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) regularly features in financial and corporate news as a global alternative investment manager active across credit, real estate, private equity and infrastructure. Its press releases and related announcements highlight fundraising activity, new strategies, portfolio company developments and partnerships that reflect how Ares deploys capital and expands its platform.
Recent news includes the closing of a large capital raise for the Ares Credit Secondaries strategy, which the company describes as focused on constructing diversified portfolios of private credit exposures through secondary transactions. Other items showcase Ares Infrastructure Opportunities funds partnering with ENGIE North America on U.S. solar and wind assets, and Ares Real Assets funds completing data center transactions in Northern Virginia through the Ares Digital Infrastructure business and its Ada Infrastructure platform.
Additional coverage shows Ares-affiliated funds supporting portfolio companies and platforms in sectors such as tax services, industrial automation, veterinary services and equipment finance. Examples include Ares Private Equity Funds participating as long-term partners in Ryan, LLC and Automated Industrial Robotics Inc., and Ares Alternative Credit funds being affiliated with Ansley Park Capital, an equipment finance platform. These stories illustrate how Ares’ investment strategies translate into transactions and corporate milestones across different industries.
This news page aggregates such updates for ARES, including earnings announcements, capital markets activity, fund launches, partnerships and portfolio-level developments mentioned in company communications. Investors and observers can use this feed to follow how Ares Management Corporation describes the evolution of its alternative investment platform and the activities of its related funds and portfolio companies over time.
Ares Management (NYSE: ARES) has promoted Kevin Alexander to Co-Head of Alternative Credit, joining current Co-Heads Keith Ashton and Joel Holsinger. Alexander, who joined Ares in 2019, has been instrumental in the strategy's investment origination and structuring efforts. He brings over 27 years of industry experience, including 20 years at Natixis CIB Americas where he served as Deputy CEO.
The Alternative Credit strategy at Ares is a major player in asset-based credit with $43.1 billion in assets under management as of September 30, 2024. The team focuses on investments across various sectors including specialty finance, lender finance, equipment leasing, structured products, and net lease. The strategy includes the Pathfinder family of funds, where portfolio managers commit to donate a portion of performance fees to global health and education charities.
Ares Management (ARES) has announced it will release its financial results for the fourth quarter and full year 2024 on Wednesday, February 5, 2025, before the NYSE opening. The company will host a conference call and webcast at 10:00 a.m. Eastern Time on the same day to discuss the results.
Investors can join via phone or webcast through the company's website. Domestic callers should dial +1 (800) 343-5172, while international callers can use +1 (203) 518-9856, referencing conference ID ARESQ424. Participants are advised to dial in 10-15 minutes early. An archived replay will be available until March 5, 2025, accessible via phone and website.
Ares Management (NYSE: ARES) has secured over $2.3 billion in equity commitments to support Aspida Holdings , a life insurance and annuity company. Combined with a recent $700 million credit facilities offering, total capital raised exceeds $3 billion.
Aspida has grown to over $19 billion in total assets as of September 30, 2024, leveraging its technology platform for annuity and reinsurance clients. The company maintains an open architecture sub-advisor selection, with Ares Insurance Solutions (AIS) managing its assets. The portfolio is over 90% investment grade and matched to liabilities.
The funding aims to capitalize on increasing retirement solution demands driven by increased life expectancy, rising healthcare costs, and elevated expenses. Aspida's platform combines spread-based business model and digital capabilities with AIS's asset origination and investment expertise.
Ares Capital (ARCC) has priced a $1 billion public offering of unsecured notes with a 5.800% interest rate, maturing on March 8, 2032. The notes can be redeemed at any time at par plus a make-whole premium. The offering, led by multiple joint book-running managers including BofA Securities, J.P. Morgan Securities, and SMBC Nikko Securities, is expected to close on January 8, 2025.
The company plans to use the net proceeds to repay existing debt facilities, with the option to reborrow for general corporate purposes, including portfolio company investments. The offering is subject to customary closing conditions and is being made through a prospectus supplement and accompanying prospectus filed with the SEC.
Ares Management (NYSE:ARES) has launched the Ares Private Markets Fund (AUT) in Australia, providing wholesale clients access to their private equity secondaries strategy through APMF. The fund, which has grown to approximately A$3 billion in AUM since its 2022 launch, focuses on private equity fund stakes in North America and Europe.
The expansion builds on Ares' success in the Australia/New Zealand region, where they have raised over A$1.5 billion since 2020 through their credit strategies products. The APMF offers quarterly liquidity and enhanced transparency, leveraging the Ares Secondaries Group's 30+ years of experience in managing secondary investments.
Ares Management has announced that Michael Arougheti, the company's Co-Founder, CEO and President, will deliver a presentation at the Goldman Sachs Financial Services Conference on Wednesday, December 11, 2024, at 9:20am ET.
The presentation will be accessible through a live audio webcast in the Investor Resources section of Ares' website. For those who cannot attend the live broadcast, a replay will be made available on the company's website after the event.
Ares Management (NYSE:ARES) reported significant direct lending activity in Q3 2024, closing $12.3 billion in U.S. direct lending commitments across 86 transactions. The company achieved a record $44.5 billion in commitments across 328 transactions for the 12 months ended September 30, 2024. Notable Q3 transactions included supporting major acquisitions and growth plans across various sectors, including technology, insurance, education, and logistics. Ares served in key roles such as lead arranger, administrative agent, and bookrunner for multiple senior secured credit facilities.
Ares Management (NYSE:ARES) reported strong Q3 2024 results with GAAP net income of $118.5 million and earnings per share of $0.55. The company achieved after-tax realized income of $316.0 million ($0.95 per share) and fee-related earnings of $339.3 million. With over $64 billion in fundraising year-to-date, Ares expects 2024 to be a record year with gross commitments reaching mid-$80 billion range. Third quarter deployment reached nearly $30 billion. The company declared a quarterly dividend of $0.93 per share of Class A stock, payable December 31, 2024.
Ares Capital (NASDAQ: ARCC) announced key leadership changes. Jim Miller was appointed as Co-President alongside Kort Schnabel. The Board of Directors expanded with Mitch Goldstein joining as a new member. Goldstein and Michael L. Smith were appointed as Co-Chairmen of the Board, replacing Michael Arougheti, who remains as Director. Kipp deVeer continues as Director and CEO. Miller, who joined Ares in 2006, serves as Co-Head of U.S. Direct Lending strategy and co-leads the Sports, Media and Entertainment strategy.
Ares Capital (ARCC) announced its Q3 2024 financial results and declared a Q4 2024 dividend of $0.48 per share. The company reported Q3 GAAP net income of $0.62 per share, down from $0.89 in Q3 2023, and Core EPS of $0.58. Portfolio investments at fair value increased to $25.9 billion from $22.9 billion in December 2023. During Q3, ARCC made new investment commitments of $3.9 billion, with 93% in first lien senior secured loans. The company maintained strong credit performance with loans on non-accrual status at 1.3% of total investments at amortized cost.