Summary
Ares Management Corporation's 2018 10-K filing reveals a robust year for the global alternative asset manager, marked by significant growth in Assets Under Management (AUM) reaching $130.7 billion, an 18% compound annual growth rate over the decade. The company successfully raised $36.1 billion in gross new capital across its Credit, Private Equity, and Real Estate segments, demonstrating strong fundraising capabilities. Capital deployment also remained strong, with over $22.4 billion invested across its diverse strategies, highlighting effective capital allocation. The company's integrated investment platform, characterized by a collaborative culture and deep expertise across its three core investment groups, continues to be a key differentiator. Ares Management's focus on delivering strong risk-adjusted returns through market cycles, coupled with its expanding product offerings and global presence, positions it well for continued growth. The conversion to a corporation in late 2018 also marks a strategic move to simplify its structure and potentially broaden its investor base.
Financial Highlights
28 data points| Revenue | $958.46M |
| Operating Expenses | $870.36M |
| Net Income | $57.02M |
Key Highlights
- 1Ares Management's Assets Under Management (AUM) grew to $130.7 billion as of December 31, 2018, with a 10-year CAGR of 18%.
- 2The company raised $36.1 billion in gross new capital in 2018 across over 75 funds and 270 institutional investors.
- 3Capital deployment exceeded $22.4 billion in 2018, reflecting active investment across its Credit, Private Equity, and Real Estate segments.
- 4The Credit Group remains the largest segment, managing $95.9 billion in AUM, with Direct Lending being a significant contributor.
- 5The Private Equity Group managed $23.5 billion in AUM, focusing on strategies like Corporate Private Equity, Infrastructure & Power, and Special Opportunities.
- 6The Real Estate Group managed $11.3 billion in AUM, offering both equity and debt strategies.
- 7Ares Management completed its conversion from a Delaware limited partnership to a Delaware corporation in November 2018.