Ares Management Benefits from Private Equity Secondary Surge

about 1 month ago

Tim Stanovvic

"that's one company that has been on a tough ride obviously connected with uh the mini crisis we've been seeing in private credit but this is coming off earnings in private equity the company post 167% jump in earnings from secondary business the ticker is a rees the company was up about 5% today it posted a surge in earnings tied to its secondaries business as institutional investors are continuing to sell. We've been covering how endowments and institutional investors have been moving to sell some of their private equity shares and clearly RS management has been benefiting from that."

Ares Management (ticker REES) experienced a 167% jump in secondary business earnings and a 5% stock gain. The commentary highlights that, despite challenges in private credit, the firm is benefiting from increased institutional selling in private equity.

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