Ares Management Corp (N:ARES)
Business Focus: Investment Management
Apr 08, 2024 07:00 am ET
EPIC Y-Grade Completes Issuance of New $1,075 Million Senior Secured Term Loan B
EPIC Y-Grade, LP (“EPIC” or “the Company”) today announced that it has completed the issuance of a new $1,075 million senior secured Term Loan B due 2029. The Company used the net proceeds from the Term Loan to repay its existing $989 million Term Loan B due 2027 and repay its existing $77 million facility on a standalone propane line. As part of the transaction, the Company also increased its current super-priority revolving credit facility to $70 million from $40 million and extended the facility’s maturity date to 2029. With the transaction, both Moody’s and S&P reaffirmed their ratings at
Apr 03, 2024 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2024
NEW YORK, NY / ACCESSWIRE / April 3, 2024 / Ares Management Corporation (NYSE:ARES) announced today that it will report earnings for the first quarter ending March 31, 2024 on Thursday, May 2, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its first quarter ending March 31, 2024 financial results.
Mar 25, 2024 07:00 am ET
KBS Announces Recapitalization
New Investment from KKR, Ares Management and Blackrock Positions Company for Long-Term Growth
Mar 04, 2024 06:45 am ET
Ares Management Launches Ansley Park Capital
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full spectrum, customized financing solutions for essential-use, large-ticket equipment. Ansley Park’s management team and integrated operating platform were acquired from BciCapital, Inc. (“BciCapital”), a top 50 Monitor 100 company and the equipment finance business of regional ban
Feb 29, 2024 09:00 am ET
Valta Energy and Black Bear Energy Celebrate Completion of 1.7MW Solar Array in Los Angeles
Valta Energy and Black Bear Energy are proud to announce the completion of a 1.7 MW rooftop solar array on a warehouse property located in Torrance, CA and owned by Ares Management (“Ares”) Real Estate funds. The newly constructed, fully leased, best-in-class facility is located in the dynamic South Bay industrial market. The project, which is part of the Los Angeles Department of Water and Power (LADWP) Feed-in Tariff (FiT) program, will provide renewable electricity to the local utility grid. Launched in 2013, the FiT program incentivizes the deployment of solar through predetermined tariff
Feb 26, 2024 06:30 am ET
Ares Management Special Opportunities Team to Join its Global Credit Group
Ares Management Corporation (NYSE: ARES) today announced that its Special Opportunities strategy, currently a business within its Private Equity Group, will be joining the firm’s Credit Group and will be named Opportunistic Credit. Moving the strategy to the Credit Group is expected to enable greater collaboration across the Ares platform, enhancing benefits to Ares’ limited partners, sponsor partners and portfolio companies.
Feb 15, 2024 04:30 pm ET
Ares Management Corporation to Present at the BofA Securities Financial Services Conference 2024
NEW YORK, NY / ACCESSWIRE / February 15, 2024 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Securities Banking and Financials Conference on Thursday, February 22, 2024, at 10:30am ET.
Feb 12, 2024 05:00 am ET
Interstate Waste Services Announces Acquisition of Oak Ridge Waste & Recycling
NEW YORK, Feb. 12, 2024 /PRNewswire/ -- Interstate Waste Services, Inc. ("IWS"), a leading, vertically integrated waste-by-rail provider of solid waste collection, disposal and recycling services announced it has entered into a definitive agreement to acquire Oak Ridge Waste & Recycling ("Oak Ridge"), one of Connecticut's preeminent providers of waste collection, transfer, and recycling services in Southwestern Connecticut and Suburban New York, further expanding IWS's service footprint into the tristate area. The transaction is expected to close by the end of the first quarter of 2024.
Feb 08, 2024 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity
Approximately $10.1 Billion in New Commitments Closed in the Fourth Quarter and Approximately $22.4 Billion closed in the Year Ended December 31, 2023
Feb 08, 2024 06:00 am ET
Ares Management Corporation Reports Fourth Quarter and Full Year 2023 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2023.
Jan 30, 2024 08:30 am ET
Ares Management Appoints Julie Solomon as Co-Head of Real Estate
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Julie Solomon, Global Chief Operating Officer of Ares Real Estate, has been promoted to Co-Head of Real Estate alongside Bill Benjamin, current Head of Real Estate. Effective immediately, Ms. Solomon and Mr. Benjamin together will co-lead the Ares Real Estate business globally.
Jan 25, 2024 06:30 am ET
Ares Management Launches Automated Industrial Robotics Inc.
Ares Management Corporation (NYSE: ARES) announced today the launch of Automated Industrial Robotics Inc. (“AIR” or the “Company”), a newly formed industrial automation company designed to capitalize on increasing global demand for manufacturing automation solutions. An Ares Private Equity fund (“Ares”) has invested substantial equity capital to support AIR’s acquisition and organic growth strategy.
Jan 18, 2024 03:05 pm ET
Artivion Obtains $350 Million in Senior Secured Credit Facilities
Non-Dilutive Financing Provides Comprehensive Solution to Address Debt Maturities and Provide Flexibility to Further Optimize Capital Structure
Jan 08, 2024 04:30 pm ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ending December 31, 2023
NEW YORK, NY / ACCESSWIRE / January 8, 2024 / Ares Management Corporation announced today that it will report earnings for the fourth quarter and full year ending December 31, 2023 on Thursday, February 8, 2024 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its fourth quarter and full year ending December 31, 2023 financial results.
Dec 05, 2023 06:30 am ET
Ares Management Raises Approximately $3.3 Billion of Real Estate Secondaries Capital
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $3.3 billion of real estate secondaries capital, which comprises the Landmark Real Estate Fund IX (“LREF IX” or the “Fund”), General Partner commitments and affiliated vehicles.
Nov 21, 2023 04:15 pm ET
Ares Management Corporation to Present at the Goldman Sachs 2023 US Financial Services Conference
NEW YORK, NY / ACCESSWIRE / November 21, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sachs 2023 US Financial Services Conference on Wednesday, December 6, 2023, at 1:00pm ET.
Nov 07, 2023 06:01 pm ET
Ares Management Corporation Prices Offering of Senior Notes
Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that it has priced an offering of $500,000,000 aggregate principal amount of its 6.375% Senior Notes due 2028 (the “notes”). The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC, Ares Finance Co. III LLC and Ares Finance Co. IV LLC. The offering is expected to close on November 10, 2023, subject to the satisfaction of customary closing conditions.
Nov 02, 2023 09:30 am ET
Cureton Midstream Announces Sale to Williams
DENVER, Nov. 2, 2023 /PRNewswire/ -- Tailwater Capital LLC ("Tailwater"), an energy and growth infrastructure private equity firm, and a fund managed by the Private Equity Group of Ares Management ("Ares"), a leading global alternative investment manager, today announced that they have signed definitive agreements to sell Cureton Front Range LLC ("Cureton" or the "Company") to Williams Field Services Group, LLC ("Williams"), a subsidiary of The Williams Companies, Inc. (NYSE: WMB), with an expected close in December 2023, subject to regulatory approvals.
Oct 31, 2023 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $6.1 billion in U.S. direct lending commitments across 53 transactions during the third quarter of 2023 and approximately $20.6 billion in direct lending commitments across 189 transactions in the last twelve-month period ended September 30, 2023. Below is a description of selected transactions that Ares closed during the third quarter.
Oct 31, 2023 06:00 am ET
Ares Management Corporation Reports Third Quarter 2023 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2023.
Oct 30, 2023 06:30 am ET
Ares Management Closes $6.6 Billion Pathfinder II Alternative Credit Fund to Invest in Private Asset Based Credit
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of Ares Pathfinder Fund II, L.P. and Ares Pathfinder Fund II (Offshore), L.P. (and together with parallel vehicles, “Pathfinder II” or the “Fund”) at $6.6 billion in commitments. The Fund was oversubscribed and closed at its hard cap, which exceeded its $5 billion target and was approximately 80 percent larger than the predecessor fund which had total commitments of $3.7 billion. The Fund held its final closing only seven months following its first closing in Ma
Oct 12, 2023 04:00 am ET
Ares Management Launches Ares European Strategic Income Fund to Expand its Offering to Global Wealth Channel
Ares Management Corporation (NYSE:ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares European Strategic Income Fund (“AESIF”), a new open-ended direct lending fund that will provide individual investors in Europe and Asia with access to Ares’ European direct lending strategy.
