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
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Key People
Antony P. Ressler
Executive Chairman of the Board, Co-Founder
Julie Solomon
Co-Head of Real Estate
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
Bill Benjamin
Head of Real Estate
   
Business Overview
Ares Management Corporation is a global alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. The Company's segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. Its global platform has approximately $419 billion of assets under management.
Financial Overview
For the fiscal year ended 31 December 2023, Ares Management Corp revenues increased 19% to $3.63B. Net income applicable to common stockholders increased from $153.4M to $453M. Revenues reflect Credit Group segment increase of 33% to $2.22B, Unallocated segment increase from $175.4M to $395.6M. Net income benefited from Interest and other income of Consolidate increase of 70% to $995.5M (income).
Employees: 2,850 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $55,202M as of Dec 31, 2023
Annual revenue (TTM): $3,632M as of Dec 31, 2023
EBITDA (TTM): $1,165M as of Dec 31, 2023
Net annual income (TTM): $453.03M as of Dec 31, 2023
Free cash flow (TTM): -$1,331M as of Dec 31, 2023
Net Debt Last Fiscal Year: $13,939M as of Dec 31, 2023
Shares outstanding: 309,600,537 as of Feb 20, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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