ARES SEC Filings
Ares Management Corp - 199 total filings
Ares Management Corp 8-K Report, Financial Results (Feb 5, 2026)
Ares Management Corp. (ARES) has filed an 8-K report on February 5, 2026, disclosing its financial results for the fourth quarter and full year ended December 31, 2025, via an attached press release and earnings presentation. While the specific financial figures are not detailed in the 8-K itself, these exhibits are crucial for investors seeking to understand the company's performance and financial condition heading into the new fiscal year. Investors should review the referenced exhibits for detailed metrics, operational updates, and forward-looking statements. In addition to its financial results, the company announced a quarterly dividend of $1.35 per share for its Class A common stock. This dividend is scheduled to be paid on March 31, 2026, to shareholders of record as of March 17, 2026. The declaration of a dividend is a positive signal to shareholders, indicating the company's confidence in its earnings and cash flow generation, and provides a direct return on investment.
Ares Management Corp Quarterly Report for Q3 Ended Sep 30, 2025
Ares Management Corporation (ARES) reported robust financial performance for the nine months ended September 30, 2025, with total revenues reaching $4.1 billion, a significant 56% increase year-over-year, driven by strong growth across all segments. The GCP Acquisition, completed in March 2025, significantly contributed to this growth, particularly in the Real Assets segment, adding complementary real estate and digital infrastructure capabilities. Net income attributable to Ares Management Corporation also saw a substantial increase of 65% to $473.1 million for the nine-month period. The company's Assets Under Management (AUM) grew to $595.7 billion, up from $463.8 billion at the end of the prior year, reflecting successful fundraising and deployment of capital. Key drivers included strong performance in credit strategies and the strategic integration of the GCP acquisition. Despite increased operating expenses, largely due to the GCP acquisition and associated integration costs and compensation, the company maintained healthy profitability margins.
Ares Management Corp 8-K Report, Financial Results (Nov 3, 2025)
Ares Management Corp (ARES) has filed an 8-K report on November 3, 2025, primarily to furnish its third-quarter 2025 financial results, as announced in a press release and detailed in an earnings presentation (Exhibits 99.1 and 99.2). Investors should note that this information is furnished, not filed, under Sections 18 and 33 of the Securities Exchange Act and Securities Act, respectively, meaning it generally won't be incorporated into future filings unless specifically referenced. In addition to the quarterly financial results, the report also discloses the declaration of a quarterly dividend. Ares Management Corp will pay a dividend of $1.12 per share of Class A common stock on December 31, 2025, to shareholders of record as of December 17, 2025. This dividend declaration is a key piece of information for income-focused investors.
Ares Management Corp 8-K Report, Regulation FD Disclosure (Sep 25, 2025)
Ares Management Corporation (ARES) has filed a Form 8-K to announce the posting of a presentation on its Investor Resources website. This presentation is intended for an analyst event scheduled for September 25, 2025. While the content of the presentation itself is not detailed in this filing, the disclosure signifies that the company is providing updated information or strategic insights to its analysts, which may be of interest to investors monitoring the company's forward-looking statements and strategic direction. Investors should note that this filing is primarily for informational purposes under Regulation FD, indicating the company's commitment to broad dissemination of material information. The actual presentation, available on the company's website, will likely contain the substantive details regarding any new financial performance updates, business strategies, or market outlooks that Ares Management intends to share with the analyst community. It is recommended that investors visit the provided URL to access and review the presentation for a comprehensive understanding of the information being communicated.
Ares Management Corp Quarterly Report for Q2 Ended Jun 30, 2025
Ares Management Corporation reported a strong second quarter for 2025, driven by significant growth in management fees and a substantial increase in Assets Under Management (AUM). Total revenues increased by 71% year-over-year to $1.35 billion, primarily due to a 25% rise in management fees, bolstered by strong performance across its Credit and Real Assets segments. The acquisition of GCP International in March 2025 significantly contributed to the Real Assets Group's revenue growth, adding new capabilities and geographic reach. Despite increased operating expenses, largely due to integration costs and equity-based compensation, the company's Fee Related Earnings (FRE) saw a robust 26% increase, indicating the core profitability of its operations. Net income attributable to Ares Management Corporation Class A and non-voting common stockholders rose by 18% to $111.75 million, reflecting disciplined cost management and successful integration of recent acquisitions. The company's balance sheet remains strong with total assets growing to $27.26 billion, supported by continued fundraising and strategic capital deployment.
Ares Management Corp 8-K Report, Financial Results (Aug 1, 2025)
Ares Management Corp. (ARES) has filed an 8-K report on August 1, 2025, to announce its financial results for the second quarter ended June 30, 2025. The filing primarily incorporates by reference a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) that detail the company's performance and forward-looking statements. Investors should refer to these attached exhibits for comprehensive financial data and operational updates. In addition to the financial results, the report also discloses the declaration of a quarterly dividend. This highlights the company's commitment to returning capital to shareholders and provides important information for income-focused investors. The press release and earnings presentation are the primary sources of detailed information regarding these announcements.
Ares Management Corp 8-K Report, Shareholder Vote Results (Jun 11, 2025)
Ares Management Corporation (ARES) filed an 8-K on June 10, 2025, detailing the results of its Annual Meeting of Stockholders held on June 6, 2025. The primary focus of this filing is the voting outcomes on several key proposals. All director nominees were overwhelmingly elected, reflecting strong board support. Furthermore, the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2025 received broad approval, indicating continued confidence in their audit services. In addition to governance matters, the meeting addressed executive compensation. The stockholders approved, on a non-binding advisory basis, the compensation of the Company's named executive officers for fiscal year 2024. Crucially, the stockholders also approved, on an advisory basis, a triennial frequency for future say-on-pay votes. Consequently, Ares Management Corporation has affirmed its intention to hold advisory votes on executive compensation every three years, aligning with the stockholders' preference.