Oct 10, 2023 05:00 pm ET
Ares Management Corporation and Vinci Partners Announce Strategic Partnership and Investment
Ares Management Corporation (“Ares”) (NYSE: ARES) and Vinci Partners Investments Ltd. (“Vinci Partners” or “Vinci”) (NASDAQ: VINP) announced today that they have reached an agreement to form a strategic partnership to accelerate the growth of Vinci's platform in Latin America and to collaborate on distribution, product development and other business opportunities (the “Strategic Partnership”). In connection with the formation of the Strategic Partnership, an affiliate of Ares will concurrently make a US$100 million investment in new convertible preferred shares to be issued by Vinci (the “Inve
Oct 03, 2023 04:30 pm ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2023
Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2023 on Tuesday, October 31, 2023 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its third quarter ending September 30, 2023 financial results.
Sep 18, 2023 06:00 am ET
Ares Management Corporation to Present at the BofA Securities 28th Annual Financials CEO Conference
NEW YORK, NY / ACCESSWIRE / September 18, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Securities 28th Annual Financials CEO Conference on Thursday, September 21, 2023 at 6:30am ET/11:30am BST.
Sep 13, 2023 07:28 am ET
X-energy and Ares Acquisition Corporation Announce Additional Committed Capital and Attractive Strategic Updates to Business Combination
X-Energy Reactor Company, LLC (“X-energy”), a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, and Ares Acquisition Corporation (NYSE: AAC) (“AAC”), a publicly-traded special purpose acquisition company, announced today strategic updates to their previously announced business combination.
Sep 05, 2023 06:30 am ET
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
NEW YORK, NY / ACCESSWIRE / September 5, 2023 / Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 12, 2023, at 12:00pm ET.
Aug 01, 2023 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for the Second Quarter and Last Twelve Months 2023
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $4.1 billion in U.S. direct lending commitments across 51 transactions during the second quarter of 2023 and approximately $20.2 billion in direct lending commitments across 181 transactions in the last twelve-month period ended June 30, 2023. Below is a description of selected transactions that Ares closed during the second quarter.
Aug 01, 2023 06:01 am ET
Ares Management Corporation Reports Second Quarter 2023 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2023.
Jul 17, 2023 06:30 pm ET
Ares Management Corporation to Acquire Crescent Point Capital
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Ares has entered into a definitive agreement to acquire 100% of Crescent Point Capital (“CPC”), a leading Asia-focused private equity firm with approximately $3.8 billion of assets under management, as of March 31, 2023.
Jun 28, 2023 04:15 pm ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ending June 30, 2023
Ares Management Corporation announced today that it will report earnings for the second quarter ending June 30, 2023 on Tuesday, August 1, 2023 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its second quarter ending June 30, 2023 financial results.
Jun 26, 2023 06:30 am ET
Ares Management Acquires $3.5 Billion Lender Finance Portfolio from Pacific Western Bank
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that certain funds managed by its Alternative Credit strategy (“Alternative Credit”) have completed the acquisition of a $3.5 billion specialty finance loan portfolio (the “Portfolio”) from PacWest Bancorp (Nasdaq: PACW).
Jun 13, 2023 09:20 am ET
CION Ares Diversified Credit Fund Announces Special Distribution Rate Increase
CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) has elected to return additional investment income to shareholders via a special increase to the daily distribution rate for all share classes.
Jun 06, 2023 10:55 am ET
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NEW YORK, June 6, 2023 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GE, APLS, ARES, WIRE, and CRM.
Jun 05, 2023 06:30 am ET
Ares Management Corporation to Present at the Morgan Stanley US Financials, Payments & CRE Conference
Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 13, 2023 at 11:00am ET.
May 22, 2023 06:30 am ET
Ares Management Corporation to Present at the Bernstein 39th Annual Strategic Decisions Conference
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Bernstein 39th Annual Strategic Decisions Conference on Wednesday, May 31, 2023 at 2:30pm ET.
May 04, 2023 06:30 am ET
Ares Management Serves as Lead Arranger and Junior Agent for $3 Billion in Financing to Support the Acquisition of Merchants Fleet by Bain Capital, ADIA and the Merchants Executive Team
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet (the “Company”) as part of the acquisition by Bain Capital, a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) and the Merchants executive team. BNP Paribas served as financing advisor and program agent for the financing.
Apr 28, 2023 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for the First Quarter and Last Twelve Months 2023
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $2.1 billion in U.S. direct lending commitments across 35 transactions during the first quarter of 2023 and approximately $23.5 billion in U.S. direct lending commitments across 189 transactions in the last twelve-month period ended March 31, 2023. Below is a description of selected transactions that Ares closed during the first quarter.
Apr 28, 2023 06:00 am ET
Ares Management Corporation Reports First Quarter 2023 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2023.
Apr 27, 2023 06:30 am ET
US Heart & Vascular Expands to Kansas through Partnership with Heartland Cardiology
US Heart & Vascular (“USHV”), a leading national provider of support services to cardiovascular physician practices, announced its partnership with Heartland Cardiology (“Heartland”), a Wichita-based cardiovascular physician practice focused on preventative care, diagnostic testing, curative procedures and electrophysiology services.
Apr 24, 2023 04:30 pm ET
Ares Strategic Income Fund Launches with $1.5 Billion of Investible Capital
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares Strategic Income Fund (“ASIF” or the “Fund”), a perpetual capital, continuously offered, non-traded business development company, which seeks to primarily invest in directly originated, senior secured, floating-rate loans to U.S. middle-market companies. The Fund has launched with approximately $1.5 billion in initial investible capital, including more than $847 million of equity commitments raised from certain existing institutional relationships in a private
Apr 04, 2023 11:39 am ET
CION Ares Diversified Credit Fund Announces Second Distribution Rate Increase in 2023
CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) distribution rate has increased for all share classes.
Apr 03, 2023 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2023
Ares Management Corporation announced today that it will report earnings for the first quarter ending March 31, 2023 on Friday, April 28, 2023 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its first quarter ending March 31, 2023 financial results.
Mar 22, 2023 06:30 am ET
Ares Management and Mubadala Announce the Creation of a Joint Venture to Invest in Global Credit Secondaries Opportunities
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, and Mubadala Investment Company (“Mubadala”), a global sovereign investor, today announced the formation of a joint venture to invest in global credit secondaries opportunities.
Mar 08, 2023 06:30 am ET
WHP GLOBAL RECEIVES $375 MILLION EQUITY INVESTMENT FROM ARES MANAGEMENT AT $1.6 BILLION VALUATION TO FUEL NEXT PHASE OF GROWTH
NEW YORK, March 8, 2023 /PRNewswire/ -- WHP Global ("WHP" or "the Company"), a leading global brand management firm today announced a $375 million equity investment from funds managed by the Private Equity Group of Ares Management Corporation ("Ares") (NYSE: ARES) providing significant growth capital for WHP Global's next wave of brand acquisitions. The transaction values WHP Global at $1.6 billion.
Mar 07, 2023 09:03 am ET
CION Ares Diversified Credit Fund Announces Increase to Distribution Rate and Pricing of Preferred Shares
CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) will increase its distribution rates for all share classes, effective as of April 1, 2023.
Feb 28, 2023 06:30 am ET
BlueCove and Ares Management Announce Strategic Partnership
BlueCove Limited ("BlueCove”), the London-based scientific fixed income manager, and Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that they have reached an agreement under which Ares will acquire a minority equity stake in BlueCove with the option to acquire control of the business over a multi-year term. Terms of the transaction were not disclosed.
Feb 14, 2023 04:30 pm ET
Ares Real Estate Announces Industrial Leadership Updates
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that Dwight Merriman has been appointed as the Chair of Ares Industrial Management (“AIM”). In connection therewith, Mr. Merriman has been named the Co-Chair of the Board of Directors of Ares Industrial Real Estate Income Trust (“AIREIT”), alongside Bill Benjamin, Partner and Global Head of Ares Real Estate, as well as the Chair of the Ares Real Estate Industrial Investment Committee (the “Industrial IC”). Dave Fazekas will be stepping into Mr. Merriman’s previous role as Head of
Feb 13, 2023 04:15 pm ET
Ares Management Corporation to Present at the BofA Securities Financial Services Conference 2023
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Securities Financial Services Conference on Thursday, February 16, 2023 at 9:40 am ET.
