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Fortunately weve got enough stimulus that weve now kind of stabilized and bridged. Direct Lending and Pathfinder Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Sports, Media and Entertainment Investment Committee. Marko Gojanovic of One Sothebys International Realty represented the Frankels in the latest sale, and Reid Heidenry with the same firm represented Arougheti. Last month, Reed Smith attorney Constantine Karides paid $17.3 million for a waterfront home on Sunset Island I. Join now Sign in . Frankel is also a real estate investor and owner of wineries and restaurants. Michael Arougheti Ares Management - CNBC Tue, Mar . If you turn your attention to Europe, in certain parts of Asia, the story might be different. Michael Arougheti on LinkedIn: Ares Management Q4 2022 Earnings Results Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. In addition to that, something thats been true my whole career but Ive come to appreciate lately is just how important it is to build high-quality teams. CNBC's Delivering Alpha newsletter sat down with Ares CEO Michael Arougheti who says that "when the markets get challenged, that's when our investment opportunity becomes the most attractive. Michael Arougheti is 47, he's been the President, Chief Executive Officer, Co-Founder, and Director of Ares Management Corp since 2018. How do you preserve that at scale? Mr. Arougheti joined RBC in October 2001 from Indosuez Capital, where he was a Principal and an Investment Committee member, responsible for originating, structuring and executing leveraged transactions across a broad range of products and asset classes. Yes, I did the work, and I did a great deal of the building, but everything has a start. Get this delivered to your inbox, and more info about our products and services. I think that's a reflection of the nature of our business. Last updated: 2 February 2023 at 9:52pm EST. And I will never forget it. Direct Lending and Pathfinder Fund Investment Committees, the Ares Equity Income Opportunity Strategy Portfolio Review Committee and the Ares Operations Management Group. And one small company is building them for the Pentagon! 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. Whats unique about where we are now is I cant remember a cycle where weve had such a balance in healthy-company opportunity and distressed opportunity. It's somewhat counter cyclical. And that's obviously pretty attractive to an investor who's looking for certainty of yield. Michael is not an obviously emotional person, to the outside world. Theres a conversation I had with a very close friend that still sticks with me. I kind of laugh at that because culture and strategy go hand in hand. The most recent insider tranaction occured on February, 15th when Director Corporate Opportunities F Ares sold 4,770,000 shares worth more than $124,306,200.00. Thats the good news and the bad news. One of the reasons is we're one of the largest private credit managers 90% of our private credit exposures are floating rate.