Ares Management Corp Quarterly Report for Q1 Ended Mar 31, 2025
Ares Management Corporation (ARES) reported a strong first quarter of 2025, with total revenues increasing significantly to $1.09 billion, driven by robust growth in management fees and a notable recovery in carried interest allocation. The company's strategic acquisition of GCP International in March 2025 bolstered its Real Assets segment, contributing substantially to revenue and AUM growth. Despite increased operating expenses, particularly in compensation and benefits due to the acquisition and equity awards, Ares maintained healthy fee-related earnings (FRE) across its segments. Total Assets under Management (AUM) saw a substantial increase, reaching $545.9 billion, with Fee-Paying AUM (FPAUM) also growing to $335.1 billion. This growth reflects successful fundraising efforts and the strategic integration of GCP International. The company's credit segment continues to be a strong performer, with significant contributions to both FRE and realized income. While the overall net income attributable to common stockholders declined year-over-year, this was primarily due to increased preferred stock dividends and a shift in income allocation. The company's liquidity remains strong, supported by operating cash flows and available credit facilities.
Ares Management Corp 8-K Report, Financial Results (May 5, 2025)
Ares Management Corp (ARES) filed an 8-K on May 5, 2025, to announce its financial results for the first quarter ended March 31, 2025. The filing incorporates by reference a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) detailing these results. Investors should note that the information furnished under Items 2.02 and 7.01 is being provided for informational purposes and is not deemed "filed" under Section 18 of the Securities Exchange Act of 1934, nor incorporated into other SEC filings unless explicitly stated. Key financial information, including the company's performance for the first quarter of 2025, is expected to be found within the attached press release and earnings presentation. Additionally, the company announced the declaration of a quarterly dividend, signaling a commitment to returning capital to shareholders. This dividend of $1.12 per share of Class A common stock is payable on June 30, 2025, to stockholders of record as of June 16, 2025.
Ares Management Corp 8-K Report, Material Agreement (Apr 25, 2025)
Ares Management Corp (ARES) announced a significant amendment to its credit facility, extending its maturity date to April 22, 2030, and increasing the total borrowing capacity. The primary borrower, Ares Holdings L.P., along with certain subsidiaries, entered into Amendment No. 13 to their Sixth Amended and Restated Credit Agreement. This amendment is a positive development for investors as it enhances financial flexibility and strengthens the company's liquidity position by increasing the revolver commitments and accordion feature, allowing for a potential aggregate borrowing of up to $2.5 billion. Furthermore, the amendment includes more favorable pricing terms, reducing the applicable margins for various loan types and the unused commitment fee. These lower borrowing costs, tied to the company's debt ratings, suggest improved creditworthiness or a strategic effort to optimize its cost of capital. The extended maturity also provides long-term certainty for funding operations and strategic initiatives, which is a key consideration for evaluating the stability and growth prospects of Ares Management Corp.
Ares Management Corp 8-K Report, Unregistered Securities Sale (Mar 3, 2025)
Ares Management Corporation (ARES) announced the closing of its acquisition of the international business of GLP Capital Partners Limited and its affiliates, excluding Greater China operations (GCP International), on March 1, 2025. This significant transaction, referred to as the GCP Acquisition, was also accompanied by existing capital commitments to certain managed funds. As partial consideration for the acquisition, Ares will issue up to 10,464,654 shares of its Class A common stock and 2,098,332 restricted units (RSUs) to the service provider sellers of GCP International. These securities are being issued under Section 4(a)(2) of the Securities Act of 1933, indicating an unregistered sale of equity securities to sophisticated investors. The GCP Acquisition is expected to expand Ares' global footprint and diversify its offerings. The issuance of new shares will result in some dilution to existing shareholders, but it is a key component of funding this strategic move. Investors should monitor the integration of GCP International and its impact on Ares' future earnings and AUM growth. The company has provided a press release detailing this event, which is furnished as part of this filing.
Ares Management Corp Annual Report, Year Ended Dec 31, 2024
Ares Management Corporation (ARES) reported robust growth in its 2024 annual report, with total Assets Under Management (AUM) reaching $484.4 billion, a significant increase from the prior year. The company experienced strong fundraising, securing $92.7 billion in new capital commitments, with a substantial 85% coming from existing investors, indicating high client satisfaction and confidence in Ares' management capabilities and diverse product offerings. The firm demonstrated solid deployment of capital, investing $106.7 billion across its platform, which bodes well for future fee generation. The Credit segment remains the largest contributor to AUM and Fee Paying AUM (FPAUM), showing continued strength. While Fee Related Earnings (FRE) saw a healthy increase, reflecting the recurring revenue from management fees, net realized performance income was lower year-over-year, primarily due to a decrease in carried interest allocation, particularly in the Private Equity segment, influenced by market depreciation in certain investments. Looking ahead, Ares is focused on expanding its product offerings and distribution channels, including a growing presence in the wealth management sector. The company's diversified investment strategies and commitment to attracting and retaining talent are key drivers of its performance. Despite market volatility, Ares' strong track record and disciplined investment approach position it well for continued growth and value creation for its stakeholders.