Feb 09, 2023 04:15 pm ET
Ares Management Corporation to Present at the Credit Suisse 24th Annual Financial Services Forum
Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the Credit Suisse 24th Annual Financial Services Forum on Tuesday, February 14, 2022 at 12:45pm ET.
Feb 09, 2023 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Fourth Quarter and Last Twelve Months 2022
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $8.3 billion in U.S. direct lending commitments across 50 transactions during the fourth quarter of 2022 and approximately $26.4 billion in direct lending commitments across 208 transactions in the last twelve-month period ended December 31, 2022. Below is a description of selected transactions that Ares closed during the fourth quarter.
Feb 09, 2023 06:00 am ET
Ares Management Corporation Reports Fourth Quarter and Full Year 2022 Results
Ares Management Corporation (“Ares”) (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2022.
Jan 31, 2023 09:38 am ET
CION Ares Diversified Credit Fund Reaches Milestone Six-Year Track Record
CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”)
Jan 11, 2023 06:30 am ET
Ares Management Raises $5 Billion of Infrastructure Debt Capital
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its Infrastructure Debt Fund V (“IDF V”), which is focused on making subordinated investments across the digital, utilities, renewables, energy and transportation sectors. IDF V held its final close on December 29, 2022, at approximately $5.0 billion, including General Partner commitments and related transaction vehicles.
Jan 09, 2023 09:10 am ET
CION Ares Diversified Credit Fund Announces Increase to Distribution Rate
CION Ares Management LLC, a joint venture between affiliates of CION Investments (“CION”), a leading manager of alternative investment solutions for individual investors, and Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced that the CION Ares Diversified Credit Fund (“CADC” or the “Fund”) increased its distribution rates for all share classes, effective as of January 1, 2023.
Jan 09, 2023 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ending December 31, 2022
Ares Management Corporation announced today that it will report earnings for the fourth quarter and full year ending December 31, 2022 on Thursday, February 9, 2023 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its fourth quarter and full year ending December 31, 2022 financial results.
Jan 05, 2023 06:00 am ET
Ares Management Corporation Appoints Ashish Bhutani to Its Board of Directors
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Ashish Bhutani has joined its Board of Directors (the “Board”) as an independent director. With Mr. Bhutani’s appointment, the Board now comprises 11 members, including six independent directors.
Dec 20, 2022 02:06 pm ET
Eagle Football Acquires Legendary Ligue 1 Club Olympique Lyonnais
Transaction Creates One of the Largest Professional Football Groups in the World with Interests in Olympique Lyonnais, Crystal Palace, Botafogo, and RWD Molenbeek
Dec 07, 2022 09:00 am ET
Avant Secures $250 Million In Funding From Ares Management Corporation
Avant, LLC, a credit-first financial technology company* that provides access to innovative financial solutions to underserved non-prime consumers (“Avant”), today announced it secured $250 million of corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds (“Ares”).
Nov 30, 2022 06:30 am ET
Ares Management Corporation to Present at the Goldman Sachs 2022 US Financial Services Conference
Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the Goldman Sachs US Financial Services Conference on Tuesday, December 6, 2022, at 11:20am ET.
Nov 18, 2022 08:22 am ET
UNAVETS Receives €116 million Financing from Ares Management to Support Growth
LONDON, Nov. 18, 2022 /PRNewswire/ -- The UNAVETS Group ("UNAVETS"), the leading veterinary healthcare group with 90+ practices across Spain and Portugal, announced today that it has raised an additional €116 million from Ares Management Credit funds. Part of the capital will refinance existing debt with a significant majority reserved for future acquisition and capex funding to acquire veterinary hospitals and clinics and to continue acquisitions and investments in meaningful adjacencies. UNAVETS is currently majority owned by funds managed by Oaktree Capital Management L.P. ("Oaktree").
Nov 18, 2022 08:22 am ET
UNAVETS Receives €116 million Financing from Ares Management to Support Growth
LONDON, Nov. 18, 2022 /CNW/ -- The UNAVETS Group ("UNAVETS"), the leading veterinary healthcare group with 90+ practices across Spain and Portugal, announced today that it has raised an additional €116 million from Ares Management Credit funds. Part of the capital will refinance existing debt with a significant majority reserved for future acquisition and capex funding to acquire veterinary hospitals and clinics and to continue acquisitions and investments in meaningful adjacencies. UNAVETS is currently majority owned by funds managed by Oaktree Capital Management L.P. ("Oaktree").
Nov 14, 2022 07:10 am ET
EPIC Crude Terminal Added to the Leading International Crude Oil Pricing Benchmark
EPIC Crude Holdings, LP (“EPIC Crude” or “the Company”) today announced that Platts will include the Company’s Crude Marine Terminal in Corpus Christi as a pre-approved terminal for WTI Midland crude oil in its Platts Dated Brent and Cash BFOE* Market-on-Close (“Dated Brent”) price assessment beginning with June 2023 deliveries.
Nov 02, 2022 04:00 am ET
Ares Wealth Management Solutions Expands Team and Global Footprint Mark Serocold Joins Firm to Lead EMEA Efforts
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Mark Serocold has joined the firm as a Partner and Head of EMEA for Ares Wealth Management Solutions (“AWMS”). Based in London, Mr. Serocold’s newly created role will oversee product development, distribution and strategic partnerships across the EMEA region for AWMS. In addition to Mr. Serocold, Ares recently hired three additional team members across sales, client services and product development to support AWMS’s efforts in EMEA.
Oct 27, 2022 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Third Quarter and Last Twelve Months
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.7 billion in U.S. direct lending commitments across 45 transactions during the third quarter of 2022 and approximately $32 billion in direct lending commitments across 251 transactions in the last twelve-month period ended September 30, 2022. This compares to the $7.2 billion in commitments closed on 54 transactions during the third quarter of 2021 and approximately $27 billion in commitments on 244 transactions in the twelve-month period ended September 30, 2021. Be
Oct 27, 2022 06:00 am ET
Ares Management Corporation Reports Third Quarter 2022 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2022.
Oct 21, 2022 12:42 pm ET
Ares Management Closes Oversubscribed $7.1 Billion Second Special Opportunities Fund
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of its Ares Special Opportunities Fund II, L.P. (together with Ares Special Opportunities Fund II (Jersey), L.P. and each of their parallel vehicles, “ASOF II”). With strong global investor support, ASOF II closed at its hard cap with $7.1 billion of commitments, including General Partner commitments, which far surpassed its $4.0 billion target.
Oct 21, 2022 06:58 am ET
KILL Ares Management Closes Oversubscribed $7.1 Billion Second Special Opportunities Fund
Ares Management Corporation requests that their press release NewsItemId: 20221020006071 “Ares Management Closes Oversubscribed $7.1 Billion Second Special Opportunities Fund” be killed.
Oct 21, 2022 06:00 am ET
Ares Management Closes Oversubscribed $7.1 Billion Second Special Opportunities Fund
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the final closing of its Ares Special Opportunities Fund II, L.P. (together with Ares Special Opportunities Fund II (Jersey), L.P. and each of their parallel vehicles, “ASOF II”). With strong global investor support, ASOF II closed at its hard cap with $7.1 billion of commitments, including General Partner commitments, which far surpassed its $4.0 billion target.
Oct 19, 2022 07:00 am ET
EPIC Midstream Announces Offering Of Its First Sustainability-Linked Loan
EPIC Propane Pipeline, LP (“EPIC” or “the Company”) has closed on an amendment and extension of its Term Loan with Riverstone Credit Partners LLC that will mature in September 2026. The Term Loan was converted to a sustainability-linked loan, which highlights EPIC’s continued commitment to a sustainable future. The proceeds were used to refinance existing debt and for general corporate purposes.
