cash sitting around that they need to deploy.”
Kipp deVeer Jun 2, 2025 ▶ 36:49 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Assertion Partly supported
DeVeer: Blackstone Held 60% Share in Private Wealth Alternatives Around 2021
“When we were in the midst of negotiating the acquisition, we saw it as an asset that we could unlock, but it was really interesting period of time in 2002 1001, whenever it was, Blackstone, because of their early lead in the market, had a roughly 60, 65% marke…”
Kipp deVeer Jun 2, 2025 ▶ 12:07 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 bullish
Assertion Supported
deVeer: Ares 20-year charge-offs beat public market default rates
“If you look at our historical charge-offs versus defaults in the public markets, they're just better over a twenty-year period because of that control”
Kipp deVeer Jun 2, 2025 ▶ 25:01 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025
Disclosure
DeVeer: Ares Relies on iCapital and CAIS for RIA Distribution
“There are folks out there who do that for a living, whether it's iCapital or Case. They do a really nice way of Really being deep with that community that we couldn't possibly go make one-off calls on all the time.”
Kipp deVeer Jun 2, 2025 ▶ 33:14 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 positive
Assertion Not checkable as stated
DeVeer: Private Wealth Investors Write Sticky $200K to $500K Checks
“Generally, what you're seeing from these clients is they're putting 200,000 to 500,000 dollar check sizes to work, and we found that that money is quite sticky.”
Kipp deVeer Jun 2, 2025 ▶ 15:13 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Assertion Not checkable as stated
DeVeer: Five Alternative Managers Hold 40% Share in Private Wealth Channel
“There are now four or five firms, including Blackstone and Aries, that have probably 30 or 40% market share at the top of the stack.”
Kipp deVeer Jun 2, 2025 ▶ 13:12 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 neutral
Assertion Supported
DeVeer: Wealth Channel Accounts for $40 Billion of Ares' Total AUM
“So if you look at our roughly five hundred billion of AUM today, about Forty billion of that is from the wealth channel.”
Kipp deVeer Jun 2, 2025 ▶ 17:46 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 negative
Insight
DeVeer: Pro-Cyclical Retail Credit Capital Inherently Risks Underwriting Discipline
“I would not want 75% of my credit capital to be in a pro-cyclical structure like this, which it inherently is, and that's where you can lose discipline.”
Kipp deVeer Jun 2, 2025 ▶ 38:33 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 bullish
Assertion Supported
DeVeer: Retail Credit Funds Are Ares' Largest and Fastest-Growing Products
“The funds that we have in the retail channel and credit are not surprisingly the largest ones that we manage and are growing the quickest.”
Kipp deVeer Jun 2, 2025 ▶ 22:26 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Jun 2, 2025 bullish
Prediction Not checkable as stated
DeVeer: Ares Expects Asian Wealth Fundraising to Match European Surge
“The capital raising that we did in Europe was tremendous and a little bit of a surprise for us, and I think this year may be that year for Asia, but being global is important because I think it's a global opportunity.”
Kipp deVeer Jun 2, 2025 ▶ 14:13 Kipp deVeer – Scaling for Private Wealth Globally in Credit (Private Wealth 5, EP.449)
Apr 9, 2026
Assertion Supported
Ares Alternative Credit grew from $5-6B to ~$50B in seven years
“I run today alternative credit, which for those who aren't familiar at Aries is everything asset-based finance, which we've grown from five, six billion dollars to around fifty billion dollars in the last seven years.”
Joel Holsinger Apr 9, 2026 ▶ 9:55 Promote Giving – A New Model for Performance-Driven Giving (EP.496)
Apr 9, 2026 positive
Assertion Not checkable as stated
Ares won Milken family office deal over competitors due to philanthropic alignment
“We did something with Mike and Lowell Milken on their family office. Mike absolutely loved that we had this alignment and we had this transaction. On a deal where it's a tie with three or four people, it's like, I think I'd rather partner with this person. He'…”
Joel Holsinger Apr 9, 2026 ▶ 20:14 Promote Giving – A New Model for Performance-Driven Giving (EP.496)
Apr 9, 2026 positive
Assertion Not checkable as stated
Ares completed billions in deals with asset managers joining Promote Giving
“We've now done deals with most of the groups because in this whole process of putting this together, you're all talking to each other at the top of the house level. And part of the conversation is we should be partnering with you on this. We've already done a …”
Joel Holsinger Apr 9, 2026 ▶ 18:07 Promote Giving – A New Model for Performance-Driven Giving (EP.496)
Apr 9, 2026 positive
Assertion Supported
Ares Management's Pathfinder funds accrued over $50M for global philanthropy
“We've already accrued over fifty million dollars that will go to global health and education.”
Joel Holsinger Apr 9, 2026 ▶ 11:31 Promote Giving – A New Model for Performance-Driven Giving (EP.496)
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