Ares Management

Ares Management Corp. is engaged in providing investment management and consultancy services. It operates through the following segments: Credit Group, Private Equity Group and Real Estate Group. The Credit Group segment offers credit strategies across the liquid and illiquid spectrum, including syndicated bank loans, high yield bonds, credit opportunities, special situations, asset-backed investments and U.S. and European direct lending. The Credit Group provides solutions for traditional fixed income investors seeking to access the syndicated bank loan and high yield bond markets and capitalize on opportunities across traded corporate credit. It additionally provides investors access to directly originated fixed and floating rate credit assets and the ability to capitalize on illiquidity premiums across the credit spectrum. The Private Equity Group segment manages shared control investments in corporate private equity funds. The Real Estate Group segment provides debt, mortgage loans, and equity capital to borrowers, property owners, and real estate developers. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal in 1997 and is headquartered in Los Angeles, CA.

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Ares Management reports robust Q4 performance and eyes growth opportunities

Ares Management's Q4 2022 earnings call highlighted strong performance, fundraising success, and growth opportunities across various investment strategies and regions.
Despite challenges in real estate valuations and margin expansion, the company's strengths in active credit deployment, energy transition investments, and wealth management flows position it well for future growth.
With a focus on aligning incentives, driving growth in Asia, and expanding secondaries business, Ares Management demonstrates resilience and strategic foresight in navigating market dynamics.

Ares Management reports robust growth and eyes market opportunities

Ares Management's Q1 2023 performance showcased strong growth in AUM, management fees, and positive fund performance. The company is strategically positioned to capitalize on market opportunities, with a focus on margin expansion and scaling acquired platforms. Challenges include uncertainties in investment income prediction and potential credit risks in certain sectors.

Ares Management excels in Q2 with strong returns and growth

Ares Management delivered strong financial performance in Q2 2023, driven by robust investment returns and fundraising achievements.
The company's strategic strengths lie in its diverse investment strategies, market positioning, and efforts in wealth management.
Challenges such as elevated rates and potential defaults require effective risk management strategies and adaptation.
Opportunities for growth include market dynamics, margin expansion, and capturing more market share in key segments.

Ares Management reports robust Q3 performance and eyes growth opportunities

Ares Management's Q3 earnings call highlighted strong financial performance, growth in commitments, and positive results across various investment strategies. The company's focus on fundraising, expansion in diverse regions, and strong deployment activity position it well for future growth. While facing challenges related to timing shifts and fund durations, Ares can leverage opportunities in the Alt Credit pipeline and private credit market for sustained success.

Ares Management reports record Q4 income and strong investor demand

Ares Management's Q4 2023 earnings call reflects a robust financial performance, strong investor demand, and strategic growth initiatives. With a solid foundation of over $110 billion in dry powder, the company is poised for continued success in deploying capital and expanding its presence in key markets. Despite challenges in market dynamics, Ares Management's diversified business model and proactive approach to risk management position it well for future growth.

Ares Management exceeds AUM goals, anticipates M&A growth opportunities

Ares Management reports robust performance with increased dividends and AUM exceeding projections. Strong fundraising momentum and growth potential across various business lines. Optimistic outlook on M&A activity and opportunities in key markets.

Ares Management reports record fundraising and strategic growth initiatives

Ares Management shows robust financial performance with strong dividend growth and investment activity.
The company capitalizes on real estate and digital infrastructure opportunities while expanding wealth management.
Challenges include managing costs and balancing profitability with sustainable growth strategies.
Opportunities lie in global expansion, distribution diversification, and maximizing origination profitability.

Ares Management's Q3 performance showcased strong growth in management fees, successful fundraising, and expansion in wealth management and real assets.
Despite challenges with comp ratios and tax structures, Ares' focus on scaling partnerships and product offerings positions them for future growth and earnings in 2025.
The company's emphasis on meeting investor demand, enhancing client experience, and diversifying its business mix highlights a strategic approach to long-term success.
Ares Management's financial performance and strategic initiatives present opportunities for growth through capital attraction, acquisitions, and market expansion.

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Ares Management Corp. engages in the provision of investment and consultancy services. It operates through the following segments: Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment includes the management of strategies across the liquid and illiquid spectrum, direct lending, and Asia-Pacific. The Private Equity Group segment involves the categorization of investment strategies as corporate, special opportunities, and Asia-Pacific. The Real Assets Group segment focuses on equity and debt strategies across infrastructure investments. The Secondaries Group segment consists of investment in secondary markets, alternative asset class strategies, private equity, real estate, infrastructure, and credit. The company was founded by Michael J. Arougheti, David B. Kaplan, John H. Kissick, Antony P. Ressler, and Bennett Rosenthal in 1997 and is headquartered in Los Angeles, CA.

NEW YORK, NY / ACCESSWIRE / November 21, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023, at 1:00pm ET. A live audio webcast of the presentation will be available in the Investor Resources section of the Company's website at www.aresmgmt.com.

Ares Management Corporation to Present at the Goldman Sachs 2023 US Financial Services Conference

Williams

DENVER , Nov. 2, 2023 /PRNewswire/ -- Tailwater Capital LLC ("Tailwater"), an energy and growth infrastructure private equity firm, and a fund managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, today announced that they have signed definitive agreements to sell Cureton Front Range LLC ("Cureton" or the "Company") to Williams Field Services Group, LLC ("Williams"), a subsidiary of The Williams Companies, Inc. (NYSE: WMB), with an expected close in December 2023, subject to regulatory approvals. "This transaction represents yet another step forward for our team and positions Cureton for its next chapter of growth while holding true to our commitment to deliver the highest quality of service to our customers and communities in which we operate," said Charlie Beecherl, President and Chief Executive Officer of Cureton.

