Welcome to our dedicated page for Ares Management news (Ticker: ARES), a resource for investors and traders seeking the latest updates and insights on Ares Management stock.
Ares Management Corporation reports developments across its global alternative investment management platform, including credit, real estate, private equity and infrastructure strategies. Company news commonly covers quarterly results, fee and performance income, fundraising, fund closings, direct lending origination activity and dividend declarations on its common stock.
Updates also track Ares Credit funds, Ares Commercial Finance, value-add real estate vehicles, Asia credit and special situations strategies, and sub-advised credit products. Recurring themes include capital deployment, senior secured financing commitments, fundraising across asset classes, global platform expansion and operating leadership changes.
Sverica Capital Management announced the sale of Women’s Health USA (WHUSA) to Unified Women’s Healthcare, backed by Altas Partners and Ares Management Corporation. Sverica retains an equity stake in the combined entity. WHUSA has transitioned from a regional provider to a national leader in women’s health over four years under Sverica's ownership. This sale marks an important milestone in WHUSA's expansion strategy, leveraging the resources of Unified to enhance patient care and value-based services across seven states.
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The merger between Unified Women’s Healthcare and Women’s Health USA (WHUSA) creates the largest physician practice management firm focused on women's health in the U.S. This strategic acquisition will enable Unified to offer comprehensive services to over 2,500 providers across approximately 900 locations in North America. Financial terms remain undisclosed, but the partnership aims to enhance healthcare delivery through innovative technology and value-based care. Leaders from both companies emphasize their commitment to improving patient outcomes and positioning themselves as industry frontrunners.
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Ares Management Corporation (NYSE: ARES) will host an Investor Day on August 12, 2021, via live video stream. The event will feature updates from Ares’ senior leadership on the firm’s businesses, growth strategy, and future outlook. Presentations begin at 8:00 a.m. (Eastern Time), followed by a Q&A session. Interested parties can register at www.ares-ir.com. A replay and presentation slides will be available for those unable to attend the live stream.
Ares Management is a global alternative investment manager with approximately $262 billion in assets under management as of June 30, 2021.
Ares Management Corporation (NYSE: ARES) reported significant financing commitments in its U.S. direct lending strategies. In Q2 2021, Ares closed approximately $9.0 billion across 77 transactions, a substantial increase from $1.7 billion in Q2 2020. Over the past year, total commitments reached $21.8 billion across 221 transactions, compared to $12.3 billion in the prior year. Key transactions included financing for companies like DecoPac and Global Healthcare Exchange, enhancing Ares's role as a leading alternative investment manager with over $262 billion in assets under management as of June 30, 2021.
Ares SSG has announced the final close of its third Secured Lending Opportunities Fund III (SLO III), achieving over $1.6 billion in capital commitments, marking it as the largest pan-Asian secured lending fund to date. This represents a 100% increase compared to the previous fund, SLO II, which closed at over $800 million in 2017. The fund has already deployed approximately 27% of its capital and aims to provide flexible secured loans to promising businesses across the Asia-Pacific region. Ares SSG boasts a strong confidence from international investors, including sovereign wealth and pension funds.
Ares Management Corporation (NYSE: ARES) reported its Q2 2021 financial results, showcasing a GAAP net income of $141.6 million, equating to $0.70 per share. After-tax realized income reached $192.1 million, with a fee-related earnings of $146.9 million. The company raised over $20 billion in capital, pushing its assets under management to a record $248 billion, up 56% year-over-year. A quarterly dividend of $0.47 per share was declared, payable on September 30, 2021.
Aspida Life Re Ltd., a subsidiary of Aspida Holdings Ltd. and backed by Ares Management Corporation, has appointed Jon Steffen as President. With a decade of experience in Bermuda life reinsurance, Steffen aims to enhance Aspida Re's capital and risk management solutions. Previously, he served as the Approved Actuary for Athene Life Re Ltd. Aspida Re, established in December 2020, focuses on providing tailored risk management solutions for insurance clients to optimize their balance sheets and support growth.
Aspida Holdings Ltd., an indirect subsidiary of Ares Management Corporation (NYSE: ARES), has completed the acquisition of Global Bankers Insurance Group, rebranding it as Aspida Financial Services, LLC. This strategic acquisition brings over 100 insurance professionals and a robust technology platform aimed at expanding Aspida's retirement-focused operations in the U.S. Additionally, Aspida plans to acquire a nationwide life insurance company, enhancing its product offerings that are expected to launch in 2022. Aspida currently manages approximately $2.3 billion in assets.