Ares Management’s co-president, Blair Jacobson, said there is a "real disconnect" between negative headlines about private credit and the firm’s portfolio performance. He made the remarks during a Bloomberg TV interview on June 4 on "The Pulse with Francine Lacqua" [1, 2].
Jacobson highlighted that Ares manages about 3,000 portfolio companies worldwide, which are growing at an annual rate between 8% and 12% [1, 2]. This growth rate contradicts recent negative narratives surrounding private credit markets.
Additionally, non-accrual rates among Ares’ portfolio companies remain lower than historical levels seen by the firm, signaling resilient credit quality despite broader market concerns [2].
Jacobson’s comments underscore the firm’s confidence in its portfolio amid challenging headlines about private credit.
Ares Management’s next public comments on portfolio performance are expected with upcoming quarterly earnings reports.
