Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.
IPO Year: 2014
Exchange: NYSE
Website: aresmgmt.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/15/2025 | Outperform → Perform | Oppenheimer | |
| 4/16/2025 | $159.00 | Perform → Outperform | Oppenheimer |
| 4/8/2025 | $165.00 | Mkt Perform → Mkt Outperform | Citizens JMP |
| 1/27/2025 | $224.00 | Overweight | Barclays |
| 12/20/2024 | $166.00 → $202.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 12/12/2024 | $212.00 | Equal Weight → Overweight | Wells Fargo |
| 9/12/2024 | $156.00 | Equal Weight | Wells Fargo |
| 8/27/2024 | $140.00 | Neutral | Redburn Atlantic |
| 6/13/2024 | $176.00 → $132.00 | Buy → Hold | Deutsche Bank |
| 5/28/2024 | $176.00 | Buy | Deutsche Bank |
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SCHEDULE 13G/A - Ares Management Corp (0001176948) (Subject)
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DEFA14A - Ares Management Corp (0001176948) (Filer)
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144 - Ares Management Corp (0001176948) (Subject)
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Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Joel Holsinger, Partner and Co-Head of Ares' Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the "Ares Foundation") to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares. Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to he
HAMILTON, Bermuda, March 26, 2025 (GLOBE NEWSWIRE) -- Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company focused on providing life and annuity reinsurance solutions to companies globally, announced today the recent appointment of Elinor Friedman, FSA, MAAA to its Board of Directors ("the Board"). Ms. Friedman's extensive product development and pricing knowledge will complement and add broader insight to Aspida Re's board composition. Ms. Friedman is a seasoned actuary with vast experience in the life insurance and reinsurance space. From 2013 to 2024, she served as Managing Director at Willis Towers Watson where she provided consulting services to large and mid-size insurers and re
Michael Arougheti to Continue as Chief Executive Officer Ares Management Corporation (NYSE:ARES) ("Ares"), a leading global alternative investment manager, announced today that it has appointed Kipp deVeer and Blair Jacobson to the newly created positions of Co-Presidents, effective immediately. Both Mr. deVeer and Mr. Jacobson will report to Michael Arougheti, Ares' Chief Executive Officer. Mr. deVeer and Mr. Jacobson will continue to be based in New York and London, respectively. Mr. deVeer and Mr. Jacobson will transition from their day-to-day management in the Credit Group to work closely with Mr. Arougheti to help drive firm-wide strategic and operational initiatives, support criti
Kipp deVeer to Step Down as CEO Effective April 30, 2025, and Will Remain as a Board Director Ares Capital Corporation (NASDAQ:ARCC) ("Ares Capital" or the "Company") announced today that Co-President Kort Schnabel has been appointed as Chief Executive Officer of the Company, effective April 30, 2025. Concurrently, Kipp deVeer will be stepping down as CEO and will remain a member of the Board of Directors. Mr. deVeer will also continue to serve as a member of the Investment Committee of Ares Capital's investment adviser. Jim Miller, who was appointed Co-President of Ares Capital in October 2024, will continue as the Company's sole President. Mr. Schnabel joined Ares Management Corporati
Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Kevin Alexander, Partner in Ares' Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately. Mr. Alexander joined Ares in 2019 and has been a key leader and contributor to the Alternative Credit team's growth and success, playing an instrumental role in the strategy's investment origination and structuring efforts. Currently, Mr. Alexander serves as a member of the Ares Alternative Credit and Pathfinder Investment Committees, the Ares Credit Secondaries Investment Committee and the Ares Insurance Solutions Investment
Michael Smith and Mitch Goldstein Appointed as Co-Chairmen of Board of Directors Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that James ("Jim") R. Miller was appointed as Co-President to serve alongside current Co-President, Kort Schnabel. Concurrently, Ares Capital's Board of Directors was expanded by one member. Mitchell ("Mitch") Goldstein joined Ares Capital's Board of Directors, and Mitch Goldstein and Michael L. Smith have been appointed to serve as Co-Chairmen of Ares Capital's Board of Directors. Michael Arougheti will cease to serve as Chairman of Ares Capital's Board of Directors but will continue to serve as a Director. Kipp deVeer will continue in hi
