Insightful Investor #92 - Kipp deVeer: Steering Ares’ Growth in Alternatives
Oct 14, 2025
Kipp deVeer, Co-President of Ares Management, oversees a massive $572 billion in assets, guiding the firm’s global alternatives platform. He shares insights on Ares’ rapid evolution and the appeal of private markets over public ones. Kipp discusses strategies for maintaining company culture while scaling and the impact of retail interest in private credit. He highlights the importance of adaptability in leadership, emphasizing transparency and communication as keys to success. Expect valuable perspectives on the future of investment in a changing landscape.
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From Banking To Active Investing
- Kipp described moving from J.P. Morgan banking to J.P. Morgan Asset Management because he preferred investing to transactional banking.
- He valued seeing results over time and deeper involvement with companies rather than short projects.
Private Markets Offer Deeper Information
- Kipp prefers private markets because they provide richer information and direct access to management teams.
- He finds public markets challenging due to making decisions with limited information.
Ares' Evolution From Niche To Global
- Kipp recounted Ares' expansion from a small credit-focused shop to a diversified global alternatives firm across credit, real assets, private equity, and secondaries.
- He described opening the New York office in 2004 and subsequent growth into Europe and Asia with about 50 offices today.