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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) reported strong financial results for Q3 2020, with a GAAP net income of $47.5 million, translating to $0.27 per Class A share. After-tax realized income reached $134.1 million, or $0.48 per share, alongside fee-related earnings of $106.8 million. The firm experienced a 24% increase in assets under management, driven by robust fundraising efforts. A quarterly dividend of $0.40 per share will be paid on December 31, 2020. Ares is optimistic about continuing growth in fee-related earnings attributed to its scale and existing opportunities.
Ares Management Corporation (NYSE: ARES) announced the appointment of Raj Krishnan as Partner and Chief Investment Officer of Ares Insurance Solutions (AIS). With over 25 years in insurance asset management, Krishnan joins from F&G Annuities & Life, where he managed a $28 billion portfolio. His role will include overseeing investment management for over 100 insurance clients and supporting Aspida Holdings’ acquisition of F&G Reinsurance Ltd. This strategic move aims to strengthen Ares' asset management capabilities in the life and annuity market.
Ares Management Corporation (NYSE: ARES) will report its third quarter earnings on October 28, 2020, before the NYSE opens. A conference call is scheduled for the same day at 12:00 p.m. ET to discuss financial results. As of June 30, 2020, Ares Management had approximately $165 billion in assets under management, employing around 1,400 staff globally. The company emphasizes its integrated investment strategies across Credit, Private Equity, and Real Estate, aimed at delivering innovative solutions and attractive returns for investors.
Ares Management Corporation and its subsidiary Aspida Holdings announced an agreement for Aspida to acquire F&G Reinsurance Ltd., a reinsurer with approximately $2 billion in invested assets. This acquisition supports Aspida's growth strategy in the retirement market, aiming to provide customized insurance solutions. The transaction is expected to close in Q4 2020, subject to regulatory approvals, and is intended to be financially accretive. Key benefits include enhanced capital optimization and a strategic agreement with F&G to bolster growth.
Ares Management Corporation (NYSE:ARES) has appointed John Knox as Chairman for Australia & New Zealand of Ares SSG. Knox, with 25 years of experience, previously served as CEO of Credit Suisse Australia, overseeing its regional operations. His expertise will aid in expanding Ares’ business in these markets. Ares boasts approximately $165 billion in assets under management and has been expanding its presence in Asia Pacific, having made significant transactions such as acquiring SSG Capital Holdings. The leadership believes Knox's local knowledge will enhance investment opportunities.
On August 3, 2020, RENEW Energy Partners announced a partnership with private investment funds managed by Ares Infrastructure and Power to acquire energy efficiency and distributed power generation projects. This investment aims to enhance RENEW's 'energy-efficiency-as-a-service' offerings, which include retrofits for lighting and building automation, providing immediate cost savings and environmental benefits. Ares supports these projects, highlighting energy efficiency's importance in reducing greenhouse gas emissions and meeting sustainability targets. The collaboration adds to Ares' extensive climate infrastructure investments, totaling over $2.5 billion.
Valet Living has expanded its service offerings into Orlando, enhancing its portfolio to cover 100,000 homes nationwide. This growth establishes Valet Living as the fastest-growing full-service amenities provider in the multifamily sector. The Valet Living Home mobile app grants residents access to various services, supporting an 11% increase in resident retention. CEO Shawn Handrahan expressed excitement over the new offerings, which aim to simplify residents' lives. This expansion follows Valet Living's acquisition of Skinner Waste Solutions, highlighting its ongoing growth strategy.
Valet Living, a leading full-service provider to the multifamily housing industry, has acquired Extreme Waste Concepts, a Midland-Odessa-based local business specializing in doorstep trash collection. This acquisition, announced on July 21, 2020, enhances Valet Living's service offerings across the U.S., benefiting approximately 1.5 million apartment homes. CEO Shawn Handrahan emphasized the company's growth amidst the pandemic, and co-owner Bridget Cress expressed confidence in Valet Living's ability to maintain client service quality post-acquisition.
Valet Living, a leading provider of amenities to the multifamily housing sector, has acquired Value Waste Services, enhancing its footprint in Texas by adding over 23,000 homes to its existing portfolio of more than 1.5 million homes. This acquisition complements Valet Living's growth strategy following the recent purchase of Skinner Waste Solutions. The integration of Value Waste Services' doorstep trash and recycling solutions aligns with Valet Living’s commitment to excellent client care and innovative technology.
Valet Living has acquired Skinner Waste Solutions, expanding its portfolio by over 30,000 homes. This acquisition enhances Valet Living's service offerings in the southeast, including doorstep trash and recycling services. Skinner Waste Solutions has established a strong presence in Florida, Georgia, and Alabama since its founding in 2014. The deal aims to strengthen Valet Living's reputation in the multifamily housing industry, with plans to retain all 100+ Skinner employees.
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