Cureton Midstream Announces Sale to Williams

Ares Management Corporation (NYSE:ARES ) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET Company Participants Carl Drake - Head, Public Market Investor Relations Michael Arougheti - Chief Executive Officer Jarrod Phillips - Chief Financial Officer Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Ben Budish - Barclays Brennan Hawken - UBS Ken Worthington - JPMorgan Michael Cyprys - Morgan Stanley Patrick Davitt - Autonomous Research Mike Brown - KBW Operator Welcome to Ares Management Corporation's Third Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Ares Management Corporation (ARES) Q3 2023 Earnings Call Transcript

Ares Management (ARES) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.75 per share a year ago.

Ares Management (ARES) Q3 Earnings and Revenues Miss Estimates

Ares Acquisition Corp. and X-energy Reactor Company LLC on Tuesday called off their $1.8 billion merger deal due partly to challenging market conditions. A shareholder meeting Tuesday to vote on the business combination is being postponed indefinitely.

Ares Acquisition Corp., X-energy scrap $1.8B merger due to ‘persistently volatile public markets'

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2023. GAAP net income attributable to Ares Management Corporation was $61.8 million for the quarter ended September 30, 2023. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.30 for the quarter ended September 30, 2023. After-tax realized income was $261.1 mill.

Ares Management Corporation Reports Third Quarter 2023 Results

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments. The Fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target and was approximately 80 percent larger than the predecessor fund.

Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit

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LONDON--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares European Strategic Income Fund (“AESIF”), a new open-ended direct lending fund that will provide individual investors in Europe and Asia with access to Ares' European direct lending strategy. Ares launched its European direct lending strategy in 2007 gaining a first mover advantage in a nascent market. Since this time, the European direct.

Ares Management Launches Ares European Strategic Income Fund to Expand its Offering to Global Wealth Channel

Vinci Partners Investments

NEW YORK & RIO DE JANEIRO--(BUSINESS WIRE)--Ares Management Corporation (“Ares”) (NYSE: ARES) and Vinci Partners Investments Ltd. (“Vinci Partners” or “Vinci”) (NASDAQ: VINP) announced today that they have reached an agreement to form a strategic partnership to accelerate the growth of Vinci's platform in Latin America and to collaborate on distribution, product development and other business opportunities (the “Strategic Partnership”). In connection with the formation of the Strategic Partners.

Ares Management Corporation and Vinci Partners Announce Strategic Partnership and Investment

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2023 on Tuesday, October 31, 2023 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its third quarter ending September 30, 2023 financial results. All interested parties are invited to participate via telephone or the live webcast,.

Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2023

Ares Capital

NEW YORK, NY / ACCESSWIRE / October 2, 2023 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the third quarter ended September 30, 2023 on Tuesday, October 24, 2023 prior to the opening of the Nasdaq Global Select Market. Ares Capital invites all interested persons to attend its webcast/conference call at 12:00 p.m.

Ares Capital Corporation Schedules Earnings Release for the Third Quarter Ended September 30, 2023

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NEW YORK, NY / ACCESSWIRE / September 18, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Securities 28th Annual Financials CEO Conference on Thursday, September 21, 2023 at 6:30am ET/11:30am BST. A live audio webcast of the presentation will be available in the Investor Resources section of the Company's website at www.aresmgmt.com.

Ares Management Corporation to Present at the BofA Securities 28th Annual Financials CEO Conference

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Ares Acquisition Corp

ROCKVILLE, Md. & NEW YORK--(BUSINESS WIRE)--X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today strategic updates to their previously announced business combination. Ares Management Corporation (NYSE: ARES) (“Ares”) has committed to a PIPE investment comprising $50 mill.

X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination

Ares Management Corporation is a global investment management company specializing in alternative investments. We touch upon a host of unique qualities that makes ARES standout in the financials universe. Valuations are not cheap, but allowances could be made given the medium term earnings growth potential on offer.

Ares Management: Not The Best Time To Buy This Gold-Standard Business

Founding CEO Tom McAlpin to retire as CEO and transition to Chairman of the Board of Directors. President and CXO Nirmal Saverimuttu named CEO.

Virgin Voyages Announces $550 Million in Funding Led by Ares Management to Further Accelerate Growth

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Ares Management Corporation (NYSE:ARES ) Q2 2023 Earnings Call Transcript August 1, 2023 12:00 PM ET Company Participants Carl Drake - Head of Public Markets and Investor Relations Michael Arougheti - Co-Founder, CEO, President and Director Jarrod Phillips - Partner and CFO Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Benjamin Budish - Barclays Brian McKenna - JMP Securities Patrick David - Autonomous Research Adam Beatty - UBS Michael Cyprys - Morgan Stanley Finian O'Shea - Wells Fargo Securities Ken Worthington - JPMorgan Rufus Hone - BMO Capital Markets Operator Welcome to Ares Management Corporation's Second Quarter Earnings Conference Call. At this time, all participants are in listen-only mode.

Ares Management Corporation (ARES) Q2 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Ares Management (ARES) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Ares Management (ARES) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Ares Management Corp. ARES, +1.90% stock was up 1.5% on Tuesday after beating its second-quarter earnings target, despite losses in financial stocks. Ares reported an adjusted profit of 90 cents a share, ahead of the analyst target of 85 cents a share, according to FactSet data.

Ares Management stock holds gains despite broad market losses on stronger-than-expected profit

Ares Management (ARES) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.74 per share a year ago.

Ares Management (ARES) Q2 Earnings and Revenues Top Estimates

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $4.1 billion in U.S. direct lending commitments across 51 transactions during the second quarter of 2023 and approximately $20.2 billion in direct lending commitments across 181 transactions in the last twelve-month period ended June 30, 2023. Below is a description of selected transactions that Ares closed during the second quarter. Apex Servi.

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