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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 has launched Vmo Aircraft Leasing L.P., a new company aimed at acquiring and leasing commercial aircraft, with initial equity capital of approximately $500 million. Led by industry veterans Bob Brown, Sean Sullivan, and Will Hudson, Vmo aims to build a global, diversified portfolio of modern aircraft. This partnership is seen as a significant opportunity to provide flexible financial solutions to the aviation sector, which has been significantly affected by COVID. Ares, managing around $179 billion in assets, supports Vmo's mission.
Pretium and Ares Management have completed the acquisition of Front Yard Residential, marking a significant transaction in the single-family rental (SFR) market. With over 55,000 rentals, Pretium becomes the second-largest owner in the U.S. SFR sector. The partnership aims to optimize and grow Front Yard's diversified portfolio, capitalizing on high occupancy rates and stable cash flows. CEO Don Mullen emphasized the urgency for institutional investors in this asset class, anticipating attractive returns. This strategic move positions Pretium and Ares to leverage their combined experience for future growth.
Ares Management Corporation will report its fourth quarter and fiscal year earnings for 2020 on February 11, 2021, before the NYSE opens. The company will host a conference call at 12:00 p.m. ET the same day to discuss financial results. Ares Management, a leading global alternative investment manager, manages approximately $179 billion in assets as of September 30, 2020. Interested parties can access the call through the provided phone numbers or via a live webcast on their website.
TricorBraun has announced a definitive stock purchase agreement with funds managed by Ares Management and Ontario Teachers' Pension Plan Board to acquire a majority interest in the company. TricorBraun will continue to be led by its existing management team, retaining significant investment in the company. The transaction aims to leverage Ares and Ontario Teachers' resources to accelerate TricorBraun's growth in the packaging industry, which generated $1.5 billion in annual sales in 2020. The deal is expected to close in Q1 2021, pending regulatory approvals.
Ares Management Corporation (NYSE: ARES) and Aspida Holdings Ltd. have successfully completed the acquisition of F&G Reinsurance Ltd. from FGL Holdings. Terms were not disclosed. Aspida Re will maintain operations in Bermuda and focus on reinsurance solutions for insurance firms, aiming to optimize balance sheets for future growth. Ares continues to bolster its insurance capabilities, notably through the appointment of Raj Krishnan as Chief Investment Officer of Ares Insurance Solutions, enhancing support for Aspida Re.
Ares Management Corporation announced that CEO Michael Arougheti will present at the 2020 Goldman Sachs U.S. Financial Services Conference on December 8, 2020, at 12:00 p.m. ET. A live audio webcast of the presentation will be accessible on the company's website, with a replay available afterward. As of September 30, 2020, Ares Management manages approximately $179 billion in assets and operates across Credit, Private Equity, Real Estate, and Strategic Initiatives, employing over 1,400 people globally.
GI Partners has acquired Valet Living, the largest full-service amenities provider for the multifamily housing sector, from a fund managed by Ares Management (NYSE:ARES) and Harvest Partners. Valet Living has consistently achieved double-digit growth since its inception, performing over 415 million service events annually across 1.6 million apartment homes. The acquisition aims to enhance Valet Living's innovation and facilitate its nationwide growth, leveraging GI Partners' expertise in accelerating services businesses.
Ares Management Corporation (NYSE: ARES) announced the sale of Valet Living, a leading provider of amenities to the multi-family housing sector, to GI Partners. Valet Living serves over 1.6 million apartment homes across 40 states, offering comprehensive amenities including trash collection and concierge services. Since Ares and Harvest Partners acquired Valet Living in 2015, the company experienced strong double-digit growth and expanded its service offerings. The financial details of the transaction have not been disclosed.
Ares Management Corporation (NYSE: ARES) announced the conversion of a CHF 155 million (€145 million) subordinated mandatory convertible bond in Peach Property Group AG (SIX: PEAN). This conversion makes Ares the largest shareholder in Peach with a 30% stake. The investment is part of a CHF 230 million capital increase aimed at strengthening Peach’s finances for acquiring two significant residential portfolios. Ares has a long-term commitment to the German residential market, leveraging its expertise in public transactions.
EPIC Midstream Holdings has announced a leadership transition, appointing Brian Freed as the new CEO, succeeding Phil Mezey, who will become Non-Executive Chairman. The company aims to shift its focus from project development to improving operational excellence. Freed, previously President since July 2019, is expected to enhance EPIC's position in the midstream sector, particularly in the Permian Basin. This change is viewed positively by investors and stakeholders, as it aims at sustaining the company’s growth trajectory.
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