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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.
AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) for Aspida Life Insurance Company and Aspida Life Re , collectively known as Aspida Group. Both ratings have a stable outlook, reflecting the group's very strong balance sheet, adequate operating performance, and effective enterprise risk management. Significant support from Ares Management and third-party investors is expected to help Aspida Group execute its growth strategies in reinsurance and retail sectors. AM Best anticipates positive operating trends and maintained capital strength with increasing returns on capital over the near to medium term.
RSK Group announced a £500 million preferred equity investment from a consortium led by Searchlight Capital Partners and Ares Management funds. An additional £300 million debt facility from Ares brings their total available debt facilities to £1.4 billion. This investment will support RSK's 2030 Global Strategy, including organic growth and acquisitions. Founded in 1989, RSK provides environmental consulting and engineering solutions across various sectors. The new partnership aims to strengthen RSK's position as a global leader in sustainability solutions. CEO Alan Ryder and representatives from Searchlight and Ares expressed their enthusiasm for the strategic partnership and its potential to drive long-term growth and sustainability initiatives.
Ares Management (NYSE: ARES) has announced the pricing of its public offering of 2,650,000 shares of Class A common stock at $134.75 per share.
The company has also granted the underwriters an option to purchase an additional 397,500 shares. The offering is expected to close on or around June 14, 2024, pending customary closing conditions.
Ares plans to use the proceeds for general corporate purposes including debt repayment, strategic acquisitions, and growth initiatives. A registration statement has been filed with the SEC and is effective.
The offering will be conducted via a prospectus, available on the SEC's website or by contacting Morgan Stanley.
Ares Management (NYSE: ARES) has announced an underwritten public offering of 2,650,000 shares of Class A common stock. The company has also granted the underwriters an option to purchase an additional 397,500 shares. The net proceeds from this offering will be used for general corporate purposes, including debt repayment, strategic acquisitions, and growth initiatives. The offering is being managed by Morgan Stanley, BofA Securities, J.P. Morgan, RBC Capital Markets, and Wells Fargo Securities. A registration statement has been filed with the SEC and is effective. The offering will be made via a preliminary prospectus supplement and accompanying prospectus, both of which can be accessed through the SEC's website.
Ares Management (NYSE: ARES) announced that Chief Financial Officer Jarrod Phillips will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 11, 2024, at 10:15 am ET.
The presentation will be available via a live audio webcast on the Ares Investor Resources webpage, with a replay accessible later. This presence at a significant financial conference highlights Ares' strategic outreach and engagement with key industry stakeholders.
Ares Management (NYSE:ARES) announced that CFO Jarrod Phillips will present at the TD Financial Services & Fintech Summit on June 6, 2024, at 3:40pm ET.
The presentation will be accessible via a live audio webcast on the company's Investor Resources webpage, with a replay available afterward.
This event provides an opportunity for Ares to showcase its financial strategies and innovations in the fintech sector, potentially influencing investor perception and stock performance.
Ares Management (NYSE:ARES) announced that its CEO and President, Michael Arougheti, will present at Bernstein's 40th Annual Strategic Decisions Conference on May 29, 2024, at 2:30 pm ET.
The presentation will be available via a live audio webcast in the Investor Resources section of the company's website.
A replay will also be accessible on the website for those unable to attend the live webcast.
Ares Management, CDPQ, and Schroders Capital have announced a EUR 750 million financing agreement to support the expansion of Vantage Data Centers' EMEA platform. Ares and CDPQ will each provide up to EUR 300 million, while Schroders Capital contributes EUR 150 million. The funds will enhance Vantage's portfolio of 14 hyperscale data center campuses in Europe and South Africa, aiming to deliver 751MW of IT capacity upon full development. The investment aligns with the growing demand for digital infrastructure driven by AI and cloud computing. Vantage is committed to achieving net zero carbon emissions by 2030.
Ares Management (NYSE:ARES) will host an Investor Day on May 21, 2024, providing updates on the firm's businesses, growth strategy, and outlook. The event will be streamed live, starting at 8:00 a.m. Eastern Time.
Bixby Land Company closed its Bixby Industrial Fund I, offering existing investors liquidity and extending duration for a portfolio of industrial properties in California, Arizona, and Georgia. The fund, with equity investors like Vintage Strategies at Goldman Sachs Alternatives and Ares Management Real Estate Secondaries fund, aims for value-add returns over a 5-7 year horizon.
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