BootstrapLabs Acquired by Ares Management
On February 1st, 2024 Ares Management Corporation (“Ares”, NYSE: ARES), a leading global alternative investment manager with over $428 billion in assets under management[1], closed on its acquisition of BootstrapLabs to accelerate and enhance Ares’s AI strategy. In addition to managing a leading AI-first venture capital strategy, the BootstrapLabs team has formed the foundation of the Ares AI & Innovation Group which will seek to build proprietary AI solutions and partner with industry-leading vendors to help drive efficiencies for Ares’ portfolio companies, assets and certain investment processes and business operations.