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Damien Dwin - 3 Armen Panossian - 3 Oaktree's Armen Panossian Michael Arougheti - 2 Ares - 1 Michael Arougheti Michael Arougheti - 1 Morgan - 1 Jefferies - 1 Goldman Sachs - 1
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Lafayette Cava Bellevue , Washington United States Canada Canada's Ontario New York
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Ares Management Corporation - 5 Lafayette Square - 3 CNBC's - 3 Alpha - 3 YORK - 1 Energy - 1 Kodiak Gas Services - 1 reinsurer Fidelis Insurance Holdings - 1

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11 mentions found


☆ Good companies are staying private longer, says Ares Management CEO Michael Arougheti
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGood companies are staying private longer, says Ares Management CEO Michael AroughetiMichael Arougheti, Ares Management Corporation co-founder and CEO, Damien Dwin, Lafayette Square founder and CEO, and Armen Panossian, Oaktree incoming co-CEO, join CNBC's Delivering Alpha 2023 conference to discuss why investors should get involved in private credit amid the possibility of a recession, how returns are being generated despite economic volatility, and more.
Persons: Ares, Michael Arougheti Michael Arougheti, Damien Dwin, Armen Panossian Organizations: Ares Management Corporation, Lafayette Square, CNBC's, Alpha Locations: Lafayette
☆ Economy and markets could actually experience trouble going forward: Oaktree's Armen Panossian
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEconomy and markets could actually experience trouble going forward: Oaktree's Armen PanossianMichael Arougheti, Ares Management Corporation co-founder and CEO, Damien Dwin, Lafayette Square founder and CEO, and Armen Panossian, Oaktree incoming co-CEO, join CNBC's Delivering Alpha 2023 conference to discuss why investors should get involved in private credit amid the possibility of a recession, how returns are being generated despite economic volatility, and more.
Persons: Oaktree's Armen Panossian Michael Arougheti, Damien Dwin, Armen Panossian Organizations: Ares Management Corporation, Lafayette Square, CNBC's, Alpha Locations: Lafayette
☆ Private credit returns are 'very attractive' given the risk, says Oaktree's Armen Panossian
  + stars: | 2023-09-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrivate credit returns are 'very attractive' given the risk, says Oaktree's Armen PanossianMichael Arougheti, Ares Management Corporation co-founder and CEO, Damien Dwin, Lafayette Square founder and CEO, and Armen Panossian, Oaktree incoming co-CEO, join CNBC's Delivering Alpha 2023 conference to discuss why investors should get involved in private credit amid the possibility of a recession, how returns are being generated despite economic volatility, and more.
Persons: Oaktree's Armen Panossian Michael Arougheti, Damien Dwin, Armen Panossian Organizations: Ares Management Corporation, Lafayette Square, CNBC's, Alpha Locations: Lafayette
☆ Private equity-backed Savers Value Village targets $2.7 billion valuation in US IPO
  + stars: | 2023-06-20 | by ( Chibuike Oguh | Thomson Reuters | Chibuike Reports On Mostly Large U.S.-Based Private Equity Firms | ) www.reuters.com   time to read: +1 min
NEW YORK, June 20 (Reuters) - Savers Value Village (SVV.N) said on Tuesday it aims to raise up to nearly $320 million for an initial public offering that would value the U.S. thrift store operator at about $2.7 billion. Savers Value Village, owned by private equity firm Ares Management Corp (ARES.N), plans to sell up to 18.8 million shares at $15 to $17 apiece, regulatory filings showed. Based in Bellevue, Washington, Savers Value Village is one of the largest retailers of secondhand clothing, books, toys, shoes and household goods, with 317 stores in the United States and Canada. Revenue totaled $1.44 billion in 2022, up 19% from the prior year, while net income was flat at $84.7 million. Ares Management will retain an 88% stake in Savers Value Village after the IPO.
Persons: Morgan, Jefferies, Goldman Sachs, Chibuike Oguh, Lance Tupper, Richard Chang Organizations: YORK, Energy, Kodiak Gas Services, reinsurer Fidelis Insurance Holdings, Ares Management Corp, Revenue, Management, Canada's, Norges, Investment Management, J.P, UBS, underwriters, New York Stock Exchange, Thomson Locations: Cava, Bellevue , Washington, United States, Canada, Canada's Ontario, New York
☆ Ares Management CEO Michael Arougheti makes the bull case for private credit
  + stars: | 2023-05-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAres Management CEO Michael Arougheti makes the bull case for private creditMichael Arougheti, Ares Management Corporation co-founder, joins 'Squawk on the Street' to discuss opportunities in private credit.
