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.

Discuss the significance of being a first mover in the current market environment.

What factors contribute to the slower growth in private equity as mentioned in the text?