Welcome to our dedicated page for Ares Management news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management stock.
Ares Management Corporation reports developments across its global alternative investment management platform, including credit, real estate, private equity and infrastructure strategies. Company news commonly covers quarterly results, fee and performance income, fundraising, fund closings, direct lending origination activity and dividend declarations on its common stock.
Updates also track Ares Credit funds, Ares Commercial Finance, value-add real estate vehicles, Asia credit and special situations strategies, and sub-advised credit products. Recurring themes include capital deployment, senior secured financing commitments, fundraising across asset classes, global platform expansion and operating leadership changes.
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.
Ares Management Corporation (NYSE: ARES) announces leadership changes with Dwight Merriman appointed Chair of Ares Industrial Management (AIM) and Co-Chair of the Board of Ares Industrial Real Estate Income Trust (AIREIT). Dave Fazekas takes over Merriman's previous role as Head of AIM and becomes Co-President of AIREIT. Merriman, instrumental in building AIM, aims to expand industrial capabilities amid positive market trends. As of December 31, 2022, Ares has approximately $352.0 billion in assets under management, with Ares Real Estate overseeing $51.2 billion.
Ares Management Corporation (NYSE: ARES) has announced that its CEO and President, Michael Arougheti, will present at the BofA Securities Financial Services Conference on February 16, 2023, at 9:40 am ET. Investors can listen to the live audio webcast on the company's website. A replay will be available after the event. As of December 31, 2022, Ares has approximately $352 billion in assets under management and operates globally with over 2,500 employees. The company provides diverse investment solutions in credit, private equity, real estate, and infrastructure.
Ares Capital Corporation (NASDAQ:ARCC) announces that CEO Kipp deVeer will present at the BofA Securities 2023 Financial Services Conference on February 15, 2023, at 3:20 pm ET. A live audio webcast will be available on the company's website, with a replay accessible afterward.
Founded in 2004, Ares Capital specializes in providing direct loans and investments to middle-market companies in the U.S., aiming to drive economic growth. As the largest publicly traded business development company by market capitalization as of December 31, 2022, Ares Capital focuses on senior secured loans and equity investments, managed by Ares Management Corporation.
Ares Management Corporation (NYSE: ARES) announced that CFO Jarrod Phillips will present at the Credit Suisse 24th Annual Financial Services Forum on February 14, 2022, at 12:45 PM ET. A live audio webcast will be available on the Company’s website, with a replay accessible shortly after the event. As of December 31, 2022, Ares managed approximately $352 billion in assets across various investment solutions, employing over 2,550 personnel globally across North America, Europe, Asia Pacific, and the Middle East.
Ares Management Corporation (NYSE: ARES) reported substantial growth in direct lending commitments, closing approximately $8.3 billion in Q4 2022 and $26.4 billion for the year ending December 31, 2022. Over 50 transactions were completed in the fourth quarter alone. Key transactions included facilitating credit facilities for notable acquisitions such as Avalara by Vista Equity Partners and Zendesk by Permira Advisors and Hellman & Friedman. As of December 31, 2022, Ares managed about $352 billion in assets globally, showcasing a robust investment landscape amidst diverse market cycles.
Ares Management Corporation (NYSE: ARES) reported its financial results for Q4 and full year 2022, showing strong growth across key metrics despite market volatility. GAAP net income was $117.5 million for Q4 and $167.5 million for the year, with earnings per share at $0.64 and $0.87, respectively. After-tax realized income reached $388.7 million in Q4 and $1,061.7 million for the year, representing 30% year-over-year growth. The company raised $57 billion in new capital and maintains $85 billion available for investment. A quarterly dividend of $0.77 per share was declared, payable March 31, 2023.
Ares Capital Corporation (NASDAQ: ARCC) has declared a first quarter 2023 dividend of $0.48 per share, payable on March 31, 2023. For the fourth quarter of 2022, Ares reported a core EPS of $0.63 and GAAP net income per share of $0.34, down from $0.83 in Q4-21. The company's total assets grew to $22.4 billion, with a portfolio at fair value of $21.8 billion. Ares Capital made new investment commitments of $2.5 billion in Q4-22, focusing 61% on first lien senior secured loans. The firm ended the year with $303 million in cash and a debt/equity ratio of 1.29, indicating stable financial health.