Ares Management CEO Foresees Private Credit Market Soaring to $3 Trillion

The private credit market is expected to grow significantly in the next five years, reaching $3 trillion, according to Mike Arougheti, CEO of Ares Management.

In a speech at the Global Credit Forum, Arougheti highlighted the potential for expansion, particularly with the contribution of banks’ balance sheets.

He emphasized that by financing existing equity, the market could reach the $1.5 trillion mark.