Ares Management related stories
All articles and analysis
TPG builds real estate teamAvi Banyasz, a 13-year veteran of real estate investment firm Westbrook, will help the private equity giant push further into the real estate asset class.
- CalPERS wins fee break from CIM Group
The $218 billion pension giant won a fee break from CIM Group, a real estate manager with ties to Alfred Villalobos.
- CalPERS posts 31% private equity gain
The $203bn pension has had its private equity portfolio rise, but experienced a 37.1% decline in real estate for the year ended 30 June.
- It’s back, but it’s different
Ask a dozen US and European LBO pros if credit markets are back and you'll get disparate answers. But all agree conditions have vastly improved from 2009 lows, writes Amanda Janis.
- California cost-cutter
CalPERS advances efforts to reduce fees, remove middlemen.
- Ares agrees to cut $10m in fees for CalPERS
As part of the $200bn pension’s fee review, Ares Management as well as an activist investment fund have agreed to cut fees and not use placement agents when soliciting commitments from CalPERS.
- Denominator effect may be ‘overstated’
As LPs struggle to deal with their own liquidity issues, real estate secondaries specialist Landmark Partners says many limited partners may be missing the ‘ultimate’ investment opportunity.
- Fear of an ILPA planet
David Snow explores why some GPs are so freaked out over a set of guidelines.
- Wetherly settles with Cuomo, exits placement business
The Los Angeles-based firm will pay $1m to the New York Common pension fund and has agreed to exit the placement business.
- California firms agree placement ban
In relation to the pay-to-play scandal, Ares and Freeman Spogli have signed on to New York Attorney General Andrew Cuomo’s code of conduct that prohibits the use of placement agents.