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Ares, Kayne Anderson to Be $113 Billion Mega Firm in Merger

Ares, Kayne Anderson to Be $113 Billion Mega Firm in Merger

Ares Management LP and Kayne Anderson Capital Advisors LP are merging to create Ares Kayne Management LP, an alternative investment group whose $113 billion in assets will rank it among the world's biggest private equity firms. Ares Management's real estate group provides debt and equity financing for commercial properties.

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