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 Corporation (NYSE: ARES) reported approximately $5.7 billion in new direct lending commitments closed in Q3 2022 across 45 transactions, amounting to $32 billion in the last twelve months. This represents a decrease from $7.2 billion in Q3 2021. The company facilitated several notable transactions, including funding for Discovery Life Sciences, Evolent Health, and Tempus. As of September 30, 2022, Ares managed approximately $341 billion in assets globally across multiple investment sectors.
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Ares Capital Corporation (NASDAQ: ARCC) has appointed Kort Schnabel as Co-President, while Michael Smith transitions to the Board of Directors. Schnabel, a longstanding member of Ares since 2001, was pivotal in the firm's U.S. direct lending strategy. CEO Kipp deVeer emphasizes Schnabel's critical role in the company’s growth. The Board welcomes Smith, highlighting his contributions since Ares’ 2004 IPO, during which the company has achieved nearly double the stock-based returns of the S&P 500. Ares Capital focuses on private middle-market investments to generate attractive returns.
Ares Capital Corporation (NASDAQ: ARCC) declared a fourth quarter dividend of $0.48 per share, payable on December 29, 2022, with record date on December 15, 2022. The company reported a Q3 2022 core EPS of $0.50, up from $0.47 in Q3 2021, while GAAP net income per share decreased to $0.21 from $0.73. Total net investment income was $288 million, compared to $184 million year-over-year. Ares capital made new investment commitments of $2.2 billion in Q3 2022, indicating strong activity despite market conditions.
Ares Management Corporation announced the successful closing of its Ares Special Opportunities Fund II with commitments exceeding $7.1 billion, surpassing the target of $4.0 billion. This fundraising reflects strong global investor interest and confidence in Ares’ strategy, which aims to provide tailored financing solutions for companies undergoing transformational change. The Special Opportunities strategy has deployed nearly $12 billion across various investments, demonstrating Ares’ robust market positioning and operational scale.
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Ares Management Corporation (NYSE: ARES) announced the final closing of its Ares U.S. Real Estate Fund X, L.P. on September 30, 2022. The fund surpassed its $1.5 billion target, reaching $1.8 billion in commitments, making it 75% larger than its predecessor fund. Ares highlights strong investor support and plans to leverage its experience to capitalize on new investment opportunities in durable sectors. The fund aims for a diverse portfolio focused on generating current income and enhancing property values through disciplined investment strategies.
Ares Capital Corporation (NASDAQ: ARCC) will report its third quarter earnings for the period ending September 30, 2022 on October 25, 2022, before the market opens. A conference call is scheduled for 10:00 a.m. (ET) on the same day to discuss the results. Investors can access the call via telephone or through a live webcast on Ares Capital's website. The company, which focuses on private middle-market lending, is the largest publicly traded BDC by market capitalization.
Ares Management Corporation (NYSE: ARES) will report its third-quarter earnings for the period ending September 30, 2022, on Thursday, October 27, 2022, before the stock market opens. A webcast and conference call will follow at 10:00 a.m. Eastern Time to discuss the financial results. As of June 30, 2022, Ares had approximately $334 billion in assets under management and operates across multiple regions, including North America, Europe, Asia Pacific, and the Middle East.
Monolith Brands has successfully raised approximately $50 million in equity and $180 million in debt capacity during its Series A funding round. The funding, led by Hayfin and Ares Management Credit Funds, aims to enhance Monolith's portfolio of established brands in the consumer products sector, focusing initially on Pet and Baby & Toddler categories. Monolith's strategy emphasizes mature brand acquisition, sector-specific focus, omnichannel presence, and long-term partnerships to drive sustainable growth. The company seeks to unlock new opportunities for its brands and grow revenue effectively.