Ares Management Corp 8-K Report, Executive Changes (Feb 5, 2025)
Ares Management Corporation (ARES) has announced a significant leadership transition, appointing R. Kipp deVeer and Blair Jacobson as Co-Presidents, effective February 5, 2025. This move sees Michael J Arougheti stepping down from the President role, though he will continue as Chief Executive Officer and a member of the Board. Both new Co-Presidents are seasoned leaders within Ares, bringing extensive experience from various credit and investment groups within the firm. This appointment reflects a strategic alignment of operational leadership at the presidential level, likely aimed at further enhancing the company's growth and operational efficiency across its diverse investment strategies. Investors should note that the continuity of Michael J Arougheti as CEO ensures a stable strategic vision, while the elevation of deVeer and Jacobson suggests a deepening of the management bench and a clear path for succession and specialized leadership within the organization.
Ares Management Corp 8-K Report, Financial Results (Feb 5, 2025)
Ares Management Corp. (ARES) filed an 8-K on February 5, 2025, to announce its financial results for the fourth quarter and full year ended December 31, 2024. While the specific financial figures are detailed in the attached press release and earnings presentation (Exhibit 99.1 and 99.2), the filing also discloses the declaration of a quarterly dividend. Investors should note that the information provided in this 8-K, including the financial results and dividend announcement, is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934. This means it will not automatically be incorporated into future SEC filings unless explicitly referenced. The key takeaways for shareholders will likely stem from the performance metrics and the forward-looking guidance provided within the accompanying earnings materials.
Ares Management Corp Quarterly Report for Q3 Ended Sep 30, 2024
Ares Management Corporation (ARES) reported solid financial results for the nine months ended September 30, 2024. Total revenues increased to $2.63 billion, up 2% year-over-year, driven by strong growth in management fees, which rose 17% to $2.18 billion. This growth was primarily attributed to increased fee-paying assets under management (FPAUM) across its Credit, Real Assets, and Secondaries segments, supported by successful capital deployment and new fund launches. Net income attributable to Ares Management Corporation common stockholders saw a slight decrease of 5% to $286.4 million for the nine-month period, influenced by higher operating expenses, particularly in compensation and benefits, and acquisition-related costs. Despite these increases in expenses, the company's Fee Related Earnings (FRE) and Realized Income (RI) demonstrated robust growth, indicating the strength of its core recurring revenue streams and operational efficiency. The company also reported significant growth in Assets Under Management (AUM) to $463.8 billion, up 17.4% year-over-year, highlighting continued fundraising success and investor confidence. The company is actively pursuing strategic growth, with significant acquisitions announced in September and October 2024, including Walton Street Capital Mexico and GLP Capital Partners' international business, which are expected to enhance its global real estate and alternative asset management capabilities. These strategic moves, coupled with consistent growth in its core segments and a strong focus on generating Fee Related Earnings, position Ares Management for continued expansion and value creation for its shareholders.
Ares Management Corp 8-K Report, Financial Results (Nov 1, 2024)
Ares Management Corp. (ARES) filed an 8-K on November 1, 2024, primarily to report its third-quarter 2024 financial results and announce a quarterly dividend. The key takeaway for investors is the company's financial performance for the period ending September 30, 2024, detailed in their press release and earnings presentation, which are attached as exhibits to this filing. In addition to the financial results, ARES declared a quarterly dividend of $0.93 per share for its Class A common stock. This dividend is payable on December 31, 2024, to shareholders of record as of December 17, 2024, providing a concrete return to investors. Investors should refer to the attached exhibits (99.1 and 99.2) for the full details of the financial performance and any accompanying commentary.
Ares Management Corp 8-K Report, Material Agreement (Oct 11, 2024)
Ares Management Corporation (ARES) has announced the issuance of $750 million in aggregate principal amount of 5.600% Senior Notes due 2054. This debt offering, facilitated by an underwriting agreement with Morgan Stanley & Co. LLC and Citigroup Global Markets Inc., expands the company's long-term debt obligations. The notes are unsecured and unsubordinated, and are fully and unconditionally guaranteed by several of Ares' subsidiaries, providing an additional layer of security for noteholders. These notes mature in 2054 and carry a fixed interest rate of 5.600%, payable semi-annually. The issuance leverages a previously established shelf registration statement, indicating a strategic move to access capital markets to support its ongoing operations and growth initiatives. The indenture includes standard covenants related to debt incurrence and asset dispositions, along with provisions for default and early redemption options for the company. Investors should note the long-term nature of this debt and its implications for the company's capital structure.
Ares Management Corp 8-K Report, Material Agreement (Oct 10, 2024)
Ares Management Corporation (ARES) has filed an 8-K report detailing the issuance of its new 6.75% Series B Mandatory Convertible Preferred Stock. This offering, which successfully closed on October 10, 2024, raised approximately $1.5 billion in aggregate liquidation preference, with an additional $150 million potentially raised from the underwriters' over-allotment option. The net proceeds are earmarked for the acquisition of the international business of GLP Capital Partners Ltd. and related fees, as well as general corporate purposes such as debt repayment and strategic growth initiatives. The Series B Mandatory Convertible Preferred Stock carries a significant liquidation preference and ranks senior to the Company's common stock regarding dividends and asset distribution. The preferred stock accumulates cumulative dividends at a 6.75% annual rate, payable quarterly, with the option for Ares to pay these dividends in cash, common stock, or a combination thereof. A critical feature is the mandatory conversion into common stock on or about October 1, 2027, with the conversion rate dependent on the average common stock price over a specified period, subject to anti-dilution adjustments and potential adjustments for unpaid dividends.
