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), a global leader in alternative asset management, provides investors with timely updates through this centralized news hub. Track official announcements, strategic developments, and market-moving insights across the company's credit, private equity, and real estate investment activities.
This resource delivers essential information for monitoring ARES' operational milestones, including earnings reports, fundraising initiatives, and strategic partnerships. Users gain access to verified updates on regulatory filings, leadership changes, and portfolio company developments within the $325+ billion asset manager's ecosystem.
Key coverage areas include innovations in credit strategies, real asset acquisitions, and global market expansions. The curated news feed supports informed analysis of ARES' performance across its integrated investment groups while maintaining strict adherence to factual reporting standards.
Bookmark this page for streamlined access to Ares Management's evolving narrative. Combine these updates with fundamental analysis tools to assess the company's position in alternative investment markets.
Ares Private Markets Fund has appointed Barry Miller as Chief Executive Officer effective August 11, 2022. With 24 years in private equity and secondary investing, Miller aims to broaden individual investors' access to alternative investment solutions. Ares' global platform manages approximately $334 billion in assets as of June 30, 2022, focusing on diversified private equity fund stakes in the U.S. and Europe. The Fund is distributed through Ares Wealth Management Solutions and aims to generate risk-adjusted returns for investors.
Atlas Crane Service has announced that a fund managed by Ares Management has acquired a controlling interest in the company. Founded in 2009, Atlas specializes in crane rental services for the wind industry and boasts a customer base of over 250. Ares' investment is expected to accelerate Atlas' growth and enhance its capabilities in the renewable sector, particularly in wind energy. The management team will remain intact, focusing on geographic expansion and superior service delivery, while leveraging Ares' resources for strategic growth.
Ares Capital Corporation (NASDAQ: ARCC) has announced a public offering of 8,000,000 shares of common stock, with an option for underwriters to purchase an additional 1,200,000 shares. The offering will utilize the company's shelf registration statement filed with the SEC on June 3, 2021. Proceeds from the offering are intended to repay certain outstanding debts, with potential reborrowing for general corporate purposes. Investors should review the preliminary prospectus and accompanying prospectus for comprehensive details on investment objectives and associated risks.
Ares Management Corporation (NYSE: ARES) reported approximately $5.9 billion in U.S. direct lending commitments across 58 transactions for Q2 2022, compared to $9.0 billion in the same quarter last year. In the last twelve months, Ares closed approximately $31.8 billion in commitments across 259 transactions, down from $21.8 billion a year prior. Additionally, Ares acquired a portfolio of $2.4 billion in middle market loans during Q2 2022.
Ares Management Corporation (NYSE: ARES) reported its second-quarter financial results for the period ending June 30, 2022. The company recorded a GAAP net income of
Marriott International has begun construction on the Gaylord Pacific Resort and Convention Center in Chula Vista, California. This $1.275 billion project will feature 1,600 hotel rooms, numerous dining options, a large convention center, and recreational facilities, with an expected opening in summer 2025. The construction is projected to create over 10,000 jobs temporarily and 4,000 permanent jobs. The project is anticipated to have an economic impact of more than $14 billion for California, highlighting a significant public-private partnership.
Ares Capital Corporation (NASDAQ: ARCC) declared a third-quarter dividend of $0.43 per share, payable on September 30, 2022. This follows a previously declared $0.03 additional dividend. For Q2 2022, Ares reported a core EPS of $0.46, down from $0.53 in Q2 2021. GAAP net income per share also decreased to $0.22 compared to $1.09 year-over-year. Total portfolio investments rose to $21.17 billion, while GAAP net income dropped to $111 million. The debt/equity ratio stood at 1.27x, indicating stable leverage. Ares anticipates increased earnings from rising interest rates.
US Heart & Vascular (USHV) has announced a partnership with Willowbrook Cardiovascular Associates, enhancing its position in Houston and aiming for national expansion. USHV, supported by Ares Management, focuses on improving cardiovascular care through relationships with physician practices. This partnership is expected to enhance care delivery and aims to affiliate with more quality practices across the U.S. Financial terms were undisclosed, with the transaction set to close in Q3 2022, pending customary conditions.
Ares Capital Corporation (NASDAQ: ARCC) will report its second-quarter earnings for the period ending June 30, 2022, on July 26, 2022, before the market opens. A conference call will follow at 12:00 p.m. ET to discuss the financial results. Interested participants can join via telephone or a live webcast, accessible through Ares Capital’s website. The earnings announcement will reflect the company's ongoing focus on investing in private middle-market firms and aims to provide insights into its financial performance.
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