Ares Management Corp (N:ARES)

Sector:  Financials Industry:  Investment Management & Fund Operators
See Regulatory Filings on SEC
Company Contact
Address: 2000 Ave Of The Stars, 12Th Floor
Tel: 1-678-5381981
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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