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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 Corporation Reports Third Quarter 2023 Results

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Ares Management Corporation reported its financial results for Q3 2023, with GAAP net income of $61.8 million and after-tax realized income of $261.1 million. Fee related earnings were $274.2 million. The company declared a quarterly dividend of $0.77 per share and has a Dividend Reinvestment Program. Ares had its second highest ever quarter of fundraising with gross new commitments totaling nearly $22 billion.
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Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit

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Ares Management Corporation has announced the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. at $6.6 billion in commitments. The Fund was oversubscribed and closed at its hard cap, exceeding its $5 billion target. The predecessor fund had total commitments of $3.7 billion. The Ares Alternative Credit strategy manages approximately $27.8 billion in assets under management. The Pathfinder family of funds has raised approximately $15 billion in LP commitments with a charitable tie-in.
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Littlejohn & Co. Welcomes Ares as Significant Investor in Interstate Waste Services

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Interstate Waste Services announces that funds managed by Ares Management Corporation will acquire a significant equity stake in the company. IWS also completes a debt recapitalization with a new first-lien term loan. Terms of the transactions were not disclosed.
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Ares Capital Corporation Announces September 30, 2023 Financial Results and Declares Fourth Quarter 2023 Dividend of $0.48 Per Share

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Ares Capital Corporation has declared a fourth quarter 2023 dividend of $0.48 per share, payable on December 28, 2023. The company also announced its financial results for Q3-23, with GAAP net income per share of $0.89 and core EPS of $0.59. Total assets as of September 30, 2023, were $22,920 million.
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Ares Management Launches Ares European Strategic Income Fund to Expand its Offering to Global Wealth Channel

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Ares Wealth Management Solutions launches AESIF, a new direct lending fund providing access to Ares' European direct lending strategy for individual investors in Europe and Asia.
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Ares Management Corporation and Vinci Partners Announce Strategic Partnership and Investment

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Ares and Vinci Partners form strategic partnership to accelerate growth in Latin America
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Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2023

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Ares Management Corporation will report Q3 2023 earnings on October 31, 2023. Webcast/conference call at 11:00 a.m. ET. Archived replay available until November 28, 2023.
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Ares Management Corporation to Present at the BofA Securities 28th Annual Financials CEO Conference

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Ares Management CEO to present at BofA Securities conference
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X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination

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Ares Management increases total commitment to $80 million with $50 million PIPE investment in X-energy. X-energy's pre-money equity value revised to $1.05 billion. Additional capital expected to deliver approximately $534 million to the combined company. Revised valuation provides an attractive entry point for investors.
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Virgin Voyages Announces $550 Million in Funding Led by Ares Management to Further Accelerate Growth

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Virgin Voyages closes $550 million capital raise, names Nirmal Saverimuttu as CEO
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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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