Ares Management related stories
All articles and analysis
PSEG Power acquires 755MW Maryland power plantThe US power producer will acquire the Keys Energy Centre project from developer Genesis Power and investment firm Ares Management.
- EIF, I Squared team up on clean energy project
The energy-focused PE firm and I Squared have formed an equity partnership for the construction of the Oregon Clean Energy Centre in Ohio.
- Ares to acquire Energy Investors Funds
The Los Angeles-based asset manager will add $4bn to its portfolio with the acquisition of the energy-focused private equity firm.
- $100m Kentucky mandate for IFM
The Kentucky Teachers’ Retirement System is the latest US pension to park its capital with Industry Funds Management.
- New Jersey negotiates fee cuts
The $71bn pension system says cuts in fees it pays to investment managers will save it at least $40m over the next five years.
- CalPERS wins fee break from CIM Group
The $218bn pension won a $50m fee cut from the real estate fund manager. CIM manages $200m of infrastructure commitments on behalf of CalPERS.
- California firms agree placement ban
In relation to the pay-to-play scandal, Ares and Freeman Spogli have signed on to New York Attorney General Andrew Cuomo’s code of conduct that prohibits the use of placement agents.
- Wetherly settles with Cuomo, exits placement business
The Los Angeles-based firm will pay $1m to the New York Common pension fund and has agreed to exit the placement business.
- California firms ban placement agents
Ares Management and Freeman Spogli & Co. have signed on to New York Attorney General Andrew Cuomo’s code of conduct which prohibits the use of placement agents, in relation to fees they paid to Wetherly Capital which were used to illegally secure investments from a New York pension fund.
- PERE BREAKFAST CLUB: Focused amid the fog
There has been little clarity to the US real estate markets in the past year, however things have started to change. At the recent Urban Land Institute conference in San Francisco, PERE assembled a cross-section of industry professionals to gauge their thoughts on the state of the market and the future for private equity real estate. PERE magazine December 2009-January 2010 issue.