Ares Management Corporation Stock Price, News & Analysis

Volery Capital, a private equity firm focused on growth investments addressing climate change and economic inclusion, has been recognized in the ImpactAssets 50 Emerging Managers list for the second consecutive year. This accolade highlights the firm's commitment to generating market-rate returns while fostering social and environmental impact.

Volery's investment strategy includes funding companies driving the energy transition and promoting financial inclusion, with notable investments in RRG Capital Management and Sustainable Development Capital, LLP.

Ares Capital Corporation (NASDAQ:ARCC) has appointed Mary Beth Henson as an independent director, expanding its Board from nine to ten members. With over 30 years of financial leadership experience, Ms. Henson's background includes roles as CFO at the National Audubon Society and VP of Finance at City Harvest. Ares Capital's Co-Chairmen, Michael Arougheti and Bennett Rosenthal, believe her expertise will enhance long-term value for stakeholders. CEO Kipp deVeer also expressed confidence in her contribution to the Board's strategic goals.

SB Energy Global has secured a strategic equity investment of up to $600 million from funds managed by Ares Management Corporation to enhance its Climate Infrastructure Technology platform. The funding aims to accelerate the development of renewable energy solutions in the U.S., contributing to a target of 10 GW of renewable projects by 2025. Since its U.S. launch in 2019, SB Energy has completed 1.7 GW of solar projects, with significant backing from both SoftBank and Ares to foster further growth and innovation in clean energy.

Ares Capital Corporation (NASDAQ:ARCC) announced that CFO Penni Roll will present at the Raymond James & Associates' 43rd Annual Institutional Investors Conference on March 8, 2022, at 7:30 AM ET in Orlando, Florida. A live audio webcast will be available on the company's website, and a replay will follow shortly after the event. Founded in 2004, Ares Capital specializes in providing direct loans and investments in private middle-market companies in the U.S., focusing on high-quality borrowers for economic growth. As of December 31, 2021, it is the largest publicly traded BDC by market capitalization.

On March 3, 2022, Sharestates announced the closing of a new $100 million warehouse line of credit led by Ares Management Corporation to enhance its lending capabilities. This facility complements existing credit and positions Sharestates to support its growing loan origination volume, which has surged over 40% quarter-over-quarter and nearly doubled year-on-year. With over $3 billion in origination volume in 2021, the company aims to continue expanding its presence in residential real estate financing.

Ares Capital Corporation (ARCC) announced that CEO Kipp deVeer will present at the RBC Capital Markets Financial Institutions Virtual Conference on March 8, 2022, at 2:00 PM ET. Investors can access a live audio webcast on the company’s website, with a replay available afterward. Founded in 2004, Ares Capital focuses on providing direct loans and investments in U.S. private middle market companies, aiming for capital growth and current income for investors. As of December 31, 2021, it is the largest publicly traded business development company by market capitalization.

Summary not available.

Ares Management Corporation and Apex Clean Energy have signed a nonbinding memorandum of understanding (MOU) to explore developing a large-scale green hydrogen production facility at the Port of Corpus Christi, Texas. The project aims to generate unprecedented volumes of green hydrogen and fuels necessary for decarbonizing heavy industries such as transportation and chemicals. This initiative builds on prior collaborations to develop renewable infrastructure, emphasizing Ares' commitment to sustainability and energy transition, further leveraging Texas' wind and solar resources.

Ares Management Corporation (NYSE: ARES) has acquired Capital Automotive LLC (CARS) from a Brookfield private real estate fund for $3.8 billion. This acquisition increases Ares' total net lease gross asset value to over $7 billion within the last 15 months. CARS specializes in offering sale-leaseback capital to automotive dealers across the U.S. and Canada, owning over 250 operationally essential real estate assets. Ares aims to leverage its real estate and credit teams to provide flexible net lease solutions amidst increasing market demand.