CFRA Upgrades Ares Management, L.P. (ARES) to Buy
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Ares Management Announces Second Quarter 2024 U.S. Direct Lending Origination Activity
August 2, 2024 6:32 AM EDT$12.8 Billion in New Commitments Closed in the Second Quarter, Reaching a Record of $38.3 Billion Closed in the 12 Months Ended June 30, 2024
NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Ares Management Corporation (NYSE: ARES) announced today that funds managed by its Credit Group (collectively "Ares") closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct lending commitments across 295 transactions in the 12 months ended June 30, 2024. The $38.3 billion of commitments over the 12-month period represents a new record for the U.S.... More
Ares Management Corporation Reports Second Quarter 2024 Results
August 2, 2024 6:00 AM EDTNEW YORK--(BUSINESS WIRE)-- Ares Management Corporation (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2024.
GAAP net income attributable to Ares Management Corporation was $94.9 million for the quarter ended June 30, 2024. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.43 for the quarter ended June 30, 2024.
After-tax realized income was $332.0 million for the quarter ended June 30, 2024. After-tax realized income per share of Class A common stock was $0.99 for the quarter ended June 30, 2024. Fee related... More
Ares Management Closes $34 Billion for U.S. Senior Direct Lending Strategy
July 31, 2024 6:30 AM EDTOversubscribed SDL III Significantly Exceeds Target, Creating the Largest Direct Lending Fund in the Firms History and the Largest Institutional Fund in the Market
NEW YORK--(BUSINESS WIRE)-- Ares Management Corporation (Ares) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund III (SDL III or the Fund). With total equity commitments of approximately $15.3 billion, SDL III was oversubscribed relative to its initial target of $10.0 billion. The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity... More