Oct 11, 2022 06:30 am ET
Ares Management Closes Oversubscribed Tenth Value-Add U.S. Real Estate Fund at $1.8 Billion
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it held the final closing of its Ares U.S. Real Estate Fund X, L.P. (“U.S. X” or the “Fund”) on September 30, 2022. U.S. X was oversubscribed with $1.8 billion of commitments relative to its $1.5 billion target and is more than 75% larger than its predecessor fund, which closed at $1.04 billion in November 2018.
Sep 28, 2022 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ending September 30, 2022
Ares Management Corporation announced today that it will report earnings for the third quarter ending September 30, 2022 on Thursday, October 27, 2022 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 10:00 a.m. (Eastern Time) to discuss its third quarter ending September 30, 2022 financial results.
Sep 27, 2022 07:00 am ET
Consumer Products Company Monolith Raises $230M to Accelerate Acquisition and Growth Strategy
Monolith Brands (“Monolith” or “the Company”), a consumer products company with a portfolio of omnichannel brands, announced today that it has raised approximately $50 million in equity and $180 million in debt capacity in its Series A fundraising round. The round was led by funds managed and/or advised by Hayfin Capital Management and Ares Management Credit Funds.
Sep 22, 2022 09:00 am ET
CAIS Announces Partnership with Ares Wealth Management Solutions to Support Greater Access to Alternatives for Independent Wealth Channel
CAIS, the leading alternative investment platform, today announced its collaboration with Ares Wealth Management Solutions (“AWMS”) to onboard select Ares Management (“Ares”) alternative investment strategies and expand their reach to a broader audience of independent broker-dealers (IBDs) and registered investment advisors (RIAs).
Sep 15, 2022 06:30 am ET
Ares Management Raises $3.7 Billion of Sports, Media and Entertainment Capital
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $3.7 billion of dedicated capital focused exclusively on investing in sports leagues, sports teams and sports-related franchises, as well as media and entertainment companies. Ares Sports, Media and Entertainment Finance (“SME” or the “Fund”), Ares’ inaugural fund focused on the sector, includes total equity commitments of nearly $2.2 billion. Including anticipated leverage and related transaction vehicles, the total available capital for SME is expected to be
Sep 13, 2022 02:30 am ET
James Kim Joins Ares Management as Head of European Special Opportunities in the Ares Private Equity Group
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that James Kim has joined Ares as a Partner and Head of European Special Opportunities in Ares’ Private Equity Group. Based in London, Mr. Kim will lead Ares’ Special Opportunities activities in Europe, adding to Ares’ growing private equity presence in the region, while leveraging Ares’ leading European private credit and real estate platforms.
Sep 06, 2022 04:15 pm ET
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
Ares Management Corporation (the “Company”) announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 13, 2022 at 12:00pm ET.
Sep 06, 2022 06:30 am ET
iCapital® and Ares Wealth Management Solutions Expand Partnership
iCapital1, the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and Ares Wealth Management Solutions (“AWMS”) announced today an expansion of their partnership to provide financial advisors and registered independent advisors with greater access to a broad
Aug 24, 2022 06:30 am ET
Barry Miller Appointed Chief Executive Officer of Ares Private Markets Fund
Ares Private Markets Fund (“APMF” or the “Fund”) announced today that it has appointed Barry Miller as Chief Executive Officer, effective August 11, 2022. Mr. Miller is currently a Partner in the Ares Secondary Solutions Group, where he focuses on private equity secondaries. Mr. Miller has 24 years of experience across private equity and secondary investing.
Aug 23, 2022 07:30 am ET
Atlas Crane Service Acquired by Ares Management
Atlas Crane Service, LLC (“Atlas” or the “Company”), a full-service crane rental company that primarily serves the wind industry, announced today that a fund managed by the Infrastructure Opportunities strategy of Ares Management (“Ares”) has acquired a controlling interest in the Company.
Jul 28, 2022 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for Second Quarter and Last Twelve Months
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.9 billion in U.S. direct lending commitments across 58 transactions during the second quarter of 2022 and approximately $31.8 billion in direct lending commitments across 259 transactions in the last twelve-month period ended June 30, 2022. In addition, Ares also acquired a portfolio of approximately $2.4 billion of middle market loans during the second quarter. This compares to the $9.0 billion in commitments closed on 77 transactions during the second quarter of 20
Jul 28, 2022 06:00 am ET
Ares Management Corporation Reports Second Quarter 2022 Results
Ares Management Corporation (NYSE: ARES) today reported its financial results for its second quarter ended June 30, 2022.
Jul 27, 2022 03:15 pm ET
Marriott International, RIDA Development Corporation, and Ares Management Announce Commencement of Construction of Gaylord Pacific Resort and Convention Center
Gaylord Hotels' Expands Footprint with Sixth Resort and Convention Center in Southern California
Jun 29, 2022 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2022
Ares Management Corporation announced today that it will report earnings for the second quarter ended June 30, 2022 on Thursday, July 28, 2022 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its second quarter ended June 30, 2022 financial results.
Jun 21, 2022 06:45 am ET
Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX®
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-linked debt facility to EdgeConneX®, a leading global provider of full-range data center solutions.
Jun 21, 2022 02:00 am ET
Ares Management Commits Sustainability-Linked Debt Facility to EdgeConneX®
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Infrastructure Debt strategy have committed a delayed draw sustainability-linked debt facility to EdgeConneX®, a leading global provider of full-range data center solutions.
Jun 08, 2022 06:30 am ET
Ares Management Corporation Launches Dedicated Wealth Management Solutions in Asia
Ares Management Corporation (“Ares”) announced today that Henry Lee has joined Ares Wealth Management Solutions (“AWMS”) to lead its Asia efforts as part of the Firm’s commitment to build out dedicated wealth management teams that cater to the growing retail opportunity in this region.
Jun 07, 2022 07:30 pm ET
Ares Management Corporation Launches Dedicated Wealth Management Solutions in Asia
Ares Management Corporation (“Ares”) announced today that Henry Lee has joined Ares Wealth Management Solutions (“AWMS”) to lead its Asia efforts as part of the Firm’s commitment to build out dedicated wealth management teams that cater to the growing retail opportunity in this region.
Jun 07, 2022 04:15 pm ET
Ares Management Corporation to Present at the Morgan Stanley US Financials, Payments & CRE Conference
Ares Management Corporation announced today that its Chief Financial Officer, Jarrod Phillips, is scheduled to present at the Morgan Stanley US Financials, Payments & CRE Conference on Tuesday, June 14, 2022 at 2:30pm ET.
May 25, 2022 04:15 pm ET
Ares Management Corporation to Present at the Bernstein 38th Annual Strategic Decisions Conference
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Bernstein 38th Annual Strategic Decisions Conference on Thursday, June 2, 2022 at 2:30pm ET.
Apr 28, 2022 06:30 am ET
Ares Management Corporation Announces U.S. Direct Lending Origination Activity for First Quarter 2022
Ares Management Corporation announced today that funds managed by its Credit Group (collectively “Ares”) closed approximately $5.0 billion in U.S. direct lending commitments across 54 transactions during the first quarter of 2022 and approximately $35 billion in direct lending commitments across 287 transactions in the last twelve-month period ended March 31, 2022. This compares to the $3.6 billion in commitments closed on 45 transactions during the first quarter of 2021 and approximately $14.5 billion in commitments for 168 transactions in the twelve-month period ended March 31, 2021. Below i
Apr 28, 2022 06:00 am ET
Ares Management Corporation Reports First Quarter 2022 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2022.
Apr 25, 2022 04:15 pm ET
Annaly Capital Management, Inc. Announces Agreement to Sell Its Middle Market Lending Portfolio to Ares Management Corporation for $2.4 Billion
Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced that it has entered into a definitive agreement to sell its Middle Market Lending portfolio to Ares Capital Management LLC on behalf of funds managed by the Credit Group of Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager. The transaction is valued at approximately $2.4 billion and represents substantially all of the Company’s Middle Market Lending assets held on balance sheet as well as assets managed for third parties. The Company’s Middle Market Lending p
Apr 25, 2022 04:15 pm ET
Ares Management Announces Agreement to Acquire Middle Market Lending Portfolio from Annaly Capital Management, Inc. for $2.4 Billion
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that its subsidiary, Ares Capital Management LLC, has entered into a definitive agreement to acquire, on behalf of funds managed by the Ares Credit Group, the Middle Market Lending portfolio (the “Portfolio”) from Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly”) for approximately $2.4 billion.
