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) 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.
Ares Management Corporation (NYSE:ARES) announced the final closing of its EPEP III Fund, achieving €1.5 billion in commitments, surpassing its €1.0 billion target. This fund is more than double the size of its 2016 predecessor. EPEP III employs a value-add strategy, focusing on institutional-quality, income-producing assets across Europe’s largest markets, with over 30% of its capital already deployed, primarily in logistics and residential sectors. The fund attracted diverse investors globally, strengthening Ares' competitive position in the real estate market.
Ares Management Corporation (NYSE:ARES) will report its third-quarter earnings for the period ending September 30, 2021, on October 27, 2021, before the New York Stock Exchange opens. The company will host a webcast and conference call at 12:00 p.m. ET the same day to discuss the financial results. Ares Management, a leading global alternative investment manager, manages approximately $262 billion in assets as of June 30, 2021, following the acquisition of Black Creek Group on July 1, 2021. Interested parties can join via telephone or a live webcast from the company's website.
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JBG SMITH (NYSE: JBGS) announced the sale of 500 L’Enfant Plaza for $167 million, part of its strategy to focus on multifamily assets. The property, which is 215,000 square feet and 96% leased, helps JBG SMITH achieve over $92 million in dispositions in 2021. Proceeds will be used to reduce debt and create investment capacity in multifamily opportunities. The sale aligns with JBG SMITH's goal to divest non-core office assets as the market recovers from COVID-19.
Ares Management Corporation (NYSE: ARES) has closed a $150 million preferred equity investment in Inter Miami CF as Jorge and Jose Mas and David Beckham finalize the buyout of Marcelo Claure and Masayoshi Son. This investment aims to support the growth of Inter Miami, which debuted in March 2020 and is recognized for reaching the MLS playoffs in its first season. Ares emphasizes its commitment to providing innovative capital solutions within the sports franchise sector, highlighting favorable industry trends.
ALT Finance Corporation has appointed Marcus Shaw as its new CEO, effective Sept. 13, 2021. Shaw, with over 20 years of experience in finance and non-profit sectors, will lead initiatives to enhance diversity in alternative investment. He will launch the AltFinance Fellowship program at four HBCUs to provide students with mentoring, scholarships, and career pathways in the investment field. Additionally, a virtual institute in collaboration with The Wharton School is set to launch in 2022, aiming to empower Black students in the finance industry.
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