Ares Management Corp (N:ARES)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2000 Ave Of The Stars, 12Th Floor LOS ANGELES CA 90067 |
| Tel: | 1-678-5381981 |
| Website: | https://www.aresmgmt.com |
| IR: | See website |
| Key People | ||
| Antony P. Ressler Executive Chairman of the Board, Co-Founder | Michael J. Arougheti President, Chief Executive Officer, Co-Founder, Director | David B. Kaplan Co-Founder, Partner, Director |
| Bennett Rosenthal Co-Founder, Partner, Director, Chairman of the Ares Private Equity Group | Jarrod Phillips Partner, Chief Financial Officer | Ryan Berry Partner, Chief Marketing and Strategy Officer |
| Robert Kipp deVeer Partner, Head of Credit Group, Director | Naseem Sagati Aghili General Counsel, Secretary | |
| Business Overview |
| Ares Management Corporation is an alternative investment manager. The Company offers its investors a range of investment strategies. The Company segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group and Other. The Company's Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including syndicated loans, high-yield bonds, multi-asset credit, alternative credit investments and direct lending. The Private Equity Group segment categorizes its investment strategies as corporate private equity and special opportunities. Its Real Assets Group segment manages equity and debt strategies across real estate and infrastructure investments. Its Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate and infrastructure. The Company's specialty finance loan portfolio includes consumer loans, small business loans and auto loans, among others. |
| Financial Overview |
| For the nine months ended 30 September 2023, Ares Management Corp revenues increased 22% to $2.58B. Net income applicable to common stockholders increased from $39.4M to $284.4M. Revenues reflect Credit Group segment increase of 26% to $1.38B, Private Equity Group segment increase of 72% to $257M. Net income benefited from Interest and other income of Consolidate increase of 80% to $713M (income). |
| Employees: | 2,550 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $45,956M as of Sep 30, 2023 |
| Annual revenue (TTM): | $3,516M as of Sep 30, 2023 |
| EBITDA (TTM): | $1,317M as of Sep 30, 2023 |
| Net annual income (TTM): | $398.41M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$903.53M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $12,685M as of Sep 30, 2023 |
| Shares outstanding: | 307,210,411 as of Oct 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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