Early Life
Information about Michael Arougheti's early life is limited in the search results.
Rise to Success
Michael Arougheti's career in finance began before 2001. He joined Ares Management in 2004 and has been instrumental in growing the company's private credit business. He took over as CEO from Antony Ressler in 2018. Arougheti is a Co-Founder and the current CEO of Ares Management Corporation. He has held several key positions, including Managing Partner of the Principal Finance Group of RBC Capital Partners.
Key Business Strategies
Ares's primary business is direct lending, which provides loans to private middle-market companies in the U.S. and Europe. The firm also invests in private equity, real estate, and infrastructure. Arougheti is known for his leadership in the alternative investment sector, and Ares Management has grown to manage over $419 billion in assets.
Philanthropy
Michael Arougheti serves on the Board of Directors of Operation HOPE, a non-profit organization, and on the Board of Trustees of New York-Presbyterian Hospital.