Ares Management Corporation Stock Price, News & Analysis

Ares Management Corporation (NYSE: ARES) has successfully acquired two portfolios comprising 75 industrial properties, totaling 11.9 million square feet, for approximately $1.7 billion. The acquisitions enhance Ares' position in high-demand markets, including Atlanta, Chicago, and Dallas, with around 80% of the assets located in infill areas. This strategic expansion aims to leverage increasing tenant demand and strong rental growth. Ares Real Estate Group manages approximately $37 billion in assets and focuses on expanding its industrial sector presence.

Harris Williams advised Convergint Technologies, backed by Ares Management Corporation (ARES), on an investment from Leonard Green & Partners and Harvest Partners. Convergint, a $1.8 billion global leader in systems integration, specializes in electronic security and fire safety. The addition of these investors is expected to enhance Convergint's resources and capabilities, supporting exceptional customer service and colleague development. Ares Management manages approximately $282 billion in assets, while Leonard Green has over $50 billion in assets under management.

Ares Management Corporation (NYSE: ARES) has announced that Leonard Green & Partners and Harvest Partners have acquired equity in Convergint Technologies, marking a partnership with Ares and existing shareholders. Convergint, a leader in service-based systems integration, has seen its revenue and EBITDA more than double since 2017. The company has a strong global presence, with over 7,100 employees and 150 locations. Ares and its partners are committed to supporting Convergint's growth and expansion in various sectors.

Ares Management Corporation (NYSE: ARES) has successfully raised $2.2 billion for climate infrastructure investments, with $1.4 billion from its inaugural Ares Climate Infrastructure Partners Fund (ACIP) and $800 million from related transaction vehicles. The fund focuses on financing renewable energy and related sectors, with nearly 50% of its capital already committed. Ares aims to support the transition to a low carbon economy, benefitting from strong investor interest from diverse global partners.

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.