Michael Arougheti, CEO of Ares Management, seems to have achieved his goals. Two weeks after the abrupt halt to discussions on all of AMP, a struggling Australian financial group, Ares announced on February 26 an agreement to acquire the sole activities of unlisted infrastructure management and real estate of its target. The Californian manager, specialist in alternative investments, will spend 1.35 billion Australian dollars (863 million euros) for a 60% stake in these two promising businesses of AMP Capital, the management subsidiary of AMP. Ares will take control of a portfolio of 60 billion Australian dollars including in particular the airport of Luton in London and that of Melbourne. It should thus place itself among the very first managers of infrastructures in the world, against the Australians Macquarie and First Sentier Investors (now owned by the Japanese bank Mitsubishi UFJ).