1817 ET - Ares Management expects that some of the policies of the new Trump administration will foster dealmaking, giving a further boost to what the private-credit fund manager sees as an already favorable market for investments, Ares CEO Michael Arougheti says during an earnings call. "We expect transaction activity to expand year-over-year," he says. "The new administration could provide some tailwinds for deployment, especially if an improved regulatory and antitrust environment enables more business growth and [mergers and acquisitions] activity in the market." Ares ended December with $133 billion in dry powder, or capital available to spend, a record for the firm. (luis.garcia@wsj.com; @lhvgarcia)
(END) Dow Jones Newswires
February 05, 2025 18:17 ET (23:17 GMT)
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