Apr 25, 2022 09:05 am ET
Touchstone Credit Opportunities Fund Now Touchstone Ares Credit Opportunities Fund
Updated name reflects long-standing sub-advisor relationship with Ares
Apr 25, 2022 08:00 am ET
johnnie-O Receives a Capital Investment from Wasatch Global Investors and Ares Management Corporation to Accelerate Growth
johnnie-O, the next great iconic American brand, today announced that it has closed an investment of $108 million from Wasatch Global Investors (“Wasatch”) and Ares Management Corporation (“Ares”) funds.
Apr 21, 2022 06:30 am ET
Ares Charitable Foundation Launches $25 Million Initiative for Climate-Resilient Job Preparation and Reskilling
The Ares Charitable Foundation (“Ares Foundation”), a 501(c)(3) qualifying organization sponsored by Ares Management Corporation (“Ares”) (NYSE: ARES), announced today the launch of Climate-Resilient Employees for a Sustainable Tomorrow (“CREST”), a five-year, $25 million grant-funded initiative that intends to prepare and reskill individuals for climate-resilient jobs in the U.S. and India. CREST is a partnership with
Apr 12, 2022 10:00 am ET
Convene Announces Strategic Investment Led by HBC and Ares Management
Convene, the leading hybrid meeting, event, and workspace provider, announced today that it has completed its recapitalization plan, led by HBC, a holding company at the intersection of real estate, technology and retail, and a fund managed by the Private Equity Group of Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager.
Apr 06, 2022 07:00 am ET
EPIC Crude Delivers Record Volumes
EPIC Crude Holdings, LP (“EPIC Crude” or “the Company”) continues to ship record crude volumes of 500,000 barrels per day during 2022. EPIC Crude provides shippers access to the premium Corpus Christi market including EPIC Crude’s export facility as well as local refineries and other export docks. The overall quality of crude being transported continues to differentiate EPIC Crude from other transport providers.
Apr 06, 2022 06:30 am ET
Ares Launches Private Markets Fund Focused on Investing in Private Equity through Secondary Market Transactions
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today the launch of Ares Private Markets Fund (the “Fund”), a new registered, continuously offered, non-traded, closed-end fund that intends to invest in an actively managed portfolio of private equity and other private assets principally through secondary market fund investments, and, to a lesser degree, primary fund investments and direct co-investments. The Fund has been launched with more than $250 million in initial capital, including investments from two significant institutional
Mar 30, 2022 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the First Quarter Ending March 31, 2022
Ares Management Corporation announced today that it will report earnings for the first quarter ending March 31, 2022 on Thursday, April 28, 2022 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 11:00 a.m. (Eastern Time) to discuss its first quarter ending March 31, 2022 financial results.
Mar 24, 2022 09:00 am ET
Kyte Secures $200 Million Asset-Backed Financing Facility From Goldman Sachs and Ares Management to Grow Fleet Amid Unprecedented Transformation of the Transportation Industry
Funding will aid the leading car-on-demand company in monumental city expansion as they become the largest electrified, autonomous fleet platform to serve the global trip economy
Mar 03, 2022 10:20 am ET
Sharestates Closes New $100 Million Warehouse Debt Facility with Ares Management
GREAT NECK, N.Y., March 3, 2022 /PRNewswire/ -- Sharestates, a leading real estate technology platform designed to support and accelerate the redevelopment of residential housing, recently closed a new $100 Million warehouse line of credit led by funds managed by the Credit Group of Ares Management Corporation ("Ares") to capitalize on demand from borrowers. This additional warehouse capital complements existing credit facilities and increases the Company's overall borrowing capacity to better support the Company's growing loan origination volume.
Feb 22, 2022 06:29 am ET
Apex Clean Energy, Ares Management, EPIC Midstream, and Port of Corpus Christi Authority Sign Memorandum of Understanding for Gigawatt-Scale Green Fuels Hub on Texas Gulf Coast
Apex Clean Energy, LLC (“Apex”), funds managed by the Infrastructure and Power strategy of Ares Management Corporation (NYSE: ARES) (“Ares”), EPIC Midstream Holdings, LP (“EPIC”), and the Port of Corpus Christi Authority (“PCCA”) announced today that they have entered into a nonbinding memorandum of understanding (“MOU”) to explore the development of a leading green hydrogen production, storage, transportation, and export operation, including a newly constructed dedicated pipeline and a green fuels hub to be located at the Port of Corpus Christi on the Texas Gulf Coast.
Feb 17, 2022 06:45 am ET
Ares Management Corporation Closes $3.8 Billion Net Lease Acquisition of Capital Automotive
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Alternative Credit strategy and Real Estate Group have acquired Capital Automotive LLC (“CARS”) from a Brookfield private real estate fund for $3.8 billion. This latest transaction highlights Ares’ increased focus on serving sponsors and companies in need of flexible net lease solutions.
Feb 15, 2022 06:30 am ET
Ares Management Corporation to Present at the Credit Suisse 23rd Annual Financial Services Forum
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Credit Suisse 23rd Annual Financial Services Forum on Friday, February 18, 2022, at 9:40 am EST.
Feb 11, 2022 06:30 am ET
Ares Management Corporation Announces Record U.S. Direct Lending Origination Activity for Fourth Quarter and Full Year 2021
Ares Management Corporation (NYSE: ARES) announced today that new financing commitments made across its U.S. direct lending strategies more than doubled to $33.4 billion in 2021. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $13.7 billion in commitments across 93 transactions during the fourth quarter of 2021 and approximately $33.4 billion in commitments across 269 transactions in the year ended December 31, 2021. This compares to the $7.3 billion in commitments closed across 68 transactions during the fourth quarter of 2020 and approxi
Feb 11, 2022 06:00 am ET
Ares Management Corporation Reports Fourth Quarter and Full Year 2021 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2021.
Feb 10, 2022 04:15 pm ET
Ares Management Corporation Completes Acquisition of AMP Capital’s Infrastructure Debt Platform
Ares Management Corporation (“Ares”), a leading global alternative investment manager, announced today that its subsidiary has completed its previously announced acquisition of AMP Capital’s Infrastructure Debt platform (“Infrastructure Debt”). As one of the largest infrastructure debt investment platforms globally, this transaction adds approximately US$8 billion in assets under management, which would result in combined infrastructure assets under management of over US$12 billion across Ares’ debt and equity platforms, as of September 30, 2021.
Feb 09, 2022 12:00 pm ET
First Generation Investors Partners with Ares Management Corporation
First Generation Investors (“FGI”), a 501(c)(3) non-profit organization that provides high school students in underserved communities with the knowledge and skills to thrive in the investment economy, today announced a partnership with Ares Management Corporation (“Ares”), a leading global alternative investment manager. Th
Jan 26, 2022 06:30 am ET
Ares Management Corporation Expands into European Real Estate Debt
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that Philip Moore, Alessandro Luca and Anisa Dudhia have joined Ares to expand its real estate debt presence in Europe. These additions reflect a natural evolution of the Ares Real Estate Group’s 25-year track record in European real estate equity investing and its 10-year track record in U.S. real estate debt. The team expects to continue adding additional professionals in the near-term.
Jan 13, 2022 05:06 pm ET
Ares Management Corporation Announces Pricing of Senior Notes Offering
Ares Management Corporation (the “Company”) (NYSE: ARES) today announced the pricing of the previously announced offering of $500,000,000 of 3.650% Senior Notes due 2052 (the “notes”) by Ares Finance Co. IV LLC, its indirect subsidiary. The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC and Ares Finance Co. III LLC. The offering is subject to customary closing conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, inclu
Jan 13, 2022 09:10 am ET
Ares Management Corporation Announces Senior Notes Offering
Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that its indirect subsidiary, Ares Finance Co. IV LLC, intends to offer senior notes (the “notes”), subject to market and other conditions. The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC, Ares Finance Co. II LLC and Ares Finance Co. III LLC. The Company intends to use the net proceeds from this offering for general corporate purposes, including debt repayment and to fund growth initiatives.
