Michael Arougheti, President of Ares Management
The Walker Webcast
00:00
Senior Secured - Is That a Good Place to Be?
You have 350 billion of a U.M. and about 200 billion of that is in your private credit business. And I have heard you talk about the fact that, you know, being in a senior position and getting 10 to 12% returns feels like a really good place for areas to be in. Given what's going on in the markets today, is that 10 to 12 space still a good place to be? Or do you think that you even pull back a little bit further from that senior position? Because it feels like that book of business is really well positioned given what has happened with rates.
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