Ares Management Corp 8-K Report, Unregistered Securities Sale (Oct 8, 2024)
Ares Management Corporation (ARES) has announced a significant acquisition, agreeing to acquire the international business of GLP Capital Partners Limited (GCP International) for approximately $3.7 billion. The transaction is structured with an initial consideration of $1.8 billion in cash and $1.9 billion in equity, comprising shares of Class A common stock and restricted stock units (RSUs). This equity component is expected to represent about 6% of Ares' outstanding shares as of September 30, 2024. In addition to the initial consideration, the acquisition includes an earn-out provision of up to $1.5 billion, contingent on achieving financial targets related to the growth of Japan and data center businesses through the end of 2027. Ares has the option to pay up to 85% of this earn-out in its Class A common stock, potentially leading to further equity dilution. The deal is anticipated to close in the first half of 2025, subject to regulatory approvals and other closing conditions. Ares has secured a $2.0 billion bridge loan facility to support the cash portion of the acquisition, with plans to use cash on hand and potentially other debt or equity issuances.
Ares Management Corp Quarterly Report for Q2 Ended Jun 30, 2024
Ares Management Corporation (ARES) reported its second quarter 2024 financial results, showing a decrease in net income attributable to common stockholders compared to the prior year. Total revenues declined significantly, largely due to a substantial drop in carried interest allocation, which swung from a strong positive in the prior year's comparable period to a negative in the current quarter. This was partially offset by strong growth in management fees, driven by capital deployment and new fund launches across various segments, particularly Credit and Real Assets. The company's Fee Related Earnings (FRE) saw a healthy increase, indicating resilience in its core, recurring revenue streams despite the overall revenue decline. Despite the headline revenue decrease, the company's operational execution appears solid, with Fee Related Earnings (FRE) growing 22% year-over-year, underscoring the sticky nature of its management fee base. Assets Under Management (AUM) and Fee Paying Assets Under Management (FPAUM) also continued to grow across key segments. Management's commentary highlights continued opportunities in private credit due to constrained bank lending and a focus on resilient industries in private equity. While the report indicates a challenging market for private equity realizations, Ares' diversified business model and focus on value-add strategies position it to navigate these conditions.
Ares Management Corp 8-K Report, Financial Results (Aug 2, 2024)
Ares Management Corporation (ARES) filed an 8-K on August 2, 2024, primarily to announce its financial results for the second quarter ended June 30, 2024. The filing includes a press release and an earnings presentation, both furnished and not deemed "filed" for regulatory purposes, containing detailed operational and financial information for the quarter. Investors should refer to these attached exhibits for a comprehensive understanding of the company's performance. In addition to the quarterly results, the 8-K also disclosed the declaration of a quarterly dividend. ARES will pay $0.93 per share of its Class A common stock on September 30, 2024, to shareholders of record as of September 16, 2024. This dividend declaration is a key piece of information for income-focused investors, indicating continued capital return to shareholders.
Ares Management Corp 8-K Report, Corporate Update (Jul 11, 2024)
Ares Management Corporation (ARES) has filed an 8-K report detailing the full exercise of an over-allotment option related to a previous stock offering. The company sold an additional 397,500 shares of its Class A common stock to the underwriters on July 11, 2024. This exercise of the option brings the total net proceeds from the offering to approximately $408.21 million, after accounting for underwriting discounts and commissions but before other offering expenses. This event indicates a successful placement of additional equity, enhancing the company's capital base.
Ares Management Corp 8-K Report, Corporate Update (Jun 14, 2024)
Ares Management Corporation (ARES) announced the closing of a secondary offering of 2,650,000 shares of Class A common stock on June 14, 2024. This offering was conducted under a shelf registration statement previously filed with the SEC. The company also granted the underwriters an option to purchase an additional 397,500 shares, indicating potential for further equity issuance. As part of the underwriting agreement, Ares Management has agreed to a 45-day lock-up period on the sale or transfer of its Class A common stock or related convertible securities, starting from June 12, 2024. This event signifies a capital markets activity undertaken by Ares to potentially enhance its liquidity or fund ongoing operations and growth initiatives. Investors should note the size of the offering and the associated lock-up period, which temporarily restricts significant selling pressure from insiders and early investors. The company has also included standard forward-looking statements, reminding investors of inherent risks and uncertainties in its business and future performance, referencing its previously filed 10-K and 10-Q reports for more detailed risk factor discussions.
Ares Management Corp 8-K Report, Shareholder Vote Results (Jun 6, 2024)
Ares Management Corporation (ARES) held its Annual Meeting of Stockholders on June 4, 2024, where key governance matters were voted upon. The primary outcomes included the election of all director nominees and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the upcoming fiscal year. These outcomes are generally positive for the company, indicating strong shareholder support for the existing board and its chosen auditor. Investors should note the overwhelming support for the director nominees, with 'FOR' votes significantly outnumbering 'AGAINST' votes across all candidates. Similarly, the ratification of the independent auditor received widespread approval. The high number of broker non-votes on the director election proposal, while not uncommon, suggests that a portion of shares held in street name did not have their beneficial owners provide voting instructions on this specific matter. Overall, the meeting reflects shareholder confidence in the current leadership and financial oversight of Ares Management.