Jan 11, 2022 04:15 pm ET
Ares Dynamic Credit Allocation Fund Declares a Monthly Distribution of $0.0975 Per Share
Ares Dynamic Credit Allocation Fund, Inc. (the “Fund”) (NYSE: ARDC) announced the declaration of its distribution for the month of January 2022 of $0.0975 per common share, payable as noted below.
Jan 11, 2022 06:30 am ET
Ares Management Corporation Adds New Capability in Investment Grade Private Credit
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Jeffrey Hughes has joined the Ares Credit Group to lead the firm’s new effort in sourcing and managing privately placed investment grade credit investments.
Jan 11, 2022 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Full Year Ended December 31, 2021
Ares Management Corporation announced today that it will report earnings for the fourth quarter and full year ended December 31, 2021 on Friday, February 11, 2022 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its fourth quarter and full year ended December 31, 2021 financial results.
Jan 10, 2022 06:30 am ET
Ares Management Corporation Further Expands Secondary Solutions Group
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that industry veterans Sebastien Burdel and Luca Salvato are joining as Partners in the Ares Secondary Solutions Group. They will work alongside Ares’ existing teams in both New York and London to directly originate new secondary market investment opportunities and leverage Ares’ substantial presence in the U.S. and Europe. These additions underscore the growth and significant demand for complex secondary liquidity solutions as well as Ares’ commitment to further expand its Secondary Solutions Group globally.
Jan 05, 2022 06:30 am ET
Ares Management Corporation Appoints Eileen Naughton to Its Board of Directors
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that Eileen Naughton has joined its Board of Directors (the “Board”) as an independent director. The Board has been expanded to 11 members, including five independent directors and one vacancy, which the Board will seek to fill in 2022 with an additional independent director.
Dec 23, 2021 05:00 pm ET
Ares Management Corporation Announces Agreement to Acquire AMP’s PrivateMarketsCo Infrastructure Debt Platform
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that its subsidiary, Ares Holdings L.P., has entered into a definitive agreement to acquire AMP’s PrivateMarketsCo Infrastructure Debt platform (“Infrastructure Debt”), one of the largest infrastructure debt investment platforms globally with approximately US$8 billion in assets under management, as of September 30, 2021. The transaction consideration is A$428 million (US$308 million) and will be funded using cash on hand and Ares’ US$1.1 billion revolving credit facility.
Dec 21, 2021 06:30 am ET
Ares Management Acquires 11.9 Million Square Feet of Industrial Assets
Ares Management Corporation (NYSE: ARES) (“Ares”), announced today that funds managed by the Ares Real Estate Group have closed on the acquisition of two portfolios consisting of 75 industrial properties totaling 11.9 million square feet. The properties were purchased from two different sellers at an aggregate purchase price of approximately $1.7 billion.
Dec 16, 2021 07:15 am ET
Ares Management Sells Stake in Convergint Technologies to Leonard Green and Harvest Partners
Ares Management Corporation (NYSE: ARES) and Convergint Technologies (“Convergint” or the “Company”) today announced that Leonard Green & Partners, L.P. (“LGP”) and funds managed by Harvest Partners, LP (“Harvest”) have purchased equity in Convergint from a fund managed by Ares’ Private Equity Group (“Ares”) and other existing shareholders. As a result of the transaction, Ares, LGP and Harvest will be financial partners with the Company.
Dec 16, 2021 06:45 am ET
Ares Management Corporation Raises $2.2 Billion of Climate Infrastructure Capital
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today that it has raised $2.2 billion of dedicated climate infrastructure capital, comprising its inaugural Ares Climate Infrastructure Partners Fund (“ACIP” or the “Fund”) with approximately $1.4 billion in total raised, and $800 million in related transaction vehicles.
Dec 13, 2021 06:45 am ET
Ares Management Closes Senior Direct Lending Fund II at $14 Billion with Expected Leverage
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund II (“SDL II” or the “Fund”). With total equity commitments of approximately $8 billion, SDL II was significantly oversubscribed relative to its initial target of $4.5 billion. The Fund is over 2.6x the size of its 2018 predecessor fund of $3 billion. Including anticipated leverage, the total capital base for SDL II is expected to be approximately $14 billion. SDL II, together with the recently announced final close of Ares Priv
Dec 01, 2021 04:15 pm ET
Ares Management Corporation to Present at the Goldman Sachs 2021 US Financial Services Conference
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Goldman Sachs US Financial Services Conference on Wednesday, December 8, 2021 at 8:40am ET.
Nov 23, 2021 06:30 am ET
Ares Management Leads $400 Million Credit Facility to CrossCountry Mortgage
Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds managed by its Alternative Credit and U.S. Direct Lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage, LLC (the “Company”). Caisse de dépôt et placement du Québec (“CDPQ”), a global investment group, also participated in the financing through a wholly owned subsidiary as part of its Capital Solutions investment strategy.
Nov 05, 2021 02:30 am ET
Ares Management and Moda Living Launch Single Family Housing Venture
Ares Management Corporation (“Ares”) (NYSE: ARES) and Moda Living (“Moda”) announced today that a fund managed by the Ares Real Estate Group has entered a joint venture partnership with Moda to launch a vertically integrated built-to-rent single family homes (“SFH”) brand across the U.K.
Nov 04, 2021 06:30 am ET
Ares Management and Core Spaces Launch $400 Million Student Housing Partnership
Ares Management Corporation (“Ares”) (NYSE: ARES) and Core Spaces, a leading real estate company and student housing developer, owner and operator, announced today a partnership through funds managed by the Ares Real Estate Group to acquire a portfolio of five purpose-built student housing assets valued at over $400 million.
Nov 03, 2021 06:30 am ET
Ares Management Commences Construction on Turnpike North Logistics Center
A fund managed by a subsidiary of Ares Management Corporation (NYSE: ARES) (“Ares”), which acquired Black Creek Group’s U.S. real estate investment advisory and distribution business on July 1, 2021, announced today it has begun construction on...
Nov 03, 2021 06:30 am ET
Ares Management Corporation to Present at the BofA Securities Banking and Financials Conference 2021
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the BofA Securities Banking and Financials Conference on Wednesday, November 10, 2021 at 10:30 am EST.
Oct 29, 2021 06:30 am ET
Ares Management Corporation Highlights Third Quarter and Last Twelve Months U.S. Direct Lending Commitments
Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.2 billion in commitments across 54 transactions during the third quarter of 2021 and approximately $27.0 billion in commitments across 244 transactions in the last twelve-month period ended September 30, 2021. This compares to the $2.0 billion in commitments closed across 31 transactions during the third quarter of 2020 and approximately $8.4 bi
Oct 29, 2021 06:00 am ET
Ares Management Corporation Awarded Innovative Public-Private Partnership with the Community of Madrid to Develop More Than 3,600 Affordable Rental Residential Units
As part of the investment, Ares has partnered with Madrid-based companies AEDAS Homes, a leading residential developer in Spain, and Grupo SANJOSE, a global construction company, to act as the project manager and developer, and constructor, respectively. All project plans have been developed with what we believe is a strong focus on environmentally conscious design, construction and operations, including Grade A energy efficiency certification, materials specifically selected and sourced to minimize environmental impact and efficient design for waste management and water usage. The home
Oct 27, 2021 06:00 am ET
Ares Management Corporation Reports Third Quarter 2021 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2021.
Oct 25, 2021 10:00 am ET
Archwest Capital Announces Strategic Minority Investment by Aspida
Archwest Capital, LLC (“Archwest Capital”) today announced the completion of a strategic minority investment by
Oct 25, 2021 06:30 am ET
Ares Management Corporation Launches Ares Wealth Management Solutions
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today the formation of Ares Wealth Management Solutions (“WMS”). WMS will oversee the product development, distribution, marketing and client management activities across Ares’ investment offerings in the global wealth management channel. With a team of more than 90 fundraising and client service professionals, WMS will comprise one of the largest fundraising and client service teams dedicated to the wealth management channel in the alternatives industry.
Oct 21, 2021 05:31 pm ET
LaserAway Announces Strategic Investment by Ares Management
LaserAway, a leading provider of aesthetic dermatology, announced today a strategic investment made by funds managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) (“Ares”). Terms of the investment were not disclosed.
