Ares Management CEO Arougheti on Private Markets and Concerns for 2019

The video discusses the strong U.S. economy and the growth of private markets, which are now outpacing public markets. Post-financial crisis, investors have shifted towards illiquid assets, valuing yield and taking on illiquidity risk. The private credit market has evolved significantly, with increased competition but still offering attractive returns. Interest rates and market volatility are key concerns, with rising rates potentially benefiting floating rate assets but also posing risks if they rise too quickly.

What are the implications of rising interest rates for credit assets?

What concerns does the speaker express regarding geopolitical uncertainty?