Ares’ big play in private equity
Financial Times
— · 12min
A crucial gauge of risk in holding the debt of companies at the centre of the AI boom has hit a record high, private capital group Ares Management has held talks to acquire Leonard Green & Partners, and French company TotalEnergies will be able to continue selling gas from its flagship Siberian project to Asia.
Plus, institutional investors are snapping up bundles of UK homes at large discounts and sales at LVMH’s key fashion and handbags division returned to growth for the first time in two years.
Mentioned in this podcast:
https://www.ft.com/content/ac136522-ecc7-4262-8702-e0d636ea3099?accessToken=zwAAAaA_nL0bkdOsE2Ui7MdCYtOHAuDWNuowmQE.MEUCIQD0ErmqcsMurWVO8wJ4vQiwh4UPhwa2eTVoqzMAa2RwTwIgbNQwZJTk_iIzNrUK3-w1vutvfFQocMeQnpgzYGNO5Ck&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Big Tech credit risks hit record highs as AI spending soars
https://www.ft.com/content/9f446812-5dc9-4d25-9a4b-ac5162e62d81?accessToken=zwAAAaA_KmCTkdOfRGgSXclNJdOaS6xRYuYtgQE.MEUCID9pA0Eada_Ax0yY4deQnjoG0JUv6eAHBlq6O9uwz-OGAiEAk797CP_JtIfFUjAViZuzpJ0g8YmY7mK0CTUB-S1KatQ&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Ares Management has held talks to buy Leonard Green Partners
https://www.ft.com/content/2a637f34-38d2-43d6-aff6-f42d1dccb3d7?accessToken=zwAAAaA_Kq3Pkc8qY380ONJD1tOv9vQtHcyz1wE.MEUCIDvDHl8vKXyc9RpltHUQn5nFtlq38mMyy1aBGijXltf0AiEA_ZrlNKDTtnhE8CQ-x-z2n5z7Q7sgMipb5OT4tEQl5_4&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Investors snap up bundles of UK properties as housebuilders offer discounts
https://www.ft.com/content/0ee947e4-0b2a-48e4-93de-2c7985662f14?accessToken=zwAAAaA_ZVqPkc8O6UfkCypI5NOT3ix5hWYvFAE.MEQCIHyH9cfNwh2tpVRdotOyaIvTEo-vB-KfUUfO-Q1KPUzHAiAZpc0CTjDbLufaNsS9Inv6m5L3J0a1N11JpQjJhGYvVg&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">TotalEnergies benefits from EU sanctions reprieve on Russian gas
https://www.ft.com/content/7b1c40ef-4a21-47f3-a9dc-5d1444ec726a?accessToken=zwAAAaA_KwXJkc97HEDvSiFH89Op3F0UROxyagE.MEYCIQDON9yf53Vn32-FEFey5ZJ3YQHRpoR8IGTPQIn1honThwIhAM1JmlejX2jTny6kaxI8oPJX4SgnsOXxAgs_aEa4a-Mk&segmentId=7d4bcc2e-e664-92ba-62e3-5590579f1902" rel="noopener noreferrer" target="_blank">Dior rebound helps LVMH’s fashion business return to growth
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