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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) will have its CEO, Michael Arougheti, and CFO, Michael McFerran, present at the Morgan Stanley Virtual U.S. Financials, Payments & CRE Conference on June 15 at 2:45 PM EDT. A live audio webcast will be accessible on the company’s website, with a replay available afterward. Ares Management is a global alternative investment manager, with approximately $227 billion in assets under management as of March 31, 2021. The firm operates across various sectors, aiming to deliver attractive returns.
Ares Management Corporation (NYSE: ARES) announced the completion of its acquisition of Landmark Partners, LLC, a leading investor in secondary private fund ownership stakes within the alternative asset management sector. Landmark has over $19.6 billion in assets under management and a strong track record, sourcing more than 2,400 transactions since 1989. The acquisition enhances Ares' capabilities in the growing global secondaries market, creating a new investment group called Secondary Solutions, led by Co-Heads Francisco Borges and Timothy Haviland, aiming for increased product and fundraising opportunities.
Ares Management Corporation (NYSE: ARES) has agreed to acquire Black Creek Group's U.S. real estate investment advisory and distribution business. Black Creek, established in 1993, manages approximately $11.6 billion in assets and specializes in core/core-plus real estate strategies. This acquisition aims to enhance Ares' capabilities and product offerings while expanding its retail distribution platform. The transaction is projected to grow Ares' assets under management to about $29 billion and is expected to be accretive to earnings within the first year.
Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti and COO/CFO Michael McFerran will present at the Wells Fargo Virtual Financial Services Investor Conference on May 19, 2021, at 11:20 am EDT. The presentation will be accessible via a live audio webcast on the company’s website. Ares Management is a global alternative investment manager with approximately $207 billion in assets under management as of March 31, 2021, operating across various sectors including Credit and Private Equity.
Ares Management Corporation (NYSE: ARES) announced that CEO Michael Arougheti and COO/CFO Michael McFerran will present at the Barclays Americas Select Franchise Conference on May 18, 2021, at 11:00 am EDT. The presentation will be accessible via a live audio webcast on the company's website, with a replay available shortly after. Ares Management operates as a global alternative investment manager, with approximately $207 billion in assets under management as of March 31, 2021. The firm focuses on Credit, Private Equity, Real Estate, and Strategic Initiatives.
Ares Management Corporation (NYSE: ARES) has announced the sale of Farrow & Ball, a UK-based premium paint and wallpaper manufacturer, to Hempel Group. The terms of the transaction remain undisclosed. Farrow & Ball, known for its eco-friendly products and 75-year heritage, has experienced significant growth since Ares acquired it in 2014. The sale is expected to close in the second half of 2021, pending customary conditions. Financial advisement was provided by Moelis & Company LLC and Rothschild & Co. for Farrow & Ball, with legal assistance from Latham & Watkins (London) LLP.
CS Energy has been acquired by American Securities, a prominent private equity firm, from Ares Management and The Conti Group. The acquisition aligns with American Securities' strategy to invest in leading companies within the renewable energy sector. CS Energy, recognized for its extensive work in solar and energy storage, has implemented over 1 GW of solar and 300 MWh of storage projects globally. The management team will continue its existing strategy to fuel growth and execute projects effectively. The acquisition aims to enhance CS Energy's capabilities amidst the accelerating U.S. energy transition.
Ares Management Corporation (NYSE: ARES) announced around $3.6 billion in new financing commitments across 45 transactions in Q1 2021. Key deals included:
- AI Fire: Secured credit facility for Snow Phipps acquisition.
- Commercial Trailer Leasing: Financing for strategic plans.
- Continental Batteries: Credit support for H.I.G. Capital's acquisition.
- ProfitSolv: Financing for integrated solutions provider.
- Stealth Monitoring: Support for merger and remote monitoring solutions.
- Veterinary Practice Partners: Funded growth plans.
- WellSky: Credit facility for health tech expansion.
- Wilshire Associates: Financing for investment technology acquisition.
Ares Management Corporation (NYSE:ARES) reported a GAAP net income of $58.4 million for Q1 2021, equating to $0.33 per share. The company's after-tax realized income was $127.6 million, or $0.46 per share, with fee related earnings at $128.5 million. Ares surpassed $200 billion in assets under management, marking a 39% growth from four years ago. New capital raised totaled $10 billion, with a quarterly dividend of $0.47 per Class A common share declared. The company anticipates continued growth supported by favorable market conditions.
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