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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) declared a fourth quarter dividend of $0.41 per share, payable on December 30, 2021. The company reported its Q3 2021 financial results, showing a core EPS of $0.47, up from $0.39 in Q3 2020. GAAP net income per share decreased to $0.73 from $1.04 year-over-year. The portfolio's fair value reached $17.7 billion, supported by robust new investments totaling $3.1 billion. Ares Capital maintained a debt/equity ratio of 1.17 and had $1.2 billion in cash as of September 30, 2021, reinforcing its financial flexibility and market position.
Archwest Capital has completed a strategic minority investment by Aspida Holdings, part of Ares Management Corporation (NYSE: ARES). This partnership will allow Archwest to provide Aspida with multifamily and mixed-use first mortgage assets to support its growth. Ares plans to leverage its expertise in overseeing these investments. The CEO of Archwest noted the ongoing housing supply shortage as a driving factor for this collaboration. Aspida aims to utilize this partnership to enhance its capital-efficient solutions for growth.
Ares Management Corporation (NYSE: ARES) has launched Ares Wealth Management Solutions (WMS) to enhance services for individual investors. This initiative is supported by over 90 professionals and aims to facilitate greater access to alternative investments, which currently manage more than $45 billion. Raj Dhanda, formerly of Black Creek Group and Morgan Stanley, will lead WMS. The move is expected to further Ares' strategy of democratizing alternative investments, responding to the growing demand from retail clients for diversified portfolios.
LaserAway, a prominent aesthetic dermatology provider, secured a strategic investment from the Private Equity Group of Ares Management Corporation (NYSE: ARES). Founded in 2006, LaserAway operates 74 clinics nationwide, offering laser hair removal, tattoo removal, skin rejuvenation, and more. This partnership aims to expand LaserAway's reach, enhance customer loyalty via the new rewards program, and advance its skincare line. Ares is noted for its expertise in supporting growth in consumer and healthcare sectors, aligning with LaserAway's vision for future development.
Ares Management Corporation (NYSE: ARES) has successfully closed its Ares Private Credit Solutions II (APCS II) fund, achieving commitments of
The Lockwood Group announced a strategic investment from Ares Management Corporation's Private Equity Group on October 12, 2021. While the investment terms remain undisclosed, Lockwood's CEO, Matthew Schecter, expressed enthusiasm for Ares' resources to enhance growth, focusing on expanding capabilities and client service. Ares partner Kevin Ryan highlighted Lockwood's position to capitalize on market opportunities in life sciences. Lockwood, recognized for its scientific expertise and workplace culture, continues to support pharmaceutical and biotech clients with targeted communication strategies.
Ares Management Corporation (NYSE: ARES) has agreed to acquire a majority stake in Apex Clean Energy, aiming to provide growth capital for Apex's transition to a pure-play renewable energy independent power producer (IPP). With over $9 billion in commercialized utility-scale projects and a diversified portfolio of more than 30 GW in development, Apex will utilize this capital to strengthen its position in U.S. clean energy development and expand into energy storage and green fuels. The transaction is expected to close before the end of 2021, pending customary approvals.
EPIC Y-Grade, LP announced the completion of a 165-mile pipeline linking Robstown to Sweeny, Texas, enhancing its NGL transportation capabilities. This project aligns with its strategic expansion in the Gulf Coast region, connecting to major markets, including the ethane pipeline to Gulf Coast Growth Ventures. The new 175-mile propane pipeline has also been placed in service, bolstering EPIC's position in the market. CEO Brian Freed emphasized EPIC's unique service offerings to producers in the Permian Basin and Eagle Ford.
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