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.
Ares Capital Corporation (NASDAQ: ARCC) will report its first quarter earnings for the period ending March 31, 2023, on April 25, 2023, before the Nasdaq market opens. A conference call will occur at 11:00 a.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast available on Ares Capital's Investor Resources section. The company, founded in 2004, focuses on direct loans and investments in private middle market companies in the U.S. It is the largest publicly traded business development company (BDC) by market capitalization as of March 31, 2023.
Ares Management Corporation (NYSE: ARES) announced that it will report its first-quarter earnings for 2023 on April 28, 2023, before the market opens. A webcast/conference call will take place at 11:00 a.m. Eastern Time the same day to discuss these financial results. Interested parties can join via telephone or through a live webcast. Ares Management is a global alternative investment manager with approximately $352 billion in assets under management as of December 31, 2022. The company operates across various asset classes and aims to generate attractive investment returns for its stakeholders.
Ares Management Corporation (NYSE: ARES) and Mubadala Investment Company have formed a joint venture focusing on global credit secondaries opportunities with an initial investment of approximately $1 billion. This partnership aims to enhance liquidity solutions in the credit secondaries market, which is anticipated to grow significantly. Ares, managing about $214 billion in credit assets and $22 billion in secondaries assets as of December 31, 2022, aims to leverage its extensive experience and Mubadala's global reach. The joint venture is expected to address the supply-demand imbalance in credit secondaries transactions and capitalize on increased market opportunities.
WHP Global announced a $375 million equity investment from Ares Management, valuing the company at $1.6 billion. This funding aims to enhance WHP Global's growth and brand acquisition strategy, building on its rapid expansion since its founding in 2019. WHP Global's brand portfolio generates over $6.5 billion in global retail sales, featuring notable brands like Express and Toys"R"Us. Ares intends to leverage its expertise to further develop WHP Global, with key personnel joining the board. The investment adds significant cash to WHP's balance sheet for future acquisitions.
CION Investments, in collaboration with Ares Management Corporation, has announced an increase in distribution rates for the CION Ares Diversified Credit Fund (CADC), effective April 1, 2023. The annualized distribution rate for Class I shares will rise to 8.25%, reflecting a 15% hike from previous rates. This marks the fourth increase in distribution rates within the past year, highlighting the Fund's robust income generation capabilities. Additionally, CADC has priced $150 million in preferred shares, intended for investments and corporate purposes. The Fund employs a dynamic asset allocation strategy, enhancing its market adaptability.
Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel will present at the 2023 RBC Capital Markets Global Financial Institutions Conference on March 8, 2023, at 2:40 PM ET. Investors can access a live audio webcast of the presentation on the company's website, with a replay available shortly after. Ares Capital, established in 2004, focuses on providing loans and investments to private middle-market companies in the U.S., aiming to generate attractive income and capital appreciation for investors. It is the largest publicly traded business development company (BDC) by market capitalization as of December 31, 2022.
Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel and CFO Penni Roll will present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 10:25 AM ET. Investors can access a live audio webcast in the Investor Resources section of Ares Capital's website, with a replay available shortly after the event. Founded in 2004, Ares Capital is a leading specialty finance company focused on direct loans and investments in U.S. private middle market companies, aiming to generate attractive income and potential capital appreciation for investors.
Ares Management Corporation (NYSE: ARES) has announced a strategic partnership with BlueCove Limited, a London-based scientific fixed income manager. Ares will acquire a minority equity stake in BlueCove, with an option for future control. The transaction, which is subject to regulatory approvals, is expected to close in Q2 or Q3 2023. BlueCove specializes in scientific fixed income investing, aiming to provide innovative investment solutions. With $1.8 billion in assets under management, BlueCove seeks to leverage Ares' expertise to enhance its market leadership and broaden its global reach in the investment sector.
Ares Management Corporation (NYSE: ARES) announces leadership changes with Dwight Merriman appointed Chair of Ares Industrial Management (AIM) and Co-Chair of the Board of Ares Industrial Real Estate Income Trust (AIREIT). Dave Fazekas takes over Merriman's previous role as Head of AIM and becomes Co-President of AIREIT. Merriman, instrumental in building AIM, aims to expand industrial capabilities amid positive market trends. As of December 31, 2022, Ares has approximately $352.0 billion in assets under management, with Ares Real Estate overseeing $51.2 billion.
Ares Management Corporation (NYSE: ARES) has announced that its CEO and President, Michael Arougheti, will present at the BofA Securities Financial Services Conference on February 16, 2023, at 9:40 am ET. Investors can listen to the live audio webcast on the company's website. A replay will be available after the event. As of December 31, 2022, Ares has approximately $352 billion in assets under management and operates globally with over 2,500 employees. The company provides diverse investment solutions in credit, private equity, real estate, and infrastructure.
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?
