Ares sticks to $125 billion wealth fundraising target by 2028

5 articles · Updated · Bloomberg · May 1

Chief executive Mike Arougheti reaffirmed the goal after first-quarter results, keeping the higher target set in September, when Ares added $25 billion to its wealth fundraising ambition.
The stance comes as the broader private credit market faces redemption pressure from individual investors, testing demand for alternative asset managers' products aimed at wealthy clients.
Ares' confidence signals it expects continued growth in wealth-channel fundraising despite market jitters, underscoring the sector's push to tap individual investors beyond traditional institutional clients.

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