Ares Posts Record Fundraising While Blackstone Inflows Slow
Ares Management raised 30 billion dollars while Blackstone saw 3.2 billion in redemptions. AIG pared back activity as Lazard acquired firm Campbell Lutyens.
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ARES MANAGEMENT CORP - A raised a record $30B in the first quarter, signaling continued institutional appetite for private credit assets. The firm's credit arm, ARES CAPITAL CORP, reported limited valuation stress despite broader concerns over software sector loans. Investors are differentiating between managers as liquidity pressures and artificial intelligence disruption reshape the $1.7T private debt market.
