Ares CEO Arougheti Says PE Is 'Not a Growth Business'

The transcript discusses the role of consolidation in business, the impact of public markets on competitive dynamics, and the importance of first mover advantage. It highlights the growth potential in real estate and private equity sectors, emphasizing the need for strategic market entry. The discussion also covers the challenges and opportunities in private equity, noting the differences in market opportunities compared to other sectors.

What is one of the key advantages of being a first mover in the market according to the discussion?

• Being able to set higher prices

• Having exclusive access to resources

• Avoiding competition entirely

• Gaining a critical advantage as investors move quickly

Which area is Aries considered subscale compared to its competitors?

• Public markets

• Technology investments

• Direct lending

• Private equity

Which sector does Aries see as having significant growth potential both organically and inorganically?

• Consumer goods

• Real estate

• Technology

• Healthcare

What is the primary reason for the slower growth in Aries' private equity business?

• Lack of investor interest

• Smaller addressable market compared to other sectors

• High competition from new entrants

• Regulatory challenges

What is the approximate asset size of Aries' private equity business?

• $10 billion

• $20 billion

• $30 billion

• $40 billion