Ares CEO Says Industry Consolidation to ‘Absolutely Continue’

Ares Management Corp. Chief Executive Officer Michael Arougheti said he isn’t ruling out more acquisitions for the firm as the race to grow private credit shows little sign of slowing.

“Acquisitions are always going to be part of our growth,” Arougheti said Thursday on Bloomberg TV. “Consolidation in our industry will absolutely continue.”

Still, he said the firm has become more selective about its targets. “The bar for acquisitions is getting higher and higher as we fill out our bingo card in terms of capabilities and geographies,” Arougheti added.

Private credit has proliferated in recent years, ...