Ares Management Corporation Stock Price, News & Analysis

CION Ares Management LLC announced an increase in the distribution rate for its CION Ares Diversified Credit Fund (CADC) effective April 1, 2023. The Class I share class distribution rate rose to 8.30% on NAV, reflecting a 45% increase since January 2022. The Fund focuses on floating rate credit investments, benefiting from higher rates. CION co-CEO Mark Gatto emphasized the Fund's flexible management approach aimed at providing value in all market conditions and meeting income needs for investors. CADC invests in both liquid and illiquid credit investments, leveraging Ares' extensive resources.

Ares Capital Corporation (NASDAQ: ARCC) will report its first quarter earnings for the period ending March 31, 2023, on April 25, 2023, before the Nasdaq market opens. A conference call will occur at 11:00 a.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast available on Ares Capital's Investor Resources section. The company, founded in 2004, focuses on direct loans and investments in private middle market companies in the U.S. It is the largest publicly traded business development company (BDC) by market capitalization as of March 31, 2023.

Ares Management Corporation (NYSE: ARES) announced that it will report its first-quarter earnings for 2023 on April 28, 2023, before the market opens. A webcast/conference call will take place at 11:00 a.m. Eastern Time the same day to discuss these financial results. Interested parties can join via telephone or through a live webcast. Ares Management is a global alternative investment manager with approximately $352 billion in assets under management as of December 31, 2022. The company operates across various asset classes and aims to generate attractive investment returns for its stakeholders.

Ares Management Corporation (NYSE: ARES) and Mubadala Investment Company have formed a joint venture focusing on global credit secondaries opportunities with an initial investment of approximately $1 billion. This partnership aims to enhance liquidity solutions in the credit secondaries market, which is anticipated to grow significantly. Ares, managing about $214 billion in credit assets and $22 billion in secondaries assets as of December 31, 2022, aims to leverage its extensive experience and Mubadala's global reach. The joint venture is expected to address the supply-demand imbalance in credit secondaries transactions and capitalize on increased market opportunities.

WHP Global announced a $375 million equity investment from Ares Management, valuing the company at $1.6 billion. This funding aims to enhance WHP Global's growth and brand acquisition strategy, building on its rapid expansion since its founding in 2019. WHP Global's brand portfolio generates over $6.5 billion in global retail sales, featuring notable brands like Express and Toys"R"Us. Ares intends to leverage its expertise to further develop WHP Global, with key personnel joining the board. The investment adds significant cash to WHP's balance sheet for future acquisitions.

CION Investments, in collaboration with Ares Management Corporation, has announced an increase in distribution rates for the CION Ares Diversified Credit Fund (CADC), effective April 1, 2023. The annualized distribution rate for Class I shares will rise to 8.25%, reflecting a 15% hike from previous rates. This marks the fourth increase in distribution rates within the past year, highlighting the Fund's robust income generation capabilities. Additionally, CADC has priced $150 million in preferred shares, intended for investments and corporate purposes. The Fund employs a dynamic asset allocation strategy, enhancing its market adaptability.

Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel will present at the 2023 RBC Capital Markets Global Financial Institutions Conference on March 8, 2023, at 2:40 PM ET. Investors can access a live audio webcast of the presentation on the company's website, with a replay available shortly after. Ares Capital, established in 2004, focuses on providing loans and investments to private middle-market companies in the U.S., aiming to generate attractive income and capital appreciation for investors. It is the largest publicly traded business development company (BDC) by market capitalization as of December 31, 2022.

Ares Capital Corporation (NASDAQ:ARCC) announced that Co-President Kort Schnabel and CFO Penni Roll will present at the Raymond James 44th Annual Institutional Investors Conference on March 7, 2023, at 10:25 AM ET. Investors can access a live audio webcast in the Investor Resources section of Ares Capital's website, with a replay available shortly after the event. Founded in 2004, Ares Capital is a leading specialty finance company focused on direct loans and investments in U.S. private middle market companies, aiming to generate attractive income and potential capital appreciation for investors.

Ares Management Corporation (NYSE: ARES) has announced a strategic partnership with BlueCove Limited, a London-based scientific fixed income manager. Ares will acquire a minority equity stake in BlueCove, with an option for future control. The transaction, which is subject to regulatory approvals, is expected to close in Q2 or Q3 2023. BlueCove specializes in scientific fixed income investing, aiming to provide innovative investment solutions. With $1.8 billion in assets under management, BlueCove seeks to leverage Ares' expertise to enhance its market leadership and broaden its global reach in the investment sector.