Welcome to our dedicated page for Ares Management news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management stock.
Ares Management Corporation reports developments across its global alternative investment management platform, including credit, real estate, private equity and infrastructure strategies. Company news commonly covers quarterly results, fee and performance income, fundraising, fund closings, direct lending origination activity and dividend declarations on its common stock.
Updates also track Ares Credit funds, Ares Commercial Finance, value-add real estate vehicles, Asia credit and special situations strategies, and sub-advised credit products. Recurring themes include capital deployment, senior secured financing commitments, fundraising across asset classes, global platform expansion and operating leadership changes.
Ares Management (NYSE: ARES) has announced the pricing of its public offering of 2,650,000 shares of Class A common stock at $134.75 per share.
The company has also granted the underwriters an option to purchase an additional 397,500 shares. The offering is expected to close on or around June 14, 2024, pending customary closing conditions.
Ares plans to use the proceeds for general corporate purposes including debt repayment, strategic acquisitions, and growth initiatives. A registration statement has been filed with the SEC and is effective.
The offering will be conducted via a prospectus, available on the SEC's website or by contacting Morgan Stanley.
Ares Management (NYSE: ARES) has announced an underwritten public offering of 2,650,000 shares of Class A common stock. The company has also granted the underwriters an option to purchase an additional 397,500 shares. The net proceeds from this offering will be used for general corporate purposes, including debt repayment, strategic acquisitions, and growth initiatives. The offering is being managed by Morgan Stanley, BofA Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities. A registration statement has been filed with the SEC and is effective. The offering will be made via a preliminary prospectus supplement and accompanying prospectus, both of which can be accessed through the SEC's website.
Ares Management (NYSE: ARES) announced that Chief Financial Officer Jarrod Phillips will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at 10:15 am ET.
The presentation will be available via a live audio webcast on the Ares Investor Resources webpage, with a replay accessible later. This presence at a significant financial conference highlights Ares' strategic outreach and engagement with key industry stakeholders.
Ares Management (NYSE:ARES) announced that CFO Jarrod Phillips will present at the TD Financial Services & Fintech Summit on June 6, 2024, at 3:40pm ET.
The presentation will be accessible via a live audio webcast on the company's Investor Resources webpage, with a replay available afterward.
This event provides an opportunity for Ares to showcase its financial strategies and innovations in the fintech sector, potentially influencing investor perception and stock performance.
Ares Management (NYSE:ARES) announced that its CEO and President, Michael Arougheti, will present at Bernstein's 40th Annual Strategic Decisions Conference on May 29, 2024, at 2:30 pm ET.
The presentation will be available via a live audio webcast in the Investor Resources section of the company's website.
A replay will also be accessible on the website for those unable to attend the live webcast.
Ares Management, CDPQ, and Schroders Capital have announced a EUR 750 million financing agreement to support the expansion of Vantage Data Centers' EMEA platform. Ares and CDPQ will each provide up to EUR 300 million, while Schroders Capital contributes EUR 150 million. The funds will enhance Vantage's portfolio of 14 hyperscale data center campuses in Europe and South Africa, aiming to deliver 751MW of IT capacity upon full development. The investment aligns with the growing demand for digital infrastructure driven by AI and cloud computing. Vantage is committed to achieving net zero carbon emissions by 2030.
Ares Management (NYSE:ARES) will host an Investor Day on May 21, 2024, providing updates on the firm's businesses, growth strategy, and outlook. The event will be streamed live, starting at 8:00 a.m. Eastern Time.
Bixby Land Company closed its Bixby Industrial Fund I, offering existing investors liquidity and extending duration for a portfolio of industrial properties in California, Arizona, and Georgia. The fund, with equity investors like Vintage Strategies at Goldman Sachs Alternatives and Ares Management Real Estate Secondaries fund, aims for value-add returns over a 5-7 year horizon.
Ares Real Estate, a subsidiary of Ares Management , announced the acquisition of a hotel portfolio from Landsec in the UK. The portfolio includes 18 hotels with 3,028 rooms, concentrated in London and other major UK cities, purchased for £400 million. Ares plans to enhance the value of the properties through asset management initiatives, including refurbishment and energy efficiency improvements.
CION Ares Diversified Credit Fund, a joint venture between CION Investments and Ares Management , has surpassed $5 billion in total assets under management. The Fund offers investors direct access to alternative credit opportunities, providing income, stability, and lower portfolio volatility through diversification. CADC invests in a mix of illiquid and liquid credit investments, aiming for superior risk-adjusted returns. The Fund is distributed through various channels, catering to individual investors seeking alternative investment options.