Welcome to our dedicated page for Ares Management Corporation news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management Corporation stock.
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager with a diversified platform that provides clients with complementary primary and secondary investment solutions across credit, private equity, real estate, and infrastructure asset classes. Founded in 1997, Ares adheres to a disciplined investment philosophy designed to deliver strong risk-adjusted returns throughout various market cycles.
As of December 31, 2023, Ares manages approximately $428 billion in assets and operates from over 15 offices across North America, Europe, Asia, and Australia. The company is organized into four key business segments: the Credit Group, the Private Equity Group, the Real Assets Group, and the Secondaries Group.
The Credit Group is Ares' largest segment by revenue, focusing on managing credit strategies across both liquid and illiquid markets. This includes investing in leveraged loans, high-yield bonds, and private credit opportunities. Highlighting its recent achievements, Ares closed approximately $9.3 billion in U.S. direct lending commitments in Q1 2024 alone.
The Private Equity Group handles investments in corporate private equity, infrastructure and power, and special opportunities. Notable investments include support for the growth plans of companies like Aptean and Artivion.
The Real Assets Group manages comprehensive equity and debt strategies across real estate and infrastructure investments. Recent projects include significant contributions to Vantage Data Centers' expansion in the EMEA region.
The Secondaries Group invests in secondary markets across a range of alternative asset strategies, including private equity, real estate, infrastructure, and credit.
Ares places a strong emphasis on collaboration across its investment groups to generate consistent and attractive returns. The firm is committed to flexible capital deployment to support businesses and create value for stakeholders. For more information, visit www.aresmgmt.com.
Form Technologies, a global leader in precision-engineered components, announced its acquisition by Ares Management funds. The transaction includes approximately $304 million in new equity capital, consisting of $154 million in common equity from investors including Ares, D. E. Shaw group and Onex Credit, plus $150 million in preferred equity from D. E. Shaw group and Ripple Industries.
The company operates 32 facilities across 22 countries, specializing in die casting, investment casting, and metal injection molding. Form Technologies serves nearly 2,000 customers across automotive, aerospace, healthcare, and enterprise technology sectors. The new capital will support investment in operational capabilities and accelerate commercial strategy, following a platform-wide strategic repositioning over the past two years.
Ares Management (NYSE: ARES) has announced the final closing of its sixth European direct lending fund, Ares Capital Europe VI (ACE VI), raising €17.1 billion in commitments, exceeding its €15 billion target and reaching its hard cap. Including related vehicles and anticipated leverage, the total available capital for the European Direct Lending strategy is expected to be approximately €30 billion.
The fund size represents a 53% increase compared to its predecessor fund, ACE V, which closed at €11.1 billion in 2021. Combined with the previously announced $33.6 billion raised for Senior Direct Lending Fund III, Ares has secured approximately $64.5 billion across both strategies.
ACE VI has already deployed €6.4 billion across over 50 investments. The fund targets senior-secured positions in high-quality European companies with EBITDA exceeding €10 million. Ares' European Direct Lending strategy manages over $74 billion in assets and has completed nearly 380 investments totaling over €70 billion since inception.
Ares Management (NYSE: ARES) has promoted Kevin Alexander to Co-Head of Alternative Credit, joining current Co-Heads Keith Ashton and Joel Holsinger. Alexander, who joined Ares in 2019, has been instrumental in the strategy's investment origination and structuring efforts. He brings over 27 years of industry experience, including 20 years at Natixis CIB Americas where he served as Deputy CEO.
The Alternative Credit strategy at Ares is a major player in asset-based credit with $43.1 billion in assets under management as of September 30, 2024. The team focuses on investments across various sectors including specialty finance, lender finance, equipment leasing, structured products, and net lease. The strategy includes the Pathfinder family of funds, where portfolio managers commit to donate a portion of performance fees to global health and education charities.
Ares Management (ARES) has announced it will release its financial results for the fourth quarter and full year 2024 on Wednesday, February 5, 2025, before the NYSE opening. The company will host a conference call and webcast at 10:00 a.m. Eastern Time on the same day to discuss the results.
