Welcome to Goldman Sachs exchanges, great investors.

I'm Allison Mass, Chairman of Investment Banking within Goldman Sachs's global banking and markets Markets Business and your host for

today's episode. Today I'm thrilled to be sitting down with Mike Aragetti, the

co-founder and CEO of Ares Management. Ares is one of the world's largest and most respected alternative asset managers

with more than 400 billion dollars in assets under management and a market cap of

over 40 billion dollars. Arias is a top player in real estate, private equity,

secondaries, and many other businesses.

But what really makes them stand out

is their prowess in private credit.

Aries is one of the biggest direct lenders in the world.

And that's no accident.

Today I'm so excited to find out how Mike built up that business

and where he thinks this red-hot asset class is going next.

So Mike, welcome to the program.

I'm so happy to be here.

Thank you.

So let's start right at the beginning.

You graduated from Yale where you majored in ethics, politics, and economics, then went on to a

storied investment bank called Kidder Pibody, which I'm probably one of the few people left

on Wall Street, who knows what that is? So what attracted you to a career in finance and do you have any memories from that first job?

Yeah, it's so funny because now I have a college-age son and watching him go through his own process you realize just how little

you really know when you get out of college.

...