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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) announced a public offering of 9,000,000 shares of its common stock, with an option for underwriters to purchase an additional 1,350,000 shares. The offering utilizes Ares Capital’s existing shelf registration statement filed with the SEC. Major underwriters include Morgan Stanley, BofA Securities, and UBS Investment Bank. The net proceeds are expected to reduce outstanding debt and potentially support general corporate activities. Investors should review the preliminary prospectus for details on risks and investment objectives.
Ares Management Corporation (NYSE: ARES) announced the final closing of its Infrastructure Debt Fund V (IDF V) on December 29, 2022, achieving approximately $5.0 billion in commitments. The fund focuses on subordinated investments across sectors such as digital, utilities, renewables, energy, and transportation. Ares aims to provide customized credit solutions while engaging in responsible investment with sustainability-linked debt facilities. With a global team and a strong track record of $10.4 billion committed since 2011, IDF V has invested about $2.0 billion, or 40% of its capital base, to date.
CION Ares Management has announced an increase in distribution rates for the CION Ares Diversified Credit Fund (CADC), effective January 1, 2023. The Class I shares will now offer an annualized distribution rate of 7.29%, representing a 10% increase. Over the past year, the distribution for Class I shares has risen from
Ares Management Corporation (NYSE: ARES) will report its fourth quarter and full year earnings for 2022 on February 9, 2023, before the market opens. A conference call to discuss the results will take place that same day at 12:00 p.m. (ET). The company's platform manages approximately $341 billion in assets, with a global presence and over 2,450 employees. Access details for the call are provided for both domestic and international participants. Archived replays will be available until March 9, 2023.
Ares Management Corporation (NYSE: ARES) announced the appointment of Ashish Bhutani as an independent director on its Board, which now includes 11 members. Bhutani brings over 25 years of experience in asset management, having previously served as Chairman and CEO of Lazard Asset Management, overseeing $221 billion in assets. His expertise in capital markets and strategic vision is expected to enhance Ares' growth and product development. The company manages approximately $341 billion in assets and aims to deliver significant shareholder value.
Ares Capital Corporation (NASDAQ: ARCC) will report its earnings for the fourth quarter and fiscal year ending December 31, 2022, on February 7, 2023, before the market opens. A webcast and conference call will take place at 12:00 p.m. (Eastern Time) the same day to discuss the financial results. Ares Capital focuses on providing financing to private middle market companies, aiming for attractive current income and capital appreciation for investors. Ares Capital is the largest publicly traded business development company by market capitalization as of December 31, 2022.
Eagle Football Holdings has acquired a controlling stake in Olympique Lyonnais Groupe SA, creating a major player in global football alongside clubs like Crystal Palace and Botafogo. This transaction, announced on December 20, 2022, involves a simplified cash tender offer for unowned shares at €3 each. The investment consortium includes Ares Management, Iconic Sports, and Elmwood Partners, all bringing significant experience in sports management. Chairman Jean-Michel Aulas remains in charge, fostering synergies aimed at enhancing fan engagement and competitive success.
Avant, a financial technology company, has secured $250 million in corporate debt and redeemable preferred equity from Ares Management. This follows a $250 million securitization completed in September, bringing Avant's total asset-backed financing commitments for 2022 to $1.1 billion. The funding will enhance Avant's credit portfolio and support its growth initiatives. The company has successfully provided over $9 billion in credit to nearly 3 million customers since 2012.
Ares Acquisition Corporation (NYSE: AAC) has announced a definitive business combination agreement with X-energy, a leader in small modular nuclear reactor development. This partnership aims to establish X-energy as a publicly traded entity, enhancing its capabilities in providing clean, affordable energy through advanced nuclear technologies. With an estimated pre-money equity value of $2 billion, the transaction is bolstered by $1.2 billion in funding from the U.S. Department of Energy. This merger positions X-energy to capitalize on a serviceable addressable market projected to reach $500 billion by 2040.
Ares Management Corporation (NYSE: ARES) announced that its CFO, Jarrod Phillips, will present at the Goldman Sachs US Financial Services Conference on December 6, 2022, at 11:20 AM ET. A live audio webcast of the presentation can be accessed in the Investor Resources section of Ares's website. The company, a leading alternative investment manager with $341 billion in assets under management as of September 30, 2022, operates globally across various asset classes including credit, private equity, and real estate.
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