Ares Management Corporation Stock Price, News & Analysis

Archwest Capital has completed a strategic minority investment by Aspida Holdings, part of Ares Management Corporation (NYSE: ARES). This partnership will allow Archwest to provide Aspida with multifamily and mixed-use first mortgage assets to support its growth. Ares plans to leverage its expertise in overseeing these investments. The CEO of Archwest noted the ongoing housing supply shortage as a driving factor for this collaboration. Aspida aims to utilize this partnership to enhance its capital-efficient solutions for growth.

Ares Management Corporation (NYSE: ARES) has launched Ares Wealth Management Solutions (WMS) to enhance services for individual investors. This initiative is supported by over 90 professionals and aims to facilitate greater access to alternative investments, which currently manage more than $45 billion. Raj Dhanda, formerly of Black Creek Group and Morgan Stanley, will lead WMS. The move is expected to further Ares' strategy of democratizing alternative investments, responding to the growing demand from retail clients for diversified portfolios.

LaserAway, a prominent aesthetic dermatology provider, secured a strategic investment from the Private Equity Group of Ares Management Corporation (NYSE: ARES). Founded in 2006, LaserAway operates 74 clinics nationwide, offering laser hair removal, tattoo removal, skin rejuvenation, and more. This partnership aims to expand LaserAway's reach, enhance customer loyalty via the new rewards program, and advance its skincare line. Ares is noted for its expertise in supporting growth in consumer and healthcare sectors, aligning with LaserAway's vision for future development.

Ares Management Corporation (NYSE: ARES) has successfully closed its Ares Private Credit Solutions II (APCS II) fund, achieving commitments of $5.1 billion, surpassing its $4.0 billion target. This fund is about 50% larger than its 2017 predecessor, providing tailored junior capital financing for upper middle market companies. With approximately $69 billion in assets under management, Ares aims to leverage its extensive experience and robust networks to deliver strong risk-adjusted returns, having already invested 20% across nine portfolio companies.

The Lockwood Group announced a strategic investment from Ares Management Corporation's Private Equity Group on October 12, 2021. While the investment terms remain undisclosed, Lockwood's CEO, Matthew Schecter, expressed enthusiasm for Ares' resources to enhance growth, focusing on expanding capabilities and client service. Ares partner Kevin Ryan highlighted Lockwood's position to capitalize on market opportunities in life sciences. Lockwood, recognized for its scientific expertise and workplace culture, continues to support pharmaceutical and biotech clients with targeted communication strategies.

Ares Management Corporation (NYSE: ARES) has agreed to acquire a majority stake in Apex Clean Energy, aiming to provide growth capital for Apex's transition to a pure-play renewable energy independent power producer (IPP). With over $9 billion in commercialized utility-scale projects and a diversified portfolio of more than 30 GW in development, Apex will utilize this capital to strengthen its position in U.S. clean energy development and expand into energy storage and green fuels. The transaction is expected to close before the end of 2021, pending customary approvals.

EPIC Y-Grade, LP announced the completion of a 165-mile pipeline linking Robstown to Sweeny, Texas, enhancing its NGL transportation capabilities. This project aligns with its strategic expansion in the Gulf Coast region, connecting to major markets, including the ethane pipeline to Gulf Coast Growth Ventures. The new 175-mile propane pipeline has also been placed in service, bolstering EPIC's position in the market. CEO Brian Freed emphasized EPIC's unique service offerings to producers in the Permian Basin and Eagle Ford.

Ares Capital Corporation (ARCC) will report its third-quarter earnings for the period ending September 30, 2021, on October 26, 2021, prior to the Nasdaq opening. Following the report, a conference call will be held at 12:00 p.m. ET to discuss the results. Interested parties can join via phone or online. Ares Capital focuses on providing loans to private middle-market companies in the U.S., aiming to generate attractive income and capital appreciation for investors. As of September 30, 2021, it is the largest business development company by market capitalization.