Ares Management Corp 8-K Report, Regulation FD Disclosure (May 21, 2024)
Ares Management Corporation filed an 8-K on May 21, 2024, to announce its previously scheduled Investor Day, which is taking place on May 21, 2024. The company is making a presentation available on the Investor Resources section of its website, www.ares-ir.com, which will be used during the event. This filing serves primarily as a notification and to provide access to the presentation materials for investors. A replay of the event will also be accessible via the company's website following the live stream.
Ares Management Corp Quarterly Report for Q1 Ended Mar 31, 2024
Ares Management Corporation reported mixed financial results for the first quarter of 2024. Total revenues decreased by 13% year-over-year to $707.4 million, primarily due to a significant drop in carried interest allocation, which was down 150% from the prior year. This was partially offset by a 15% increase in management fees, reaching $687.7 million, and a 23% rise in administrative, transaction, and other fees. Net income attributable to common stockholders declined by 22% to $73.0 million. Despite the revenue dip, the company saw growth in Fee Related Earnings (FRE), up 18% to $301.7 million, and Realized Income (RI), up 14% to $289.2 million, highlighting the resilience of its core fee-generating businesses. Assets Under Management (AUM) grew to $428.3 billion, an increase from $360.3 billion in the prior year, demonstrating continued fundraising success. The company also amended its credit facility, increasing commitments and extending its maturity, indicating proactive balance sheet management.
Ares Management Corp 8-K Report, Financial Results (May 2, 2024)
Ares Management Corp (ARES) filed an 8-K on May 2, 2024, primarily to furnish its first-quarter 2024 financial results and related materials. The report incorporates by reference a press release and an earnings presentation, both dated May 2, 2024, which contain the company's operational and financial performance for the quarter ended March 31, 2024. Investors should refer to these attached exhibits for detailed financial figures, performance metrics, and management commentary. Additionally, the filing announces the declaration of a quarterly dividend of $0.93 per share for Class A common stock, payable on June 28, 2024, to shareholders of record on June 14, 2024. This dividend declaration underscores the company's commitment to returning capital to shareholders. It's important to note that the information furnished in this 8-K is not considered 'filed' for certain regulatory purposes unless specifically incorporated into other filings.
Ares Management Corp 8-K Report, Material Agreement (Apr 3, 2024)
Ares Management Corp (ARES) announced a significant amendment to its credit facility, extending its maturity date and increasing its borrowing capacity. Specifically, Ares Holdings L.P., a subsidiary, entered into Amendment No. 12 to its Sixth Amended and Restated Credit Agreement, pushing the maturity to March 28, 2029. This amendment also boosts the revolving credit commitments to $1.4 billion, with an additional accordion feature allowing for a further $600 million, bringing the total potential borrowing to $2 billion. Investors should note the inclusion of sustainability-linked metrics that can adjust fees and margins, aligning with current ESG trends. While the core purpose is to enhance financial flexibility, the company has also made adjustments to certain covenant restrictions and other technical provisions within the agreement.
Ares Management Corp Annual Report, Year Ended Dec 31, 2023
Ares Management Corporation (ARES) reported strong performance in its 2023 10-K filing, highlighted by significant growth in Assets Under Management (AUM) reaching $418.8 billion, a testament to its robust fundraising capabilities and diverse investment strategies across Credit, Private Equity, Real Assets, and Secondaries. The company demonstrated solid financial results, with total revenues increasing by 19% year-over-year, driven primarily by a substantial rise in management fees and a significant increase in carried interest allocation. This growth was supported by effective capital deployment of $68.1 billion and successful fundraising efforts that attracted capital from a broad base of institutional investors, with 88% of new capital coming from existing investors, underscoring client satisfaction. Key operational highlights include a 14% increase in compensation and benefits (excluding acquisition-related charges), reflecting headcount growth and expanded business activities. The company also emphasized its commitment to ESG principles and Diversity, Equity, and Inclusion (DEI) initiatives, integrating them into its business and investment processes. Despite market volatility and economic uncertainties, Ares maintained a strong focus on its disciplined, credit-oriented investment philosophy, positioning itself for continued growth and value creation for its stakeholders.
Ares Management Corp 8-K Report, Financial Results (Feb 8, 2024)
Ares Management Corporation (ARES) filed an 8-K on February 8, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. While the filing itself is brief, it incorporates by reference a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) which contain the detailed financial and operational performance data for the period. Investors should refer to these exhibits for comprehensive insights into the company's performance, including key metrics, segment results, and forward-looking statements. Additionally, the 8-K announced the declaration of a quarterly dividend of $0.93 per share for its Class A common stock, payable on March 29, 2024. This dividend declaration is a key piece of information for income-focused investors and signifies the company's commitment to returning capital to shareholders. The information provided is furnished and not deemed "filed" for certain regulatory purposes.
Ares Management Corp 8-K Report, Executive Changes (Feb 2, 2024)
Ares Management Corporation (ARES) announced a significant compensation restructuring for key executives and senior professionals within its Credit Group, including CEO Michael J. Arougheti and Kipp deVeer. Effective January 31, 2024, these individuals have agreed to reduce their 2024 incentive fee allocations in exchange for restricted stock units (RSUs). This move is designed to align executive compensation more closely with long-term shareholder value and potentially reduce immediate cash payouts for the company. The company granted an aggregate of 1.6 million RSUs, with 400,000 RSUs each for Messrs. Arougheti and deVeer. These RSUs vest over four years, commencing in June 2026 and concluding in June 2029, contingent upon continued service. Furthermore, the company retains the option to grant additional RSUs in 2025 and 2026 in exchange for further reductions in incentive fee allocations for those years, demonstrating a commitment to sustained executive engagement and performance.
