It isn't as if two mysterious unknowns are coming out of the darkness to conjoin here. Will this be a good thing, another giant private equity firm (@$113B, will be bigger than KKR)? I dunno, to be sure an interesting mix.
http://www.bloomberg.com/news/articles/2015-07-23/ares-kayne-anderson-to-merge-creating-113-billion-manager"Ares, founded in 1997 by former Drexel Burnham Lambert bankers Ressler and John Kissick, specializes in tradable credit, direct lending, private equity and real estate. In January, it completed an acquisition of Energy Investors Funds, adding $4.6 billion in assets and 40 dealmakers to invest in energy infrastructure. The merger with Kayne Anderson will further bolster Ares’s energy-related efforts and accelerate its growth after going public last year. Kayne Anderson, which manages $26 billion, has focused on oil and gas operators, energy infrastructure, real estate, middle-market credit, growth private equity and distressed municipal securities since its founding by Kayne and John Anderson in 1984. Anderson died in 2011."