Investors can join via phone or webcast through the company's website. Domestic callers should dial +1 (800) 343-5172, while international callers can use +1 (203) 518-9856, referencing conference ID ARESQ424. Participants are advised to dial in 10-15 minutes early. An archived replay will be available until March 5, 2025, accessible via phone and website.
Ares Management (NYSE: ARES) has secured over $2.3 billion in equity commitments to support Aspida Holdings , a life insurance and annuity company. Combined with a recent $700 million credit facilities offering, total capital raised exceeds $3 billion.
Aspida has grown to over $19 billion in total assets as of September 30, 2024, leveraging its technology platform for annuity and reinsurance clients. The company maintains an open architecture sub-advisor selection, with Ares Insurance Solutions (AIS) managing its assets. The portfolio is over 90% investment grade and matched to liabilities.
The funding aims to capitalize on increasing retirement solution demands driven by increased life expectancy, rising healthcare costs, and elevated expenses. Aspida's platform combines spread-based business model and digital capabilities with AIS's asset origination and investment expertise.
Ares Capital (ARCC) has priced a $1 billion public offering of unsecured notes with a 5.800% interest rate, maturing on March 8, 2032. The notes can be redeemed at any time at par plus a make-whole premium. The offering, led by multiple joint book-running managers including BofA Securities, J.P. Morgan Securities, and SMBC Nikko Securities, is expected to close on January 8, 2025.
The company plans to use the net proceeds to repay existing debt facilities, with the option to reborrow for general corporate purposes, including portfolio company investments. The offering is subject to customary closing conditions and is being made through a prospectus supplement and accompanying prospectus filed with the SEC.
Ares Management (NYSE:ARES) has launched the Ares Private Markets Fund (AUT) in Australia, providing wholesale clients access to their private equity secondaries strategy through APMF. The fund, which has grown to approximately A$3 billion in AUM since its 2022 launch, focuses on private equity fund stakes in North America and Europe.
The expansion builds on Ares' success in the Australia/New Zealand region, where they have raised over A$1.5 billion since 2020 through their credit strategies products. The APMF offers quarterly liquidity and enhanced transparency, leveraging the Ares Secondaries Group's 30+ years of experience in managing secondary investments.
Ares Management has announced that Michael Arougheti, the company's Co-Founder, CEO and President, will deliver a presentation at the Goldman Sachs Financial Services Conference on Wednesday, December 11, 2024, at 9:20am ET.
The presentation will be accessible through a live audio webcast in the Investor Resources section of Ares' website. For those who cannot attend the live broadcast, a replay will be made available on the company's website after the event.
Ares Management (NYSE:ARES) reported significant direct lending activity in Q3 2024, closing $12.3 billion in U.S. direct lending commitments across 86 transactions. The company achieved a record $44.5 billion in commitments across 328 transactions for the 12 months ended September 30, 2024. Notable Q3 transactions included supporting major acquisitions and growth plans across various sectors, including technology, insurance, education, and logistics. Ares served in key roles such as lead arranger, administrative agent, and bookrunner for multiple senior secured credit facilities.
Ares Management (NYSE:ARES) reported strong Q3 2024 results with GAAP net income of $118.5 million and earnings per share of $0.55. The company achieved after-tax realized income of $316.0 million ($0.95 per share) and fee-related earnings of $339.3 million. With over $64 billion in fundraising year-to-date, Ares expects 2024 to be a record year with gross commitments reaching mid-$80 billion range. Third quarter deployment reached nearly $30 billion. The company declared a quarterly dividend of $0.93 per share of Class A stock, payable December 31, 2024.
FAQ
What is the current stock price of Ares Management Corporation (ARES)?
What is the market cap of Ares Management Corporation (ARES)?
What is Ares Management Corporation?
What is the primary focus of Ares' Credit Group?
How many assets does Ares Management Corporation manage?
What are the key business segments of Ares?
Can you provide examples of recent investments by Ares?
How does Ares collaborate across its investment groups?
What is the investment philosophy of Ares?
How does Ares contribute to environmental sustainability?
Where can I find more information about Ares Management Corporation?
How does Ares support businesses and stakeholders?