Oct 18, 2021 06:50 am ET
Ares Management Corporation Closes Oversubscribed Second Junior Capital Direct Lending Fund
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Private Credit Solutions II (“APCS II” or the “Fund”). APCS II was oversubscribed with $5.1 billion of commitments compared to its $4.0 billion target and is approximately 50% larger than its 2017 predecessor fund.
Oct 12, 2021 04:22 pm ET
The Lockwood Group Announces Strategic Investment from Ares Private Equity Group
STAMFORD, Conn., Oct. 12, 2021 /PRNewswire/ -- The Lockwood Group ("Lockwood"), an industry leader in scientific-based medical communications for the pharmaceutical, biotech, and medical device industries, announced today a strategic investment made by a fund managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) ("Ares"). Terms of the investment were undisclosed.
Oct 06, 2021 06:45 am ET
Funds Managed by Ares Management to Acquire Majority Stake in Apex Clean Energy
Apex Clean Energy (“Apex”) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that funds and other accounts managed by Ares’ Infrastructure and Power strategy have entered into an agreement to acquire a majority stake in Apex. The transaction will provide Apex with additional equity growth capital as it seeks to transition to a pure-play renewable energy independent power producer (IPP).
Oct 05, 2021 05:30 pm ET
EPIC Y-Grade Announces Completion of NGL Super-System Stretching From Corpus Christi to Sweeny, Texas Including Strategic Connections to Premium Purity Markets
EPIC Y-Grade, LP (“EPIC” or “the Company”) is pleased to announce the completion of its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical. The Company is strategically advantaged with connectivity to both the Corpus Christi and Sweeny, Texas, markets. EPIC can transport and fractionate NGL volumes in both locations as well as access its storage position in Sweeny for both Y-Grade and purity products. The Company has also placed in service a 175-mile propane pipeline f
Oct 04, 2021 03:30 am ET
Ares Management Corporation Closes Oversubscribed Third European Property Enhancement Fund
Ares Management Corporation (“Ares”) (NYSE:ARES), a leading global alternative investment manager, announced today the final closing of Ares European Property Enhancement Partners III SCSp (“EPEP III” or the “Fund”). EPEP III was oversubscribed with approximately €1.5 billion of commitments compared to its €1.0 billion target and is more than twice the size of its 2016 predecessor fund.
Sep 29, 2021 04:15 pm ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2021
Ares Management Corporation announced today that it will report earnings for the third quarter ended September 30, 2021 on Wednesday, October 27, 2021 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its third quarter ended September 30, 2021 financial results.
Sep 17, 2021 09:20 am ET
Ares Management Corporation Closes $150 Million Preferred Equity Investment in Inter Miami CF
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its Credit Group have closed on a $150 million preferred equity investment in Inter Miami CF. The transaction is in connection with Inter Miami’s announcement that Jorge and Jose Mas and David Beckham have finalized the buyout of Marcelo Claure and Masayoshi Son.
Sep 13, 2021 07:00 am ET
Marcus Shaw Named CEO of ALT Finance Corporation
WASHINGTON, Sept. 13, 2021 /PRNewswire/ -- ALT Finance Corporation ("AltFinance") is pleased to announce the appointment of Marcus Shaw as its Chief Executive Officer. Shaw is a visionary leader with extensive experience in the technology, investment, and non-profit sectors. In his new role, he will guide AltFinance in its mission to increase diverse representation across the alternative investment industry.
Sep 08, 2021 06:30 am ET
Ares Management Corporation to Present at the Barclays Global Financial Services Conference
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the Barclays Global Financial Services Conference on Tuesday, September 14, 2021 at 1:15 pm EDT.
Sep 07, 2021 06:30 am ET
Ares Management Corporation Further Expands Net Lease Experience
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that John Case, Ben Fox, Joel Tomlinson and Taejoon Chun have joined to expand Ares’ presence and activity in net lease and related investment opportunities. These additions reflect Ares’ view of the compelling investment opportunities in the $12 trillion net lease market in the U.S. and Europe as well as the Company’s continued commitment to enhance its capabilities across the platform.
Sep 02, 2021 07:00 am ET
EPIC Midstream Holdings Announces New Executive Leadership
EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced Michael Garberding has joined EPIC as the Chief Financial Officer effective August 31, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer.
Aug 09, 2021 06:30 am ET
Ares Management Corporation Leads £1 Billion of Available Debt Facilities to RSK Group in Largest Sustainability Linked Private Credit Financing to Date
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that funds managed by its European Direct Lending strategy are serving as the sole lenders of £1 billion of available debt facilities to the RSK Group (“RSK”), the U.K.’s largest privately-owned multi-disciplinary environmental business. This transaction marks the largest private credit-backed sustainability linked financing to date and will be used to refinance RSK’s existing credit facilities as well as support its continued organic and inorganic growth plans.
Aug 04, 2021 04:15 pm ET
Ares Management Corporation to Host Investor Day
Ares Management Corporation (NYSE: ARES) will host an Investor Day on Thursday, August 12, 2021 via live video stream. During the event, members of Ares’ senior leadership team will provide an update on the firm’s businesses, growth strategy and future outlook. Prepared presentations will begin at 8:00 a.m. (Eastern Time) followed by a Q&A session.
Jul 30, 2021 06:30 am ET
Ares Management Corporation Highlights Second Quarter and Last Twelve Months U.S. Direct Lending Commitments
Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $9.0 billion in commitments across 77 transactions during the second quarter of 2021 and approximately $21.8 billion in commitments across 221 transactions in the last twelve-month period ended June 30, 2021. This compares to the $1.7 billion in commitments closed across 24 transactions during the second quarter of 2020 and approximately $12.3 bill
Jul 29, 2021 08:30 pm ET
Ares SSG Closes Third Secured Lending Fund at $1.6 Billion
Ares SSG, a leading Asia-Pacific alternative asset manager, today announced the final close of its third Secured Lending Opportunities Fund III (“SLO III” or the “Fund”), achieving capital commitments of more than $1.6 billion, which Ares believes is the largest pan-Asian secured lending fund to date.
Jul 29, 2021 06:00 am ET
Ares Management Corporation Reports Second Quarter 2021 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2021.
Jul 28, 2021 09:57 am ET
In-Purchase Financing Provider Behalf Raises Over $100M to Expand Buy Now, Pay Later Capability for B2B
Behalf, Inc., a provider of In-Purchase Financing solutions for B2B sellers and buyers, today announced $19 million in new venture financing. The round was led by existing investors MissionOG, Viola Growth, Viola Credit and Vintage Investment...
Jul 26, 2021 06:30 am ET
Aspida Life Re Ltd. Appoints Jon Steffen as President
Aspida Life Re Ltd. ("Aspida Re"), a reinsurance company and subsidiary of Aspida Holdings Ltd. (together with its subsidiaries, "Aspida"), today announced that Jon Steffen has joined Aspida Re as President.
Jul 15, 2021 06:30 am ET
Aspida Completes Acquisition of U.S. Based Insurance Platform
Aspida Holdings Ltd. (“Aspida”), an indirect subsidiary of Ares Management Corporation (“Ares”) (NYSE: ARES), announced today that it has closed on the acquisition of Global Bankers Insurance Group, LLC, a U.S. based insurance service provider and operations company (the “Company”). The acquisition is pursuant to the regulatory and court approved settlement agreement related to Aspida’s previously disclosed transaction with Pavonia Life Insurance Company of Michigan. Going forward, the Company will be rebranded as Aspida Financial Services, LLC (“Aspida Financial”).
Jul 14, 2021 05:21 pm ET
Ares Management’s Black Creek Industrial REIT IV Adds 8.3 Million Square Feet of Industrial Assets
Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that its managed fund, Black Creek Industrial REIT IV (“BCIIV”), has closed on the acquisition of 48 industrial properties totaling 8.3 million square feet. The properties were...
Jul 08, 2021 11:02 am ET
Resource Label Group acquired by Ares Management
Resource Label Group, LLC (“Resource Label”), a full service provider of pressure sensitive label, shrink sleeve and RFID/NFC technology for the packaging industry announced today the completion of a merger agreement with funds managed by the Private Equity Group of Ares Management Corporation (“Ares”). Resource Label was previously a portfolio company of First Atlantic Capital and TPG Growth.
