Summary
Ares Management, L.P. filed an 8-K on February 19, 2015, to provide a periodic update on its assets under management (AUM) as of December 31, 2014. This filing comes in anticipation of their fourth quarter and full-year 2014 financial results announcement scheduled for March 5, 2015. The update highlights the significant growth in AUM, particularly after the recent acquisition of Energy Investors Funds (EIF), which closed on January 1, 2015. Investors can glean key insights into the company's scale and growth trajectory from the reported AUM figures. The acquisition of EIF has notably boosted total AUM, demonstrating Ares Management's strategic expansion efforts and its ability to integrate new businesses. The breakdown of AUM by investment group provides a granular view of where the company's assets are deployed, offering clarity on its diversified business model.
Key Highlights
- 1Ares Management, L.P. reported total Assets Under Management (AUM) of approximately $82 billion as of December 31, 2014.
- 2Pro forma for the acquisition of Energy Investors Funds (EIF), which closed on January 1, 2015, AUM increased to approximately $86 billion.
- 3Fee-earning AUM stood at approximately $61 billion as of December 31, 2014, growing to approximately $65 billion pro forma for the EIF acquisition.
- 4AUM was distributed across various groups: Tradable Credit ($32 billion), Direct Lending ($29 billion), Private Equity ($10 billion, $14 billion pro forma for EIF), and Real Estate ($11 billion).
- 5The filing serves as a periodic update in advance of the Q4 and Full Year 2014 earnings release on March 5, 2015.
- 6Definitions for AUM and Fee-earning AUM are provided for clarity.
- 7The company is providing this information contemporaneously with updates to its fund presentation materials and website.