Persons: Michael Arougheti Organizations: Ares Management, Ares Management Corporation
☆ Watch CNBC’s full interview with Ares Management Corporation co-founder Michael Arougheti
  + stars: | 2023-05-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Ares Management Corporation co-founder Michael AroughetiMike Arougheti, Ares Management Corporation co-founder, joins 'Squawk on the Street' to discuss opportunities in private credit.
Persons: Michael Arougheti Mike Arougheti Organizations: Ares Management Corporation
☆ Analysis: Private equity steps up lending as US banks pull back
  + stars: | 2023-05-22 | by ( Tatiana Bautzer Saeed Azhar | Tatiana Bautzer | Saeed Azhar | ) www.reuters.com   time to read: +5 min
"With loan terms tougher and tighter, the option for private credit providers is on steroids," said Drew Schardt, head of investment strategy at Hamilton Lane, one of the largest investment firms in private markets. Pietrzak sees "attractive" assets in auto and consumer lending. POISED TO GAIN SHAREInvestors providing private credit comprise 12% of the $6.3 trillion U.S. commercial credit market, according to Fitch Ratings. "The tightening of lending standards creates opportunities for private credit to gain share," said Lyle Margolis, Fitch's head of private credit. While private credit funds have grown swiftly, the risks they pose to the financial system appear limited, the Federal Reserve wrote in a report this month.
☆ Private equity firms lend less as demand cools
  + stars: | 2023-03-03 | by ( Chibuike Oguh | ) www.reuters.com   time to read: +4 min
The amount of loans disbursed by direct lenders so far in 2023 has not shown any pickup, the Refinitiv data shows. Also weighing on deal volumes is the cost of borrowing from private equity firms. This has dampened demand for loans from private equity firms. For their part, private equity firms have also become more risk-averse when it comes to lending, as the economic slowdown and sticky price inflation erode the credit worthiness of some borrowers. To be sure, major deals using private equity firms as lenders are still getting done as banks have continued their retrenchment from risky debt.
☆ Man United bids draw financing interest from Ares -sources
  + stars: | 2023-02-22 | by ( Chiara Elisei Pablo Mayo Cerqueiro Amy-Jo Crowley | Chiara Elisei | Pablo Mayo Cerqueiro | ) www.reuters.com   time to read: +3 min
LONDON, Feb 22 (Reuters) - Buyout financier Ares Management Corp (ARES.N) has been offering funds to support a takeover of Manchester United (MANU.N), three sources familiar with the matter told Reuters. It is the latest U.S. asset manager to seek a financing role in the battle for the English soccer club. It was unclear whether Ares has been looking to finance bids for Manchester United through that fund, which has already invested in Spain's Atletico de Madrid soccer club and Inter Miami CF, or another vehicle. Last Friday, Manchester United received indicative offers from bidders including chemicals firm INEOS, led by long-time fan Jim Ratcliffe, and Qatari Sheikh Jassim Bin Hamad Al Thani. INEOS wants to fund an offer without external financing, but could consider bringing in a minority equity partner, one source said.
☆ JPMorgan begins private lending drive with $10 billion - source
  + stars: | 2023-01-19 | by ( ) www.reuters.com   time to read: +1 min
Jan 19 (Reuters) - JPMorgan Chase & Co (JPM.N) has set aside at least $10 billion to back its foray into the world of direct lending, a person with knowledge of the matter told Reuters on Thursday. The Wall Street titan's move into the market is likely to put it head to head with established sector heavyweights such as Ares Management Corp (ARES.N) and Apollo Global Management (APO.N). Last week, JPMorgan Chief Financial Officer Jeremy Barnum told investors the bank was "absolutely open for business" in leveraged lending even as other U.S. banks are expected to book significant losses on risky loans underwritten last year. JPMorgan Asset Management has in recent years separately expanded its private credit platform unit, which targets opportunities in the direct lending segment, with plans to expand into other private credit strategies in the future. Reporting by Manya Saini in Bengaluru and Saeed Azhar in New York; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.
☆ Blackstone CEO says financially distressed investors driving REIT redemptions
  + stars: | 2022-12-07 | by ( Chibuike Oguh | ) www.reuters.com   time to read: +3 min
Blackstone relies on the REIT for about 17% of its earnings. Large redemptions have been seen at other such funds, with investment firm Starwood Capital informing investors last week that its $14.6 billion non-traded REIT also had raised the gates. There has also been a wave of redemptions at other non-traded Blackstone funds marketed to high net-worth investors. He added the redemptions did not mean the investors were not happy with the REIT and its profits. Blackstone has reported a 9.3% year-to-date return for its REIT, net of fees, a contrast to the publicly traded Dow Jones U.S.
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