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Ares Management Corporation - ARES STOCK NEWS

Welcome to our dedicated page for Ares Management Corporation news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management Corporation stock.

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.

News

Ares Management Special Opportunities Team to Join its Global Credit Group

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Ares Management Corporation (ARES) announced the integration of its Special Opportunities strategy into the Credit Group, forming the Opportunistic Credit team. This move aims to enhance collaboration, leverage the firm's global Credit platform, and provide flexible debt and equity solutions to companies. Co-Heads Aaron Rosen and Craig Snyder will lead the team, focusing on creative financing for middle market companies. The strategy's integration is expected to optimize origination capabilities, sponsor relationships, and underwriting practices. As of December 31, 2023, the Ares Credit Group managed approximately $300 billion in assets with 490 investment professionals.
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Ares Management Corporation to Present at the BofA Securities Financial Services Conference 2024

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Ares Management Corporation's CEO, Michael Arougheti, will present at the BofA Securities Banking and Financials Conference on February 22, 2024. The presentation will be available via live audio webcast on the company's website.
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Interstate Waste Services Announces Acquisition of Oak Ridge Waste & Recycling

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Interstate Waste Services, Inc. announces the acquisition of Oak Ridge Waste & Recycling to expand its waste collection and recycling services in the tristate area. The acquisition follows IWS's subsidiary, Action Environmental, being selected as an authorized waste hauler in NYC, positioning IWS for significant growth. The deal is expected to close by Q1 2024.
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Ares Management Corporation Announces U.S. Direct Lending Origination Activity

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Ares Management Corporation announced that funds managed by its Credit Group closed approximately $10.1 billion in U.S. direct lending commitments in the fourth quarter of 2023 and approximately $22.4 billion in direct lending commitments in the year ended December 31, 2023. The company served as the administrative agent, lead arranger, and bookrunner for various senior secured credit facilities to support acquisitions and continued growth plans of multiple companies across different sectors.
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Ares Management Corporation Reports Fourth Quarter and Full Year 2023 Results

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Ares Management Corporation (NYSE:ARES) reported strong financial results for Q4 and FY 2023, with GAAP net income of $174.0 million and $474.3 million, respectively. After-tax realized income was $400.4 million and $1,185.7 million, respectively. Fee related earnings were $368.7 million and $1,163.7 million, respectively. The company raised $21 billion in Q4 and over $74 billion for the year, with a record level of available capital of $111 billion.
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Ares Capital Corporation Announces December 31, 2023 Financial Results and Declares First Quarter 2024 Dividend of $0.48 Per Share

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Ares Capital Corporation (ARCC) declared a first quarter 2024 dividend of $0.48 per share, payable on March 29, 2024. The company's Q4-23 financial results show GAAP net income per share of $0.72, with a total amount of $413 million, and a debt/equity ratio of 1.07x. Ares Capital also strengthened its liquidity by raising $1.3 billion of unsecured notes on market-leading terms.
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Ares Management Appoints Julie Solomon as Co-Head of Real Estate

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Ares Management Corporation (NYSE: ARES) announced the promotion of Julie Solomon to Co-Head of Real Estate alongside Bill Benjamin. Ms. Solomon has been instrumental in driving growth and integration of the team’s portfolio management function, data and analytics infrastructure, and fundraising efforts. The Ares Real Estate team oversees approximately $49 billion of assets under management and has more than 250 investment professionals across sixteen local offices in core markets in the U.S. and Europe.
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Ares Management Launches Automated Industrial Robotics Inc.

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Ares Private Equity Fund has invested in Automated Industrial Robotics Inc. (AIR) to support its growth strategy. AIR has acquired TA Systems and Modular Automation, focusing on delivering innovative, cost-competitive solutions to address the complex needs of global businesses. The companies bring a strong cultural and technological alignment, deep industry vertical knowledge, and experience. Ares believes that AIR is well-positioned to build a competitive global platform through strategic acquisitions and organic growth.
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Sunbit Closes $310M Debt Warehouse Facility with Citi and Ares Management

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Sunbit, a financial technology company, secured a $310 million debt warehouse facility to support growing consumer demand for its Buy Now, Pay Later solution and Sunbit Card. The facility was led by Citi and Ares Management Credit funds. The company has achieved rapid growth, serving over 2.6 million loan customers with over $1 billion in merchant transaction volume. Sunbit is the leader in BNPL financing in the automotive services sector, serving customers of approximately 40% of the franchise dealerships in the U.S. and is one of the fastest-growing companies serving the dental market. The no-fee Sunbit Card was used for nearly $340 million in purchases by over 110,000 consumers in 12 months. The company has a strong focus on offering inclusive and personalized financing choices, with an average 90% approval rate and no fees charged. Sunbit's financial performance and strong underwriting led to the facility from Citi and Ares, despite ongoing macro headwinds and caution prevalent in the capital markets.
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Artivion Obtains $350 Million in Senior Secured Credit Facilities

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Artivion, Inc. (NYSE: AORT) has closed a $350 million non-dilutive credit agreement with Ares Management Credit funds, consisting of senior secured, interest-only credit facilities with 6-year maturities. The agreement includes an initial $190 million term loan, a $60 million revolving credit facility, and an additional $100 million in unfunded delayed draw term loan commitments. The company plans to use the funds to address debt maturities and optimize its capital structure. The agreement reflects the company's confidence in its business outlook and aims to deliver significant shareholder value.
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FAQ

What is the current stock price of Ares Management Corporation (ARES)?

The current stock price of Ares Management Corporation (ARES) is $167.21 as of November 15, 2024.

What is the market cap of Ares Management Corporation (ARES)?

The market cap of Ares Management Corporation (ARES) is approximately 33.9B.

What is Ares Management Corporation?

Ares Management Corporation is a global alternative investment manager offering solutions across credit, private equity, real estate, and infrastructure.

What is the primary focus of Ares' Credit Group?

The Credit Group focuses on managing credit strategies across liquid and illiquid markets, including leveraged loans and private credit opportunities.

How many assets does Ares Management Corporation manage?

As of December 31, 2023, Ares manages approximately $428 billion in assets.

What are the key business segments of Ares?

Ares operates through four key segments: Credit Group, Private Equity Group, Real Assets Group, and Secondaries Group.

Can you provide examples of recent investments by Ares?

Recent investments include Aptean in enterprise software, Artivion in medical devices, and Vantage Data Centers in digital infrastructure.

How does Ares collaborate across its investment groups?

Ares collaborates across its investment groups to generate consistent and attractive returns, leveraging synergies for better performance.

What is the investment philosophy of Ares?

Ares follows a disciplined investment philosophy aimed at delivering strong risk-adjusted returns throughout market cycles.

How does Ares contribute to environmental sustainability?

Ares supports environmental sustainability through investments like Vantage Data Centers, which aims to achieve net zero carbon emissions by 2030.

Where can I find more information about Ares Management Corporation?

For more information, visit their official website at www.aresmgmt.com.

How does Ares support businesses and stakeholders?

Ares provides flexible capital to support businesses, aiming to create value for stakeholders and contribute to community development.

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Ares Management Corporation

NYSE:ARES

ARES Rankings

#373 Ranked by Market Cap
#1302 Ranked by Dividends

ARES Stock Data

33.89B
198.39M
13.8%
83.18%
1.87%
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