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When you get into a period like we went through in March and April of last year, its very hard for a lot of leaders to say that they dont know. He previously occupied the position of Principal at Royal Bank of Canada and Managing Partner-Principal Finance Group at RBC Capital Partners Ltd. (a subsidiary of Royal Bank of Canada), Principal at Onyx Partners, Inc., Executive Vice President at Columbia Savings & Loan Association (Milwaukee, Wisconsin), Member-Mergers & Acquisitions Group at Kidder, Peabody & Co., Inc., Principal at Taylor & Co. Law Offices LLP, Co-Chairman for ACRE Capital LLC, Director at Evercom, Inc., Director at Imperial Capital LLC and Principal at Indosuez Capital. Michael J. Arougheti is also Partner at Direct Lending Group, Inc. and Member of Program for Appropriate Technology in Health and on the board of 7 other companies. Learn More on Michael J. Arougheti's trading history. Information on this page was last updated on 2/15/2023. Explore historical records and family tree profiles about Michael Arougheti on MyHeritage, the world's family history network. We have pools of capital that are designed to provide liquidity where other means of liquidity are not working. I think many managers got accustomed to very quick fundraisers and I think they got accustomed to fundraisers happening prior to return of money. While Ares is mostly credit focused, they have built a brand that seems more venerable than many credit shops before them. The estimated Net Worth of Michael J Arougheti is at least $235 Million dollars as of 11 November 2022. Michael Arougheti Expand search. Mr. Arougheti also serves on the boards of directors of Operation HOPE, a not-for profit organization focused on expanding economic opportunity in underserved communities through economic education and empowerment. Got a confidential news tip? 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The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. Prior to joining Indosuez in 1994, Mr. Arougheti worked at Kidder, Peabody & Co., where he was a member of the firm's Mergers and Acquisitions Group. Prior to joining Ares in 2004, Mr. Arougheti was employed by Royal Bank of Canada ("RBC") from 2001 to 2004, where he was a Managing Partner of the Principal Finance Group of RBC Capital Partners and a member of the firm's Mezzanine Investment Committee. Leslie Picker:How long do you think these tailwinds for your business will last? Thats true for the consumer as well you have a sizable segment of the population that is doing OK, and you have a segment of the population that, unfortunately, is being devastated. He is a member of the Ares Executive Management Committee and the firms Management Committee. With hundreds of billions of dollars worth of floating rate credit and real assets, the firm's $200B book has surprisingly held up well. And we're now seeing the retail investor really take hold as well. There are no ways to adequately describe a man with conviction. A dream planted, but not much more. And our family has been enriched, spiritually and emotionally, from that bond, the most. Thats why I think that the opportunity to lead in this type of a crisis, as difficult as it is, is really a unique opportunity for anybody. I think Ive always intuitively known that, but Ive gotten more opportunities to test it. Thats whether youre talking about the corporate economy or the consumer economy. Private investment firms driven by credit, focusing more on the balance sheet than the story, tend to operate in a less docile manner - less often on boards, less often delivering the CEO, less often sensitive to the sustainability of the legacy or even equity value. What does that mean for margins and kind of the stickiness of these high prices? We want to hear from you. So if there is a silver lining to all the challenges globally, right now, we're going into this period of volatility with real strong underpinnings. And then they did it again, one day at one of our HOPE Global Forum, watching a pitch competition of young Black and Brown business owners in the making. That is going to be an interesting management challenge in and of itself going from crisis management back to ordinary course without losing the progress that weve made operationally and culturally. Data is a real-time snapshot *Data is delayed at least 15 minutes. Ares Management's investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles. Below are excerpts from our recent conversation. omg. So there are a lot of structural competitive advantages that we have as an alt manager, one of the largest is just the structure of our funds. People cant leave their home challenges at home, go to work, and then go back to them its all a bit more fluid than that right now. Typically when you go through a crisis of this magnitude, its a little slower to recover in terms of the new-deal market, and it tends to be much more distressed. He is so busy doing, executing on his beliefs, that he makes little to no noise of or about himself, as he cuts through the challenges before him. in Ethics, Politics and Economics, cum laude, from Yale University. Because of what you did to help elevate me and my dreams, with Operation HOPE, and then later with the Promise Homes Company, you too get celebrated as a part of Black History Month. And that's pretty attractive to most investors right now. Love and authenticity tends to have that effect on people. Credit is crowded PE firms including the Blackstone Group (NYSE: BX), KKR, the Carlyle Group (Nasdaq: CG) and Apollo (NYSE: APO) have all grown their credit business substantially . hopefully Ares can be big but also keep it real. My experience would tell you that that's usually a six to 12 month process, that has to take into account a shared view of what the economy is going to look like, and take into