Really apreciate the quarterly recap! The stat about ABL fundraising is fascinating - Ares's comment about 'everybody and their cat' raising ABL funds is both humorous and insightful. It speaks to the crowding risk in what was once a niche strategy. Their 'In the Gaps' research continues to provide valuable market perspective on these dynamics. The decline in $10B+ funds is also notable - suggests even the mega-managers are being more disciplined about fund sizes in the current environment.
Really apreciate the quarterly recap! The stat about ABL fundraising is fascinating - Ares's comment about 'everybody and their cat' raising ABL funds is both humorous and insightful. It speaks to the crowding risk in what was once a niche strategy. Their 'In the Gaps' research continues to provide valuable market perspective on these dynamics. The decline in $10B+ funds is also notable - suggests even the mega-managers are being more disciplined about fund sizes in the current environment.
I gotta check all your quarterly recaps going back. This is awesome!
Thank you, appreciate it.