Upcoming Sale of New Mountain Assets Serves as a Benchmark for Private Credit Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 24 2025
0mins
Should l Buy ARES?
Source: Barron's
- Potential Asset Sale: New Mountain Finance is considering a $500 million sale of assets, which could significantly impact its operations.
- Market Implications: This move is seen as a critical test for the business-development company and the broader private credit market, valued at $1 trillion and currently facing scrutiny.
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Analyst Views on ARES
Wall Street analysts forecast ARES stock price to rise
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 112.010
Low
155.00
Averages
191.40
High
223.00
Current: 112.010
Low
155.00
Averages
191.40
High
223.00
About ARES
Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. It has operations across North America, South America, Europe, Asia Pacific and the Middle East.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strategic Investment: In addition to the continuation vehicle, Ares has made a substantial new investment in Convergint, ensuring shared control alongside existing partners LGP and Harvest Partners, thereby strengthening strategic support for the company.
- Market Leadership: Convergint operates over 220 technology centers globally, providing security and life safety solutions, and since Ares' investment in 2018, its Adjusted EBITDA has nearly quadrupled, demonstrating robust organic growth and over 40 acquisitions that solidify its market position.
- Future Outlook: As demand rises for providers with global scale, deep vertical expertise, and strong local leadership, Convergint's ability to navigate complex risk environments for customers will be enhanced, and the confidence from Ares and LGP in its growth trajectory will drive long-term value creation.
See More
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- Strategic Investment: In addition to the continuation vehicle, Ares has made a substantial new investment in Convergint, aiming to maintain shared control with existing partners to support the company's ongoing growth and success.
- Performance Growth: Since Ares' investment in early 2018, Convergint has approximately quadrupled its Adjusted EBITDA, demonstrating robust organic growth and executing over 40 acquisitions, reflecting its strong competitive position in the technology-driven security solutions market.
- Market Outlook: As demand rises for providers with global scale, deep vertical expertise, and strong local leadership, Convergint's ability to navigate complex risk environments for customers will further enhance its long-term value creation strategy.
See More
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- Future Plans: Ackman is preparing for a potential public offering of his management company and a new closed-end equity fund.
See More
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- Market Reaction: Dow futures are down about 500 points and Brent crude oil prices have surged over 8% following the U.S.-Israeli attack on Iran, indicating limited market tolerance for a short war, while a prolonged conflict could lead to soaring oil prices and broader economic impacts.
- Iran Situation: The assassination of Iran's Supreme Leader Ayatollah Khamenei has led to a negative market response, with concerns that the Islamic Revolutionary Guard will remain in power, suggesting that international conflict may not ease, thereby increasing market uncertainty.
- Energy Stock Dynamics: Citigroup raised price targets for several energy companies, including Chevron and Exxon, reflecting market fears of supply disruptions as tankers are rerouted to avoid the Strait of Hormuz, which could lead to sustained supply issues.
- Tech Stock Outlook: Nvidia plans to unveil a new inference processor aimed at enhancing AI system efficiency, and despite concerns over AI disruption, analysts remain bullish on its semiconductor performance, with Morgan Stanley again naming it a top pick, replacing Micron.
See More
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- Oil Price Surge Impact: The closure of the Strait of Hormuz due to U.S. and Israeli attacks on Iran has led to skyrocketing oil prices, which are expected to exacerbate inflation and hinder the Federal Reserve's ability to cut interest rates, posing significant obstacles to economic recovery.
- Private Equity Crisis: Private equity and private credit firms are facing a trust crisis as they are perceived as high-risk debt bearers, leading to a sharp decline in market confidence regarding their future, which could result in a wave of bankruptcies and further heighten recession risks.
- Nvidia Under Customer Pressure: Despite Nvidia reporting strong quarterly results last week, concerns over future demand have intensified as competitors Amazon and Alphabet launched cheaper chips, causing its stock price to drop from $196 to $176, reflecting investor panic in the tech sector.
- Layoff Wave Triggers Market Turmoil: Block's announcement of a 40% workforce reduction has sparked concerns about the future of the tech industry; while this move may boost stock prices in the short term, it risks losing top talent and undermining operational stability and market confidence in the long run.
See More
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- PPI Impact: The latest producer price index data came in significantly hotter than expected, leading to declines in major stock indexes on Friday, exacerbating investor concerns about the economic outlook amid sweeping layoffs in the tech sector.
- Private Equity Pressure: Apollo Global Management's relative strength index (RSI) dropped to 24, with shares shedding over 11% during the week, despite most analysts maintaining a buy rating, indicating market worries about the sector's challenges and potential rebound opportunities.
- Overbought and Oversold Stocks: During earnings season, both overbought and oversold stocks emerged, with overbought stocks like Dell Technologies reaching an RSI of 70.1 and gaining 20% over the past five days, reflecting strong performance driven by surging server demand.
- Market Rebound Expectations: As some stocks enter oversold territory, technical indicators suggest potential for a market rebound, particularly as private equity firms face multiple challenges, prompting investors to seek undervalued investment opportunities.
See More
