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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 Real Estate, a subsidiary of Ares Management , announced the acquisition of a hotel portfolio from Landsec in the UK. The portfolio includes 18 hotels with 3,028 rooms, concentrated in London and other major UK cities, purchased for £400 million. Ares plans to enhance the value of the properties through asset management initiatives, including refurbishment and energy efficiency improvements.
CION Ares Diversified Credit Fund, a joint venture between CION Investments and Ares Management , has surpassed $5 billion in total assets under management. The Fund offers investors direct access to alternative credit opportunities, providing income, stability, and lower portfolio volatility through diversification. CADC invests in a mix of illiquid and liquid credit investments, aiming for superior risk-adjusted returns. The Fund is distributed through various channels, catering to individual investors seeking alternative investment options.
Ares Capital (ARCC) has priced a public offering of $850 million 5.950% unsecured notes due 2029. The notes mature on July 15, 2029, with options for redemption. Various institutions are involved in managing the offering. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in portfolio companies.
Ares Management (NYSE:ARES) announced closing approximately $9.3 billion in U.S. direct lending commitments in Q1 2024 and $29.6 billion in the 12 months ended March 31, 2024. Notable transactions include support for Aptean, Ardonagh Group, Artivion, Banyan Software Holdings, BMI, Clarience Technologies, CSI, ENTRUST Solutions Group, Equinox Holdings, Nelipak Healthcare Packaging, Premise Health, and The Ultimus Group.
Ares Management (NYSE:ARES) reported strong financial results for the first quarter ended March 31, 2024. The GAAP net income was $73.0 million, with a per share income of $0.33. Fee related earnings were $301.7 million, showing significant growth in assets under management and fundraising. The company declared a quarterly dividend of $0.93 per share. Ares has a Dividend Reinvestment Program for its Class A common stockholders. An earnings presentation and conference call are scheduled to discuss the results.
Ares Capital announced its Q1 2024 financial results with a dividend of $0.48 per share for Q2 2024. The company reported a strong start to the year with increased earnings, low non-accruals, and moderate leverage. Ares Capital made $3.6 billion in new investment commitments in Q1 2024 and continues to support growth in existing portfolio companies. The company remains well-positioned with available capital and competitive advantages.
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