Ares Management Corp. is exploring a potential deal to acquire GLP Capital Partners, the real estate investment firm, reported Manuel Baigorri, Gillian Tan, Cathy Chan and Dong Cao for Bloomberg.
The acquisition would add roughly $66 billion of assets under management to Ares Management’s portfolio and would represent one of the biggest combinations in the alternative asset management industry in recent years.
Ares has stated it is seeking to raise its assets under management by more than 75 percent by 2028, to more than $750 billion. One way it is achieving this is through acquisitions, including of the Asian private equity firm Crescent Point Capital and the AI-focused venture capital firm, BootstrapLabs.
No potential deal structure has been finalized, and the deliberations may n
