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 | 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 |