Ares Management Corp Annual Report, Year Ended Dec 31, 2021

Ares Management Corporation (ARES) reported substantial growth in its assets under management (AUM) to $305.8 billion as of December 31, 2021, marking a significant increase from $197.0 billion at the end of 2020. This growth was driven by robust fundraising efforts, raising $76.8 billion in gross new capital across various investment vehicles. The company's diversified platform, spanning Credit, Private Equity, Real Estate, Secondary Solutions, and Strategic Initiatives, demonstrates strong AUM growth across all segments, particularly in the Credit group, which manages $192.7 billion. Financially, Ares Management reported a significant increase in total revenues to $4.21 billion in 2021, up from $1.76 billion in 2020, largely fueled by a substantial rise in carried interest allocation and incentive fees. This revenue growth translated into a strong net income of $918.3 million, a considerable increase from $324.5 million in the prior year, resulting in net income attributable to common stockholders of $386.7 million. The company also announced a quarterly dividend of $0.61 per share for 2022, reflecting confidence in its Fee Related Earnings (FRE) which showed strong growth.