Ares Sticking to New Wealth Targets Despite Credit Jitters

Ares Management Corp. remains confident it can raise $125 billion from wealth clients by 2028, according to Bloomberg, even as the broader private credit market grapples with redemptions from individual investors. The alternative asset manager is maintaining the goal it set in September to lift its wealth fundraising target by $25 billion, Chief Executive Officer Mike Arougheti told analysts on Friday after the firm reported first-quarter results.

The reaffirmation comes at a time of stress across private credit, a segment that has seen growing withdrawal requests from wealth-channel investors in semi-liquid vehicles. Bloomberg's report frames the commitment as a test of whether the firm's wealth distribution strategy can withstand that pressure. The source article does not provide a breakdown of current wealth fundraising to date, redemption figures, or the specific vehicles involved.

For institutional allocators and alternative-investment professionals, the statement signals that Ares expects continued demand from high-net-worth and individual channels despite near-term credit jitters. Investors tracking the firm's fundraising trajectory will likely look to subsequent disclosures for progress against the 2028 target.