Transaction Reinforces AIR's Presence in Europe and Enhances its Capabilities for Integration of Advanced Robotics into Automated Systems Vivian Farrell Promoted to President of Automated Industrial Robotics, Ireland Automated Industrial Robotics Inc. ("AIR" or the "Company") today announced the acquisition of Robotics & Drives ("RDS"), an Ireland-based industrial automation company focused on delivering innovative solutions through robotics technology. The transaction further reinforces AIR's presence in Europe, strengthens the Company's ability to integrate robotics solutions into its automated systems and adds to the product portfolio. The transaction was funded primarily by an additio
Move Expected to Enhance Collaboration Across Ares' Leading Credit Platform Aaron Rosen and Craig Snyder Named Co-Heads of Opportunistic Credit Ares Management Corporation (NYSE:ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm's Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares' limited partners, sponsor partners and portfolio companies. The Opportunistic Credit team will build on the accomplishments of the Special Opportunities strategy and leverage the e
Ares Management Corporation (NYSE:ARES) ("Ares") announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Ms. Solomon and Mr. Benjamin together will co-lead the Ares Real Estate business globally. Ms. Solomon joined Ares in 2013 and has been an invaluable leader on the Real Estate team throughout this time as a key contributor to the team's significant organic and inorganic growth. As Global Chief Operating Officer of Ares Real Estate, she has been instrumental in driving the growth and integration of the team's portfolio management functi
Ares Private Equity Fund Invests Substantial Equity Capital to Support AIR's Growth Strategy AIR Acquires TA Systems and Modular Automation Ares Management Corporation (NYSE:ARES) announced today the launch of Automated Industrial Robotics Inc. ("AIR" or the "Company"), a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund ("Ares") has invested substantial equity capital to support AIR's acquisition and organic growth strategy. AIR is focused on acquiring and facilitating the growth of differentiated industrial automation companies serving diverse end markets with strong opera
Ares Capital Corporation (NASDAQ:ARCC) announced that it has priced an underwritten public offering of $750 million in aggregate principal amount of 5.500% notes due 2030. The notes will mature on September 1, 2030 and may be redeemed in whole or in part at Ares Capital's option at any time at par plus a "make-whole" premium, if applicable. BofA Securities, Inc., J.P. Morgan Securities LLC, RBC Capital Markets, LLC, SMBC Nikko Securities America, Inc., Wells Fargo Securities, LLC, Barclays Capital Inc., BNP Paribas Securities Corp., CIBC World Markets Corp., Mizuho Securities USA LLC, MUFG Securities Americas Inc. and Truist Securities, Inc. are acting as joint book-running managers for t
Landscape Workshop (the "Company"), a full-service grounds maintenance provider for commercial properties across the Southeastern U.S., announced today that an Ares Private Equity fund ("Ares") has acquired a majority stake in the Company. Through this transaction, Landscape Workshop will gain additional capital to expand its regional footprint, scale through new strategic acquisitions, and drive customer growth while continuing to deliver quality and professional service. For nearly 40 years, Landscape Workshop has provided professional service and expert maintenance for outdoor commercial spaces across various industries. Today, the Company has grown to be one of the largest landscaping
Awayday (the "Company"), a leading full-service U.S. vacation rental property manager, today announced a strategic investment made by an Ares Management Private Equity fund ("Ares"). The existing financial sponsor, LightBay Capital ("LightBay"), a Los Angeles-based growth-focused private equity firm, fully realized its investment in Fund I and re-invested in the Company alongside Ares in Fund II. Terms of the investment were not disclosed. Awayday is a leading provider of short-term vacation rental management, offering a full suite of services for property owners, including property listing, online bookings, housekeeping, and maintenance. The Company's local focus coupled with national sca
Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2025. GAAP net income attributable to Ares Management Corporation was $47.2 million for the quarter ended March 31, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.00 for the quarter ended March 31, 2025. After-tax realized income was $381.4 million for the quarter ended March 31, 2025. After-tax realized income per share of Class A common stock was $1.09 for the quarter ended March 31, 2025. Fee related earnings were $367.3 million for the quarter ended March 31, 2025. "We rep