Ares Management Corp 8-K Report, Material Agreement (Nov 13, 2023)
Ares Management Corporation (ARES) has filed an 8-K report detailing the issuance of $500 million in aggregate principal amount of 6.375% Senior Notes due 2028. These notes were issued on November 10, 2023, under an underwritten public offering and are governed by an indenture that includes the company and several of its subsidiaries as guarantors. The offering was made pursuant to a previously filed shelf registration statement. The notes are unsecured and unsubordinated obligations of the company, fully and unconditionally guaranteed by the specified guarantors. The indenture contains customary covenants restricting the company and its guarantors from incurring certain secured indebtedness or engaging in mergers or asset sales. The report also outlines provisions for redemption of the notes, including an option for early redemption under certain conditions.
Ares Management Corp Quarterly Report for Q3 Ended Sep 30, 2023
Ares Management Corporation (ARES) reported its third-quarter 2023 financial results, demonstrating solid growth in management fees and resilient performance across its diverse investment strategies despite a challenging macroeconomic environment. Total revenues saw a significant increase year-over-year, driven by a robust rise in management fees across its Credit, Real Assets, and Secondaries segments. While performance fees and carried interest allocation experienced volatility due to market conditions and valuation adjustments, particularly in the Private Equity segment, the overall Fee Related Earnings (FRE) and Realized Income (RI) showed strong year-over-year growth, underscoring the stability of its recurring revenue streams. Financially, the company maintained a healthy liquidity position, with significant assets under management (AUM) and fee-paying AUM (FPAUM) growth driven by successful capital deployment and fundraising efforts. The company's diversified business model, with a strong emphasis on perpetual capital and long-dated funds, provides a stable foundation. Key strategic initiatives, including recent acquisitions and partnerships, are positioning Ares for continued expansion and market leadership in alternative investments. Investors should note the company's ongoing focus on expanding its global reach and enhancing its product offerings, particularly in the wealth management channel.
Ares Management Corp 8-K Report, Financial Results (Oct 31, 2023)
Ares Management Corp (ARES) filed an 8-K on October 31, 2023, primarily to furnish its third-quarter 2023 financial results and a related earnings presentation. The press release, incorporated by reference, details the company's performance for the quarter ended September 30, 2023. Investors should note that this information is being furnished and not deemed "filed" under the Securities Exchange Act of 1934, meaning it doesn't automatically become part of other SEC filings unless specifically referenced. In addition to the financial results, the 8-K also announces the declaration of a quarterly dividend of $0.77 per share for Class A common stock, payable on December 29, 2023, to shareholders of record as of December 15, 2023. The detailed earnings presentation provides further insights into the company's operational and financial condition for the period.
Ares Management Corp Quarterly Report for Q2 Ended Jun 30, 2023
Ares Management Corporation (ARES) reported a strong second quarter of 2023, driven by significant growth in management fees and a substantial increase in carried interest allocation. Total revenues surged by 82% year-over-year to $1.09 billion, primarily fueled by a 153% increase in carried interest allocation, reaching $418.5 million. This growth reflects the strong performance of their underlying investments across various segments. Fee Related Earnings (FRE) saw a healthy increase of 21% to $266.1 million, indicating the company's ability to generate consistent, recurring revenue streams that cover its operational expenses. The Credit Group, in particular, demonstrated robust FRE growth of 26%, driven by strong management fee contributions from its direct lending and alternative credit strategies. Overall, the company continues to exhibit effective management of its assets under management (AUM), with AUM growing to $377.6 billion, up from $334.3 billion in the prior year period, demonstrating successful fundraising and capital deployment.
Ares Management Corp 8-K Report, Financial Results (Aug 1, 2023)
Ares Management Corp (ARES) filed an 8-K on August 1, 2023, primarily to furnish its second quarter 2023 financial results and a dividend declaration, as detailed in accompanying press releases and an earnings presentation. While the 8-K itself is largely procedural, it directs investors to these attached documents for substantive information regarding the company's operational performance and financial condition for the quarter ended June 30, 2023. Investors should refer to the referenced press release (Exhibit 99.1) and earnings presentation (Exhibit 99.2) for specific details on financial results, as the 8-K itself does not contain this information directly. The company also announced the declaration of its quarterly dividend. A dividend of $0.77 per share for its Class A common stock was declared, with a payment date of September 29, 2023, and a record date of September 15, 2023. This dividend declaration is a key takeaway for income-focused investors, indicating ongoing capital returns to shareholders.
Ares Management Corp 8-K Report, Shareholder Vote Results (Jun 15, 2023)
Ares Management Corporation (ARES) filed an 8-K on June 15, 2023, detailing the results of its Annual Meeting of Stockholders held on June 12, 2023. The primary outcomes of the meeting include the overwhelming election of all nominated directors to serve one-year terms and the ratification of Ernst & Young LLP as the independent registered public accounting firm for the fiscal year 2023. Additionally, stockholders approved the Ares Management Corporation 2023 Equity Incentive Plan. The voting results across all proposals indicate strong shareholder support, with significant 'FOR' votes and relatively low 'AGAINST' and 'ABSTAIN' tallies, reflecting broad confidence in the company's governance and executive compensation strategies.
