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And he said Fairfield Equipment was on the verge of a big corporatebuyout.
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Carlyle Group has completed the world's largest corporatebuyout capital-raising at $10 billion to finance mega-sized deals on both sides of the Atlantic.
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Carlyle's corporatebuyout arm performed well in the quarter, increasing its profit by 8 percent to $258 million.
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Risk premiums on leveraged loans, or loans made to finance corporatebuyouts, narrowed.
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Corporatebuyouts in Asia, a market famous for growth investments, are also on the rise.
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If successful, it would be one of the largest corporatebuyouts since before the global financial crisis.
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Unlike rivals Bain and KKR, Blackstone has so far focused on Japanese real estate and not corporatebuyouts.
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Wachovia's investment banking unit, a large packager of mortgage debt and provider of loans to fund corporatebuyouts, has also struggled.
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High purchase price multiples have boosted debt loads and leverage ratios for corporatebuyouts in the first quarter, and that trend could continue.
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With about $66 billion in capital under management, Ares is primarily a debt-focused investment firm which also engages in corporatebuyouts.
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Average total leverage ratios on large corporatebuyouts were 6.11 times when the guidance went into effect in 2013.
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Los Angeles-based Ares, with about $66 billion in capital under management, is primarily a debt-focused investment firm which also engages in corporatebuyouts.
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With $9 billion in private equity assets as of the end of September, Ares has also been assuming a more prominent profile in corporatebuyouts.
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Total leverage for large U.S. corporatebuyouts in 2015 was 5.96 times compared to 6.18 times in 2013, according to the data.
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- Senate Democrats want to curb corporatebuyout deals known as "inversions," in which U.S. companies move their tax domiciles overseas to get lower rates.