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), a global leader in alternative asset management, provides investors with timely updates through this centralized news hub. Track official announcements, strategic developments, and market-moving insights across the company's credit, private equity, and real estate investment activities.
This resource delivers essential information for monitoring ARES' operational milestones, including earnings reports, fundraising initiatives, and strategic partnerships. Users gain access to verified updates on regulatory filings, leadership changes, and portfolio company developments within the $325+ billion asset manager's ecosystem.
Key coverage areas include innovations in credit strategies, real asset acquisitions, and global market expansions. The curated news feed supports informed analysis of ARES' performance across its integrated investment groups while maintaining strict adherence to factual reporting standards.
Bookmark this page for streamlined access to Ares Management's evolving narrative. Combine these updates with fundamental analysis tools to assess the company's position in alternative investment markets.
Ares Management, CDPQ, and Schroders Capital have announced a EUR 750 million financing agreement to support the expansion of Vantage Data Centers' EMEA platform. Ares and CDPQ will each provide up to EUR 300 million, while Schroders Capital contributes EUR 150 million. The funds will enhance Vantage's portfolio of 14 hyperscale data center campuses in Europe and South Africa, aiming to deliver 751MW of IT capacity upon full development. The investment aligns with the growing demand for digital infrastructure driven by AI and cloud computing. Vantage is committed to achieving net zero carbon emissions by 2030.
Ares Management (NYSE:ARES) will host an Investor Day on May 21, 2024, providing updates on the firm's businesses, growth strategy, and outlook. The event will be streamed live, starting at 8:00 a.m. Eastern Time.
Bixby Land Company closed its Bixby Industrial Fund I, offering existing investors liquidity and extending duration for a portfolio of industrial properties in California, Arizona, and Georgia. The fund, with equity investors like Vintage Strategies at Goldman Sachs Alternatives and Ares Management Real Estate Secondaries fund, aims for value-add returns over a 5-7 year horizon.
Ares Real Estate, a subsidiary of Ares Management , announced the acquisition of a hotel portfolio from Landsec in the UK. The portfolio includes 18 hotels with 3,028 rooms, concentrated in London and other major UK cities, purchased for £400 million. Ares plans to enhance the value of the properties through asset management initiatives, including refurbishment and energy efficiency improvements.
CION Ares Diversified Credit Fund, a joint venture between CION Investments and Ares Management , has surpassed $5 billion in total assets under management. The Fund offers investors direct access to alternative credit opportunities, providing income, stability, and lower portfolio volatility through diversification. CADC invests in a mix of illiquid and liquid credit investments, aiming for superior risk-adjusted returns. The Fund is distributed through various channels, catering to individual investors seeking alternative investment options.
Ares Capital (ARCC) has priced a public offering of $850 million 5.950% unsecured notes due 2029. The notes mature on July 15, 2029, with options for redemption. Various institutions are involved in managing the offering. The proceeds will be used to repay existing debt and for general corporate purposes, including investments in portfolio companies.
Ares Management (NYSE:ARES) announced closing approximately $9.3 billion in U.S. direct lending commitments in Q1 2024 and $29.6 billion in the 12 months ended March 31, 2024. Notable transactions include support for Aptean, Ardonagh Group, Artivion, Banyan Software Holdings, BMI, Clarience Technologies, CSI, ENTRUST Solutions Group, Equinox Holdings, Nelipak Healthcare Packaging, Premise Health, and The Ultimus Group.
Ares Management (NYSE:ARES) reported strong financial results for the first quarter ended March 31, 2024. The GAAP net income was $73.0 million, with a per share income of $0.33. Fee related earnings were $301.7 million, showing significant growth in assets under management and fundraising. The company declared a quarterly dividend of $0.93 per share. Ares has a Dividend Reinvestment Program for its Class A common stockholders. An earnings presentation and conference call are scheduled to discuss the results.
Ares Capital announced its Q1 2024 financial results with a dividend of $0.48 per share for Q2 2024. The company reported a strong start to the year with increased earnings, low non-accruals, and moderate leverage. Ares Capital made $3.6 billion in new investment commitments in Q1 2024 and continues to support growth in existing portfolio companies. The company remains well-positioned with available capital and competitive advantages.
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