Remove Bidding Remove Leveraged Buyouts Remove Pension Funds
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Ares Faces Its Biggest Decision Yet: Stick With Private Credit or Become an Alts Supermarket

Private Equity Insights

Question is: Can it become a one-stop shop for pension funds, endowments, insurers, and sovereign wealth funds eager for exposure to every major alternative-asset class — without diminishing its private credit franchise? In 2022, Ares’ direct lending tied to such buyouts totaled $26.4 Whenever he approaches a U.S.

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Transcript: Steven Klinsky

The Big Picture

And what was interesting was the first leveraged buyout of a public company happened when I was in graduate school. KLINSKY: In 1979, it was the first leveraged buyout of a public company. We had sold the family business, maybe buy another family business one day through a leveraged buyout. KLINSKY: Yeah.

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Transcript: Victor Khosla, Strategic Value Partners

The Big Picture

But because these are really good businesses, which got levered, they got leveraged through these leverage buyouts. Whatever you can get for it, hit the bid. Early nineties was the start of the modern high yield leverage buyout business done at scale. There’s leverage. And still growing.

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