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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.
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.
Ares Management Corporation announced that CEO Michael Arougheti and CFO Michael McFerran will present at the BofA Securities Future of Financials Conference on November 9, 2020, at 10:30 am ET. A live audio webcast of the presentation will be accessible on the Company’s website, www.aresmgmt.com. Ares Management, listed on NYSE under the symbol ARES, manages approximately $179 billion in assets across Credit, Private Equity, Real Estate, and Strategic Initiatives as of September 30, 2020. The firm operates globally with over 1,400 employees.
Valet Living is providing a year of free amenity services to nominated veterans and military members in San Antonio through its Valet Giving Heroes program. This initiative supports veterans with services like home cleans and pet visits, reflecting Valet Living's commitment to the military community. The program has seen an increase in nominations and aims to alleviate household chore fatigue, which affects many military members. Valet Living, backed by Ares Management, serves over 1.6 million apartment homes nationwide.
Ares Management Corporation (NYSE: ARES) announced significant financing commitments, closing approximately $2.0 billion across 31 transactions in Q3 and $6.4 billion across 95 transactions year-to-date. Key deals include senior secured credit facilities supporting investments in companies like American Technologies, Inc. and EP Wealth Advisors. Ares continues to enhance its presence across various sectors including disaster recovery, financial services, and renewable energy, reflecting its robust investment strategy and commitment to growth.
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.
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