Ares Management Corp Quarterly Report for Q1 Ended Mar 31, 2023
Ares Management Corporation reported solid financial performance for the first quarter of 2023, with total revenues increasing by 14% year-over-year to $813.4 million. Net income attributable to Ares Management Corporation Class A and non-voting common stockholders surged by 105% to $94.0 million, or $0.49 per diluted share. This growth was driven by a significant increase in management fees, up 26% to $600.5 million, reflecting strong fundraising and capital deployment across its Credit, Private Equity, Real Assets, and Secondaries segments. Despite a decrease in carried interest and incentive fees compared to the prior year, the company demonstrated resilience and effective management of its diverse investment strategies. The company's Assets Under Management (AUM) grew to $360.3 billion, up from $325.0 billion in the prior year's first quarter, highlighting continued investor confidence and the success of its long-term investment focus. The company's Fee Paying Assets Under Management (FPAUM) also saw a healthy increase, reaching $233.9 billion from $199.0 billion year-over-year. This growth underscores the increasing revenue-generating base for Ares. The company's Fee Related Earnings (FRE) increased by 24% to $254.6 million, demonstrating the core profitability of its asset management operations. The company's diversified business segments performed well, with the Credit Group showing particularly strong growth in Fee Related Earnings. The company maintains a robust liquidity position, with $272.2 million in cash and cash equivalents at the end of the quarter.
Ares Management Corp 8-K Report, Financial Results (Apr 28, 2023)
Ares Management Corp. (ARES) has filed an 8-K report on April 28, 2023, to disclose its first-quarter financial results for the period ended March 31, 2023. The report primarily references a press release and an earnings presentation, which contain the detailed financial and operational information for the quarter. Investors should refer to these attached exhibits for comprehensive insights into the company's performance. In addition to the financial results, the filing also announces the declaration of a quarterly dividend. This dividend of $0.77 per share for Class A common stock is scheduled to be paid on June 30, 2023, to shareholders of record on June 16, 2023. This communication is furnished and not deemed filed under Section 18 of the Exchange Act, meaning it's for informational purposes unless specifically incorporated into other filings.
Ares Management Corp 8-K Report, Corporate Update (Feb 28, 2023)
Ares Management Corp (ARES) announced on February 27, 2023, that Michael J. Arougheti, a key executive officer and director, along with a controlled entity, has established a Rule 10b5-1 trading plan. This plan allows for the sale of up to 1,430,301 shares of the Company's Class A common stock, commencing no earlier than May 24, 2023, and concluding by May 23, 2024, or earlier if all shares are sold. The stated purpose of this plan is for estate planning. This announcement is important for investors as it provides transparency regarding potential future stock sales by a significant insider. While the plan is designed to adhere to Rule 10b5-1, which provides an affirmative defense against allegations of insider trading by establishing pre-determined trading schedules, investors should monitor these sales. The disclosed maximum number of shares represents a notable portion of the company's outstanding stock, and their sale, even if orderly, could exert some selling pressure on the stock price. The company has emphasized that the plan was adopted during an authorized trading period and without possession of material non-public information, and that transactions will be reported via Form 144 and Form 4 filings.
Ares Management Corp Annual Report, Year Ended Dec 31, 2022
Ares Management Corporation's 2022 10-K filing highlights a robust year characterized by significant AUM growth, reaching $352.0 billion. The company successfully raised $56.8 billion in gross new capital across its diverse investment strategies, with a strong emphasis on existing investors. The firm's integrated platform, encompassing Credit, Private Equity, Real Assets, Secondaries, and Strategic Initiatives, demonstrates broad expertise and a disciplined investment approach. Ares continues to prioritize talent development, a collaborative culture, and ESG integration into its business practices. While the company experienced a decrease in net income attributable to Class A and non-voting common stockholders in 2022 compared to 2021, this was largely driven by a significant decline in carried interest allocation due to market conditions impacting performance income. Management fees, however, showed strong growth, reflecting the expansion of AUM and successful fundraising efforts.
Ares Management Corp 8-K Report, Regulation FD Disclosure (Feb 21, 2023)
Ares Management Corp (ARES) filed an 8-K on February 21, 2023, primarily to disclose that the company is making a presentation available on its Investor Resources website. This presentation is intended for analysts and will be used in upcoming discussions. The filing emphasizes that information posted on their website is for distribution purposes and is not formally incorporated into SEC filings unless explicitly stated. Investors should note that this 8-K does not contain new financial results or material operational updates, but rather serves as a notification of accessible investor presentation materials.
Ares Management Corp 8-K Report, Financial Results (Feb 9, 2023)
Ares Management Corp (ARES) filed an 8-K on February 9, 2023, primarily to announce its fourth quarter and full-year financial results for 2022. The filing incorporates by reference a press release and an earnings presentation, which contain the detailed financial performance data. Investors should refer to these attached exhibits for comprehensive insights into the company's operational and financial condition for the period ended December 31, 2022. Additionally, the 8-K disclosed the declaration of a quarterly dividend of $0.77 per share for Class A common stock, payable on March 31, 2023, to shareholders of record on March 17, 2023. This dividend declaration is a key piece of information for income-focused investors, signaling the company's continued commitment to returning capital to shareholders.
Ares Management Corp 8-K Report, Executive Changes (Jan 5, 2023)
Ares Management Corporation (ARES) announced a significant addition to its Board of Directors, appointing Ashish Bhutani as a Class II director, effective January 1, 2023. Mr. Bhutani's appointment fills a vacancy and brings a wealth of experience from his extensive career in asset management, most notably as the former Chairman of Lazard Asset Management (LAM) and Vice Chairman of Lazard Ltd. His background includes leadership roles with substantial assets under management, spanning both traditional and alternative investment strategies. Mr. Bhutani is deemed independent under NYSE and SEC standards and has been appointed to the Board's Conflicts Committee. His expertise is expected to be a valuable asset to the company's governance and strategic direction. The filing also includes a press release detailing this appointment, furnished as an exhibit.
