Ares Management to acquire Crescent Point Capital.

Ares Management, a global alternative investment manager, agreed to acquire Crescent Point Capital, an Asia-focused private equity firm. Financial terms were not disclosed. “We are proud of the significant Asia Pacific presence that we have established over the years, and we believe that CPC is an excellent platform that will further enhance our footprint and capabilities in the region. We have enjoyed the opportunity to develop a great relationship with the Crescent Point team. They are experienced investors who we believe will bring impactful synergies to our existing Asia team,”Michael Arougheti, Ares CEO and President.