The Latest Breaking News from ARES

(Editor’s note: The future prices of benchmark tracking ETFs and the headline were updated in the story.)

The private equity trend of continuation vehicles (CVs)—a strategy soaring in popularity—is in the spotlight due to a high-profile failure involving United Site Services (USS), a portable toilet rental company.

Editor’s Note: The USD EPS figure has been corrected.

A mixed late October weekend.

Hopefully this doesn't result in me being de-rezzed if I'm wrong.

On Monday, Ares Management Corporation (NYSE:ARES) disclosed that a fund under its Ares Infrastructure Opportunities strategy acquired a 49% stake in a portfolio of assets owned by EDP Renováveis, S.A. (EDPR) for approximately $2.9 billion.

The story of Ares Management Corporation (NYSE:ARES) begins in the rubble of one of Wall Street’s most spectacular collapses. When Drexel Burnham Lambert imploded in 1990 amid the Michael Milken junk bond scandal, it scattered thousands of employees across the financial industry. Among them was Tony Ressler, who served as…

Ares Management has become one of the top alternative asset managers in the red-hot field, with aims to grow to $750 billion.

Ares Management was a first mover in the red-hot private credit space.