Ares Management Corp Quarterly Report for Q3 Ended Sep 30, 2022
Ares Management Corporation reported a net loss of $48.8 million for the third quarter of 2022, a significant decrease from a net income of $216.7 million in the same period of the prior year. This decline was primarily driven by a substantial decrease in carried interest allocation, which fell from $460.7 million to $192.2 million year-over-year, reflecting weaker market performance in private equity and credit funds. Despite the drop in carried interest, management and administrative fees saw robust growth, increasing by 22% and 62% respectively, driven by capital deployment in direct lending and recent acquisitions. The company's Assets Under Management (AUM) continued to grow, reaching $341.4 billion, up from $305.8 billion at the end of 2021, primarily supported by net new commitments and capital deployment across its segments. Operating expenses, however, rose significantly, driven by higher compensation and benefits due to headcount growth and strategic initiatives, as well as a substantial non-cash impairment charge of $181.6 million related to intangible assets, primarily the Landmark trade name and a management contract. The company's balance sheet remains solid, with total assets of $21.2 billion and total liabilities of $16.6 billion as of September 30, 2022. While the quarterly results reflect current market challenges, Ares Management continues to expand its AUM and management fee base, providing a foundation for future performance.
Ares Management Corp 8-K Report, Financial Results (Oct 27, 2022)
Ares Management Corp (ARES) filed an 8-K on October 27, 2022, to announce its third-quarter financial results for the period ended September 30, 2022. The filing incorporates by reference a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) that provide detailed operational and financial condition updates. Investors should note that the information furnished under Items 2.02 and 7.01 is not considered 'filed' for Section 18 purposes unless specifically incorporated into other filings, meaning it doesn't automatically become part of broader registration statements or periodic reports without explicit mention. The company also announced the declaration of a quarterly dividend of $0.61 per share for its Class A common stock. This dividend is payable on December 30, 2022, to stockholders of record as of December 16, 2022. This dividend declaration is a key piece of information for income-focused investors, signaling continued capital return to shareholders.
Ares Management Corp Quarterly Report for Q2 Ended Jun 30, 2022
Ares Management Corporation (ARES) reported its second quarter 2022 financial results, showing a year-over-year decrease in total revenues, primarily driven by a significant drop in carried interest allocation, which fell from $852.5 million in Q2 2021 to $47.3 million in Q2 2022. This decline was partially offset by substantial growth in management fees, which increased by 42% year-over-year to $520.6 million, reflecting strong fundraising and deployment across various strategies, particularly in direct lending. Despite the challenging macroeconomic environment marked by rising inflation, tighter financial conditions, and recession risks, Ares Management demonstrated resilience. The company's Fee Related Earnings (FRE), a key metric for its recurring business, grew significantly, indicating the strength of its core advisory and management operations. While net income attributable to common stockholders saw a year-over-year decrease due to lower performance fees and principal investment losses, the company's diversified business model and long-term investment focus position it to navigate market volatility. The company's Assets Under Management (AUM) continued to grow, reaching $334.3 billion as of June 30, 2022, up from $247.9 billion in the prior year period.
Ares Management Corp 8-K Report, Financial Results (Jul 28, 2022)
Ares Management Corp (ARES) filed an 8-K on July 28, 2022, to report its financial results for the second quarter ended June 30, 2022. The filing primarily directs investors to a press release (Exhibit 99.1) and an earnings presentation (Exhibit 99.2) that contain the detailed financial information. Investors should review these attached documents for a comprehensive understanding of the company's performance during the quarter. Notably, the company also announced the declaration of its quarterly dividend, indicating a continued commitment to returning capital to shareholders.
Ares Management Corp 8-K Report, Corporate Update (Jun 16, 2022)
Ares Management Corp. (ARES) has disclosed that certain executive officers and directors have entered into Rule 10b5-1 trading plans to sell shares of Class A common stock. Specifically, David Kaplan and Bennett Rosenthal have each established plans to sell up to 500,000 shares. These sales are scheduled to commence no earlier than October 17, 2022, and will conclude by April 30, 2023, or upon the completion of the sale of all allotted shares. The company emphasizes that these plans were adopted during authorized trading periods when the participants were not in possession of material non-public information. The primary stated purpose for these sales is estate planning. While these individual plans are being disclosed, Ares Management also notes that other insiders and employees may establish similar plans in the future, but the company will not systematically report on them unless legally required.
Ares Management Corp 8-K Report, Shareholder Vote Results (Jun 10, 2022)
Ares Management Corporation (ARES) filed an 8-K on June 9, 2022, reporting the outcomes of its Annual Meeting of Stockholders held on June 8, 2022. The primary focus of the filing is the voting results on several key proposals presented to shareholders. All director nominees were elected, the appointment of Ernst & Young LLP as the independent registered public accounting firm for fiscal year 2022 was ratified, and the company's executive compensation for fiscal year 2021 received advisory approval. This filing provides transparency on shareholder governance and corporate oversight. The strong majority support for the elected directors and the ratification of the auditor indicate shareholder confidence in the company's leadership and financial reporting practices. The advisory approval of executive compensation, while generally favorable, will be of interest to investors monitoring executive pay practices and alignment with performance.