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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 Management Corporation (NYSE: ARES) appointed Henry Lee as the Head of Ares Wealth Management Solutions (AWMS) for Asia, enhancing retail product development and distribution. Lee, with over 17 years in investment management and a significant history at HSBC, will focus on strategic partnerships with financial intermediaries. This move aligns with Ares' commitment to expand access to its investment strategies for individual investors in the Asia region. Ares currently manages approximately $325 billion in assets.
Ares Management Corporation (NYSE: ARES) announced that CFO Jarrod Phillips will present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 14, 2022, at 2:30 PM ET. A live audio webcast of the presentation will be accessible in the Investor Resources section of the company’s website, with a replay available shortly after the event. As of March 31, 2022, Ares Management had approximately $325 billion in assets under management, and operates globally with over 2,100 employees.
Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti will speak at the Bernstein 38th Annual Strategic Decisions Conference on Thursday, June 2, 2022, at 2:30 PM ET. Investors can access a live audio webcast of the presentation on the company's website, with a replay available afterward. Ares Management, a global alternative investment manager, manages approximately $325 billion in assets as of March 31, 2022, and operates across North America, Europe, Asia Pacific, and the Middle East.
CION Investments announced a record raise of $390 million for the CION Ares Diversified Credit Fund (CADC) in Q1, boosting total managed assets to $3.1 billion. Co-CEO Michael A. Reisner attributed this success to the Fund’s floating rate strategy and investor demand for credit alternatives. The CADC employs a dynamic asset allocation framework targeting superior risk-adjusted returns across market cycles. CION aims to provide individual investors accessible alternative credit investments without high minimums or long lock-up periods.
Ares Management Corporation (NYSE: ARES) reported a successful first quarter in 2022, closing approximately
Ares Management Corporation (NYSE: ARES) reported a GAAP net income of $45.9 million for Q1 2022, marking $0.24 per share. The company's after-tax realized income was $206.7 million, with fee-related earnings reaching $205.7 million, reflecting a 59% year-over-year growth. Ares raised $13.7 billion in gross capital and has $92 billion of available capital for investment. A quarterly dividend of $0.61 per share was declared, payable on June 30, 2022.
Ares Capital Corporation (NASDAQ: ARCC) declared a Q2 dividend of $0.42 per share, payable on June 30, 2022. Additionally, an extra dividend of $0.03 will also be distributed on the same date, already approved on February 9, 2022. For Q1 2022, Ares reported a core EPS of $0.42 and GAAP net income per share of $0.44, down from $0.43 and $0.87 in Q1 2021, respectively. Net investment income rose to $198 million. As of March 31, 2022, total portfolio investments stood at $19.486 billion, with a debt/equity ratio of 1.13x.
Annaly Capital Management (NYSE: NLY) has signed an agreement to sell its Middle Market Lending portfolio to Ares Capital Management (NYSE: ARES) for approximately $2.4 billion. This sale includes most of the Company’s Middle Market Lending assets and is seen as a strategic move to sharpen focus on its core housing finance strategy. The transaction is expected to enhance Annaly’s book value, while having negligible effects on earnings and dividends. Proceeds will be used to repay financing facilities and acquire targeted assets. Completion is anticipated by Q2 2022.
Ares Management Corporation has announced its agreement to acquire a Middle Market Lending portfolio from Annaly Capital Management for approximately $2.4 billion. This acquisition aims to enhance Ares' position in direct lending by adding a diversified borrower base of upper middle-market companies. Ares’ Credit Group expects significant advantages in deal sourcing and investor returns due to overlapping investments and existing sponsor relationships. The transaction is anticipated to close by the end of Q2 2022, subject to customary conditions.
Touchstone Investments has rebranded its Touchstone Credit Opportunities Fund to the Touchstone Ares Credit Opportunities Fund, reflecting a long-standing partnership with Ares Management Corporation (NYSE: ARES). The Fund aims to provide current income and capital appreciation by investing across various credit asset classes while actively managing portfolio risks. Notably, the Fund will now declare dividends on a monthly basis, starting April 2022. The investment strategies remain unchanged, maintaining a focus on global debt instruments and relative value opportunities.
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