account what the new financing markets look like. Prior to joining Indosuez in 1994, Mr. Arougheti worked at Kidder, Peabody & Co., where he was a member of the firm's Mergers and Acquisitions Group. Aroughetis Vandelay Homes II LLC financed the purchase with a $21.1 million loan from J.P. Morgan, according to records. We had just dissected his three years as CEO of Ares Management, the publicly traded investment firm managing almost $200 billion in assets. And the decisions they make have huge consequences, not just for the bottom line, but for communities, cities, even entire countries. Its accelerated, the participation is broader, and added to that is a heightened sense of urgency. A sponsor. It was designed by Domo Architecture + Design and includes a guest house, cabana and pool. Trusted information source for millions of people worldwide . As I was preparing to take the job, this friend reminded me of the Maya Angelou quote, People will forget what you said, people will forget what you did, but people will never forget how you made them feel. I think that is so poignant as a leader. The investment management firm has about $325 billion of assets under management, according to its website. The firm now oversees $197 billion. They purchased a total of 8,706,492 shares worth more than $85,604,376.84. He is a member of the Ares Executive Management Committee, the Ares Enterprise Risk Committee and is on the Board of Directors of the Ares Charitable Foundation. And the simple answer for that is buyers and sellers need to take time to re agree on what the appropriate price for a company or an asset are. Michael Arougheti:I think we have to talk about secular tailwinds in alternatives, and then maybe some of the cyclical tailwinds that we're seeing as well. Get this delivered to your inbox, and more info about our products and services. I was doing the same, so we struck up a conversation. Together, we built The Promise Homes Company into the largest Black controlled owner of singles family residential rental homes in the country, with $150 million in assets. They are most only concerned with the outcome, not the credit. Michael Arougheti is co-founder, chief executive officer and president, as well as a director of Ares Management Corp. All Rights Reserved. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. Frankel is also a real estate investor and owner of wineries and restaurants. Some people struggled figuring out how to be in that environment. Prior to joining Indosuez in 1994, Mr. Arougheti worked at Kidder, Peabody & Co., where he was a member of the firm's Mergers and Acquisitions Group. Dismiss. The estimated net worth of Michael J Arougheti is at least $177 Million dollars as of 2023-02-12. He serves on the Ares Exe Read More Contact Michael Arougheti's Phone Number and Email Last Update 11/21/2022 1:55 PM Email |, They did it, because thats simply who they are, Operation HOPE, U.S. Small Business Administration and U.S. Treasury Host Roundtable to Celebrate Freedmans Bank. When expanded it provides a list of search options that will switch the search inputs to match the current selection. That will help accelerate us on the other side of this. What we found was that we had an employee base that was already incredibly passionate about progress along those initiatives, and over the course of the past year it has grown exponentially. Its been such an interesting year because in so many ways, it was probably one of the most challenging of my career. Insiders at Ares Management own 47.4% of the company. And the thing is, they did it so casually. So if you look at our $340 billion of assets, over $90 billion of it is unvested. And we've been pretty vocal that again, if all we do is sit on our existing exposures, we can see core earnings growing, you know, in the double digit range just because of the rise in base rates. Musk Made a Mess at Twitter. Thank you Michael Arougheti. In each edition, we feature a leader or rising star whos changing the game in his or her own way. Dismiss. But today, I wanted to give just that credit. Whenever I called on Michael, he was there. Michael is not an obviously emotional person, to the outside world. A non-waterfront home on Sunset Island II recently traded for $12.5 million, setting a record for dry sales in all of Miami Beach. Mr. Arougheti is a Co-Founder of Ares and the Chief Executive Officer and President, as well as a Director of Ares Management Corporation. Arougheti: Well, this is like something we haven't seen before. In addition, he makes $12,665,700 as President, Chief Executive Officer, Co-Founder, and Director at Ares Management Corp. Michael has made over 55 trades of the Ares Management Corp stock since 2008, according to the Form 4 filled with the SEC. Picker: And you are not, is this typical for you? And I think that's true for the publicly traded markets as well. Direct Lending and Pathfinder Fund Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. So, the places where you would be seeing the most distress, we just dont have that much of it. The largest trade he's ever made was exercising 666,667 units of Ares Management Corp stock on 4 December 2020 worth over $54,453,361. Mr. Arougheti received a B.A. A lot of people look to their leadership to say, heres where were going and I know that for the following reasons. So, what feels different now versus where we were pre-pandemic is theres a sense not just of urgency, but accountability up and down the chain. And then the friendship came. And thanks to that early vote of confidence, and the early stage founding capital from Michael Arougheti and Tony Ressler in early 2017, last late last year, in December, 2021, the company itself standing on its own now secured its own $200 million credit facility: Now reportedly the largest capital raise for a Black owned company in a decade, according to Black Enterprise.