- First Quarter 2025 Net Investment Income per Share of $0.27; NAV per Share of $7.57 - - Debt Portfolio Yield of 15.0% - - HRZN Ends Quarter with Committed Backlog of $236 Million - - Declares Regular Monthly Distributions Totaling $0.33 per Share through September 2025 - Horizon Technology Finance Corporation (NASDAQ:HRZN) ("Horizon" or the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced its financial results for the first quarter ended March 31, 20
DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a second quarter 2025 dividend of $0.48 per share. The second quarter 2025 dividend is payable on June 30, 2025 to stockholders of record as of June 13, 2025. MARCH 31, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its first quarter ended March 31, 2025. OPERATING RESULTS Q1-25(3) Q1-24(3) (dollar amounts in millions, except per share data) Total Amount Per Share Total Amount Per Share GAAP net income per share(1) $ 0.36
NASHVILLE, Tenn., April 21, 2025 /PRNewswire/ -- Epika Fleet Services, Inc. ("Epika" or the "Company"), a leading mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets, announced that an Ares Private Equity fund ("Ares") has acquired a majority stake in the Company. The transaction provides Epika with significant additional capital to support investments in the quality and buildout of its service offerings, expand its customer base in underserved geographies and cement the platform as a mobile-solutions provider of choice for fleet operators. Founded in 2016, Epika has rapidly scaled its platform by establishing leading capabilities in commer
Capital Will Facilitate GoldState's Strategy to Acquire Music Rights and Meet Growing Artist Demand for Music Rights Monetization GoldState Music ("GoldState" or the "Company"), a premier music rights investment platform today announced that it has raised US$500 million in strategic capital, including a structured capital facility co-led by Northleaf Capital Partners ("Northleaf") and Ares Management funds ("Ares") as well as separately raised leverage. Additional terms of the private transaction were not disclosed. "Our new relationship with Northleaf and Ares marks the next step in the evolution of our music investing strategy," said Charles Goldstuck, Founder and Managing Partner of Go
SYDNEY, April 15, 2025 /PRNewswire/ -- Omni Bridgeway (ASX: OBL) and funds managed by Ares Management Corporation (NYSE:ARES) have completed a strategic transaction establishing a continuation fund (Omni Bridgeway Fund 9). Omni Bridgeway Fund 9 purchased Omni Bridgeway's co-investment interest across a diversified global portfolio of more than 150 legal assets, originated and managed by Omni Bridgeway. This transaction showcases the value of Omni Bridgeway's institutional-grade asset management platform.Ares has acquired a 70% interest in Omni Bridgeway Fund 9 for a total cash
Kodiak's AI-powered autonomous platform is built to handle some of the world's toughest trucking jobs and has logged over 2.6 million autonomous miles in real-world conditionsKodiak has the first publicly-announced driverless trucks in commercial operations and has strong customer traction across multiple target applications in an estimated $4+ trillion total addressable marketGenerates recurring revenue through driverless operations in the Permian Basin and autonomously delivering goods daily for customers in locations around the U.S.Kodiak has secured a firm commitment from its strategic partner, Atlas Energy Solutions (NYSE:AESI), for an initial order of 100 trucksTransaction places a pre
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Oppenheimer downgraded Ares Management from Outperform to Perform
Oppenheimer upgraded Ares Management from Perform to Outperform and set a new price target of $159.00
Citizens JMP upgraded Ares Management from Mkt Perform to Mkt Outperform and set a new price target of $165.00
Barclays resumed coverage of Ares Management with a rating of Overweight and set a new price target of $224.00
Keefe Bruyette upgraded Ares Management from Mkt Perform to Outperform and set a new price target of $202.00 from $166.00 previously
Wells Fargo upgraded Ares Management from Equal Weight to Overweight and set a new price target of $212.00
Wells Fargo initiated coverage of Ares Management with a rating of Equal Weight and set a new price target of $156.00
Redburn Atlantic initiated coverage of Ares Management with a rating of Neutral and set a new price target of $140.00
Deutsche Bank downgraded Ares Management from Buy to Hold and set a new price target of $132.00 from $176.00 previously
Deutsche Bank initiated coverage of Ares Management with a rating of Buy and set a new price target of $176.00
Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2025. GAAP net income attributable to Ares Management Corporation was $47.2 million for the quarter ended March 31, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.00 for the quarter ended March 31, 2025. After-tax realized income was $381.4 million for the quarter ended March 31, 2025. After-tax realized income per share of Class A common stock was $1.09 for the quarter ended March 31, 2025. Fee related earnings were $367.3 million for the quarter ended March 31, 2025. "We rep
- First Quarter 2025 Net Investment Income per Share of $0.27; NAV per Share of $7.57 - - Debt Portfolio Yield of 15.0% - - HRZN Ends Quarter with Committed Backlog of $236 Million - - Declares Regular Monthly Distributions Totaling $0.33 per Share through September 2025 - Horizon Technology Finance Corporation (NASDAQ:HRZN) ("Horizon" or the "Company"), an affiliate of Monroe Capital, and a leading specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services, and sustainability industries, today announced its financial results for the first quarter ended March 31, 20
DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a second quarter 2025 dividend of $0.48 per share. The second quarter 2025 dividend is payable on June 30, 2025 to stockholders of record as of June 13, 2025. MARCH 31, 2025 FINANCIAL RESULTS Ares Capital also announced financial results for its first quarter ended March 31, 2025. OPERATING RESULTS Q1-25(3) Q1-24(3) (dollar amounts in millions, except per share data) Total Amount Per Share Total Amount Per Share GAAP net income per share(1) $ 0.36
DIVIDEND DECLARATIONS Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced that its Board of Directors has declared a first quarter 2025 dividend of $0.48 per share. The first quarter 2025 dividend is payable on March 31, 2025 to stockholders of record as of March 14, 2025. DECEMBER 31, 2024 FINANCIAL RESULTS Ares Capital also announced financial results for its fourth quarter and year ended December 31, 2024. OPERATING RESULTS Q4-24(4) Q4-23(4) FY-24 FY-23 (dollar amounts in millions, except per share data) Total Amount Per Share Total Amoun
Ares Management Corporation (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2024. GAAP net income attributable to Ares Management Corporation was $177.3 million for the quarter ended December 31, 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 $0.72 for the quarter ended December 31, 2024. After-tax realized income was $434.7 million for the quarter ended December 31, 2024. After-tax realized income per share of Class A common stock was $1.23 for the quarter ended December 31, 2024. Fee related earnings were $396.2 million for the quart
Ares Capital Corporation ("Ares Capital" or the "Company") (NASDAQ:ARCC) announced today the tax treatment of the Company's 2024 common stock distributions (CUSIP #: 04010L103). Record Date Payable Date Total Paid Per Share Ordinary Income Per Share Long Term Capital Gains per Share (2) Interest - Related Dividends (3) Ordinary Rate 20% Rate (1) 3/15/2024 3/29/2024 $ 0.4800 $ 0.401573 $ 0.078427 $ 0.0000 92.2104% 6/14/2024 6/28/2024 $ 0.4800 $ 0.401573 $ 0.078427 $ 0.0000 92.2104% 9/13/2024
NEW YORK, NY / ACCESSWIRE / January 13, 2025 / Ares Management Corporation announced today that it will report earnings for the fourth quarter and full year ending December 31, 2024 on Wednesday, February 5, 2025 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 10:00 a.m. (Eastern Time) to discuss its fourth quarter and full year ending December 31, 2024 financial results.All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at http://www.aresmgmt.com. Please vis
NEW YORK, NY / ACCESSWIRE / January 3, 2025 / Ares Capital Corporation ("Ares Capital") (NASDAQ:ARCC) announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 5, 2025 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. (Eastern Time) on the same day to discuss its fourth quarter and fiscal year ended December 31, 2024 financial results.All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of o
NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2024. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX, ETF Ticker:N/A), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY
Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2024. GAAP net income attributable to Ares Management Corporation was $118.5 million for the quarter ended September 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 $0.55 for the quarter ended September 30, 2024. After-tax realized income was $316.0 million for the quarter ended September 30, 2024. After-tax realized income per share of Class A common stock was $0.95 for the quarter ended September 30, 2024. Fee related earnings were $339.3 million for the quarter ended Sep