Ares Management makes $150M play for David Beckham’s Miami soccer venture

David Beckham’s Major League Soccer venture in Miami now counts a real estate heavy hitter among its backers. Los Angeles-based Ares Management, through funds managed by its Credit Group, made a $150 million preferred equity investment in Inter Miami CF, according to an Ares news release. Ares, led by co-founder and CEO Michael Arougheti, is a global alternative investment manager with roughly $262 billion of assets under management, including its purchase of Black Creek Group … Continue reading Ares Management makes $150M play for David Beckham’s Miami soccer venture[more]