Ares Management Is Said To Mull An IPO

Ares Management LLC, an investment firm with some $59 billion in credit and private equity assets, is speaking to investment banks about an initial public offering in the United States, a person with knowledge of the matter told sister news service Reuters. If Ares proceeds with an IPO, it would be the latest in a string of U.S. stock market listings by alternative asset managers following public offerings last year from The Carlyle Group LP and Oaktree Capital Group LLC.

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