Ares Management Corporation Stock Price, News & Analysis

Ares Management Corporation has achieved final closings for its Ares Senior Direct Lending Fund II (SDL II) and Ares Private Credit Solutions II (PCS II), collectively raising over $19 billion. SDL II, with equity commitments of approximately $8 billion, exceeded its $4.5 billion target and is more than 2.6x larger than its predecessor fund. These funds focus on providing senior secured loans to middle market companies in North America, with SDL II already committing over 30% of its capital across a diverse portfolio.

Ares Management Corporation (NYSE: ARES) will have its CEO, Michael Arougheti, present at the Goldman Sachs US Financial Services Conference on December 8, 2021, at 8:40am ET. Investors can access the live audio webcast on Ares’ website, with a replay available shortly after the event.

As of September 30, 2021, Ares manages approximately $282 billion in assets with about 2,000 employees across global regions including North America, Europe, Asia Pacific, and the Middle East.

Ares Management Corporation (NYSE: ARES) announced a $400 million loan facility for CrossCountry Mortgage, LLC, led by its Alternative Credit and U.S. Direct Lending strategies. The financing, supported by CDPQ, positions CrossCountry Mortgage to leverage favorable market conditions and expand its operations across the U.S. With a robust platform and a wide portfolio of mortgage solutions, CrossCountry aims to meet the demands of homebuyers while ensuring attractive returns for its investors. This partnership highlights Ares' commitment to providing flexible capital solutions in the residential mortgage sector.

Ares Capital Corporation (NASDAQ: ARCC) announced that Penni Roll, CFO, will present at the Fitch Ratings BDC Conference on November 16, 2021, at 3:00 PM EDT. A live audio webcast will be accessible in the Investor Resources section of the company’s website at www.arescapitalcorp.com. Ares Capital, the largest BDC by market capitalization as of September 30, 2021, focuses on providing loans to private middle-market companies, aiming for attractive current income and potential capital appreciation for investors.

Ares Management Corporation and Moda Living have partnered to create a new built-to-rent single family homes brand in the U.K., addressing the scarcity of affordable rental housing. This initiative aims to deliver over 5,000 high-quality homes by 2025, with an estimated gross development value exceeding £1 billion. The construction of the first 1,000 homes is set to begin in Q1 2022. The platform will offer flexible leasing options and amenities focused on community and sustainability, targeting young families and those seeking affordable living solutions.

Ares Management Corporation (NYSE: ARES) has partnered with Core Spaces to acquire a portfolio of five student housing assets valued at over $400 million. This marks the first transaction in a strategy aimed at developing a significant student housing portfolio near premier U.S. universities. The properties encompass approximately 2,700 beds with modern amenities. Ares currently manages around 25,000 multifamily units across 85 properties, emphasizing its capability in diverse investment strategies.