Ares’ big play in private equity

28 July 2026 · 12m

FT News Briefing

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Show notes

A crucial gauge of risk in holding the debt of companies at the centre of the AI boom has hit a record high, private capital group Ares Management has held talks to acquire Leonard Green & Partners, and French company TotalEnergies will be able to continue selling gas from its flagship Siberian project to Asia. Plus, institutional investors are snapping up bundles of UK homes at large discounts and sales at LVMH’s key fashion and handbags division returned to growth for the first time in two years.

Mentioned in this podcast:

Big Tech credit risks hit record highs as AI spending soars

Ares Management has held talks to buy Leonard Green Partners

Investors snap up bundles of UK properties as housebuilders offer discounts

TotalEnergies benefits from EU sanctions reprieve on Russian gas

Dior rebound helps LVMH’s fashion business return to growth

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The FT News Briefing is produced by Victoria Craig, Sonja Hutson, Saffeya Ahmed, Katya Kumkova, and Fiona Symon. Our editor is Marc Filippino. Our show is mixed by Sam Giovinco and Alex Higgins. Additional help from Gavin Kallmann, Michael Lello, Peter Barber and David da Silva. Our intern is Cole van Miltenburg. Our executive producer is Topher Forhecz. Flo Phillips is the FT’s global head of audio. The show’s theme music is by Metaphor Music.

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