The YouTuber recommends Ares Management, highlighting its strong historical performance with a 26% annualized return over 10 years and significant growth in assets under management. They view it as the 'owner of the casino' in the private credit space, benefiting from recurring fees and a business model that doesn't directly assume the high risks of the underlying loans. The company has high growth projections for earnings per share and assets under management, and its valuation has recently become more attractive due to market fears.
“De hecho, si vemos el juego que ofrecen, que es Ares Capital, que es el vehículo cotizado también de Ares BDC, donde ellos simplemente cobran esas comisiones que cotiza bajo el ticker ARCC, qué curiosidad que desde 2016 solo ha dado en bolsa un 2,4% de rendimiento.” — ▶ 20:00