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August 2020
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Ares’s alternatives unit to invest 15 billion baht in Thailand over five years, report says

Ares SSG has invested over 11 billion baht in Thailand since 2016
By Goh Thean Eu  
July 24, 2020

Ares SSG, the alternative investment unit of US-based Ares Management Corporation, plans to invest as much as 15 billion baht (US$347.55 million) in Thailand over the next five years, according to a report in local English language daily Bangkok Post.

The company has already invested over 11 billion baht in credit and private equity in Thailand since 2016, when it acquired Bangkok-based asset Alpha Capital Asset Management, the July 23 report says, quoting Andreas Vourloumis, co-founder of Ares SSG.

He describes the planned 15 billion baht investment as “ambitious”, and a “testament of our confidence in the long-term prospects for Thailand”.

He says the company is eyeing opportunities in a “wide range of industries”, including real estate, hospitality, financial, retail, and industrial.

Ares SSG, which is headquartered in Hong Kong, had $6.1 billion of assets under management as of end-March, and its parent Ares Management Corporation had $149 billion of assets.