Ares Acquires Crescent Point Capital


August 2, 2023

On July 20, 2023, Ares Management Corporation announced the acquisition of Crescent Point Capital.

Under the terms of the transaction, Ares Asset Management (“Ares”) will acquire Crescent Point Capital (“Crescent”) in a deal expected to close in the third quarter of 2023, subject to customary closing conditions. Financial terms were not disclosed.

Ares (NYSE: ARES), based in Los Angeles, is a global alternative investment manager focusing on credit, private equity, and real estate services. As of March, 2023, Ares had $360 billion in assets under management.   

Crescent, based in Singapore, is a private equity manager focused on investments in consumer companies across Southeast Asia. Crescent manages approximately $3.8 billion in client assets.

To read the press release: please click here.

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