Ares Management Reports Q1 AUM of $644.3B, Up 18% YoY, Secures New Financing Deals
Summary
Ares Management reported first-quarter Assets Under Management (AUM) of $644.3 billion, marking an 18% increase year-over-year. The firm raised $20.4 billion in credit and $6.2 billion in real assets during the quarter, totaling $26.6 billion. This news provides specific details following earlier reports today of record Q1 fundraising and a bullish outlook from the CEO. The strong AUM growth and active participation in new financing deals, such as for Sunstar Insurance Group and Triple JJJ, underscore the firm's robust operational performance and continued expansion. This performance reinforces the positive investment thesis for Ares Management, demonstrating consistent execution in its core alternative asset management business. Investors will continue to monitor progress towards the firm's target of over $750 billion in AUM by 2028.
At the time of this announcement, ARES was trading at $119.00 on NYSE in the Finance sector, with a market capitalization of approximately $26.3B. The 52-week trading range was $95.80 to $195.26. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.