Jul 02, 2021 06:30 am ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Second Quarter Ended June 30, 2021
Ares Management Corporation announced today that it will report earnings for the second quarter ended June 30, 2021 on Thursday, July 29, 2021 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its second quarter ended June 30, 2021 financial results.
Jul 01, 2021 04:15 pm ET
Ares Management Corporation Completes Acquisition of Black Creek Group
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that a subsidiary of Ares completed its previously disclosed acquisition of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black Creek”). As a leading real estate investment management firm, Black Creek has approximately 300 professionals operating across eight offices throughout the U.S. and approximately $11.6 billion of assets under management (“AUM”), as of March 31, 2021. The transaction increases Ares’ AUM to approximately $239 billion as of March 31, 2021, including the acquisition of
Jun 30, 2021 06:55 am ET
Ares Management Corporation Highlights Investments in the Sports, Media and Entertainment Sector
Ares Management Corporation (NYSE: ARES) announced today that funds managed by Ares have committed more than $1 billion of investments over the last six months in the sports, media and entertainment sector. Ares employs a global flexible private capital strategy that invests in both debt and equity investments, including senior debt, junior debt, preferred equity and minority equity while leveraging its relationships and capabilities across the Ares platform.
Jun 24, 2021 04:30 pm ET
Ares Management Corporation Announces Pricing of Fixed-Rate Resettable Subordinated Notes Offering
Ares Management Corporation (the “Company”) (NYSE: ARES) today announced the pricing of the previously announced offering of $450,000,000 of 4.125% Fixed-Rate Resettable Subordinated Notes due 2051 (the “notes”) by Ares Finance Co. III LLC, its indirect subsidiary. The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC and Ares Finance Co. II LLC. The offering is subject to customary closing conditions. The Company intends to use the net proceeds from this offering for general corporate purposes, in
Jun 24, 2021 08:55 am ET
Ares Management Corporation Announces Fixed-Rate Resettable Subordinated Notes Offering
Ares Management Corporation (the “Company”) (NYSE: ARES) today announced that its indirect subsidiary, Ares Finance Co. III LLC, intends to offer fixed-rate resettable subordinated notes (the “notes”), subject to market and other conditions. The notes will be fully and unconditionally guaranteed by Ares Holdings L.P., Ares Management LLC, Ares Investments Holdings LLC, Ares Finance Co. LLC and Ares Finance Co. II LLC. The Company intends to use the net proceeds from this offering for general corporate purposes, including debt repayment and to fund growth initiatives.
Jun 22, 2021 06:30 am ET
Ares Launches the Ares Charitable Foundation
Ares Management Corporation (“Ares” or the “Firm”) (NYSE: ARES), a leading global alternative investment manager, today announced the launch of the Ares Charitable Foundation (the “Ares Foundation”). The Ares Foundation will seek to accelerate equality of economic opportunity through grants to nonprofit organizations whose programming provides Career Preparation & Reskilling, encourages Entrepreneurship and deepens individuals’ understanding of Personal Finance.
Jun 15, 2021 07:00 am ET
Apollo, Ares and Oaktree to Launch $90 Million Initiative for Students at Historically Black Colleges and Universities
Apollo Global Management, Inc. (Apollo), Ares Management Corporation (Ares) and Oaktree Capital Management, L.P. (Oaktree) today announced a 10-year, $90 million, industry-first initiative, “AltFinance: Investing in Black Futures™.” The initiative is designed to diversify the alternative investment industry by attracting, training and providing career opportunities for college students attending three Historically Black Colleges and Universities (HBCUs).
Jun 09, 2021 06:30 am ET
Ares Management Corporation to Present at the Morgan Stanley U.S. Financials, Payments & CRE Conference
Ares Management Corporation (NYSE:ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Michael McFerran, are scheduled to present at the Morgan Stanley Virtual U.S. Financials, Payments & CRE Conference on Tuesday, June 15th at 2:45pm EDT.
Jun 02, 2021 04:15 pm ET
Ares Management Corporation Completes Acquisition of Landmark Partners
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that its subsidiary has completed its previously disclosed acquisition of Landmark Partners, LLC (collectively with its subsidiaries, “Landmark”), one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry.
May 20, 2021 04:20 pm ET
Ares Management Corporation Announces Agreement to Acquire Black Creek Group
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that a subsidiary of Ares has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black...
May 20, 2021 04:15 pm ET
Ares Management Corporation Announces Agreement to Acquire Black Creek Group
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that a subsidiary of Ares has entered into a definitive agreement to acquire 100% of Black Creek Group’s U.S. real estate investment advisory and distribution business (“Black Creek”), a leading real estate investment management firm.
May 12, 2021 06:30 am ET
Ares Management Corporation to Present at the Wells Fargo Virtual Financial Services Investor Conference
Ares Management Corporation (NYSE: ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Michael McFerran, are scheduled to present at the Wells Fargo Virtual Financial Services Investor Conference on Wednesday, May 19, 2021 at 11:20 am EDT.
May 11, 2021 04:30 pm ET
Ares Management Corporation to Present at the Barclays Americas Select Franchise Conference
Ares Management Corporation (NYSE: ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Michael McFerran, are scheduled to present at the Barclays Americas Select Franchise Conference on Tuesday, May 18, 2021 at 11:00 am EDT.
May 11, 2021 05:15 am ET
Ares Management Announces Sale of Farrow & Ball to Hempel Group
Ares Management Corporation (NYSE:ARES) today announced that a fund managed by its Private Equity Group has signed a purchase agreement to sell Farrow & Ball, a UK based manufacturer and retailer of premium paint and wallpaper, to Hempel Group. Terms of the transaction were not disclosed.
May 03, 2021 06:30 am ET
Ares Management Corporation Announces the Release of its Inaugural Sustainability Report
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the release of its inaugural sustainability report, titled Catalyzing a Better Future.
Apr 30, 2021 06:30 am ET
Ares Management Corporation Highlights First Quarter U.S. Direct Lending Commitments
Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $3.6 billion in commitments across 45 transactions during the first quarter of 2021.
Apr 29, 2021 06:00 am ET
Ares Management Corporation Reports First Quarter 2021 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its first quarter ended March 31, 2021.
Apr 29, 2021 12:00 am ET
Ares Management Corporation Closes Oversubscribed Fifth European Direct Lending Fund at €11 Billion
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its fifth commingled European direct lending fund, Ares Capital Europe V (“ACE V” or “the Fund”) at €11.0 billion, representing the largest European direct lending fund raised to date. With strong investor support, ACE V surpassed its €9.0 billion target eight months after its launch and closed oversubscribed at its €11.0 billion hard cap. The final Fund size represents an increase of approximately 70% versus the predecessor fund, Ares Capital Europe IV, whic
Apr 28, 2021 07:00 am ET
EPIC Midstream Holdings Announces New Executive Leadership
EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced George Millas has joined EPIC as the Chief Commercial Officer effective April 19, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer.
Apr 06, 2021 09:40 am ET
Ares Management Announces Pricing of Offering of Class A common stock
Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the pricing of its previously announced underwritten public offering of 9,500,000 shares of Class A common stock, par value $0.01 per share (“Class A common stock”), of the Company at a public offering price of $54.00 per share of Class A common stock. Ares has granted to the underwriters of the offering an option to purchase up to 1,425,000 additional shares of Class A common stock. The offering is expected to close on or about April 8, 2021, subject to customary closing conditions.
Apr 06, 2021 06:30 am ET
Ares Management Corporation Closes Oversubscribed Third U.S. Opportunistic Real Estate Fund
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its Ares U.S. Real Estate Opportunity Fund III, L.P. (“AREOF III” or the “Fund”). The Fund, which targets distressed, repositioning, and selective development opportunities, was oversubscribed with approximately $1.7 billion of commitments compared to its $1.5 billion target. This marks the largest U.S. real estate equity fundraise for Ares to date and is a significant increase from the $1 billion of commitments raised for the predecessor fund and related veh
Apr 05, 2021 04:10 pm ET
Ares Management Announces Launch of Offering of Class A common stock
Ares Management Corporation (NYSE: ARES) (“Ares” or the “Company”) today announced the launch of an underwritten public offering of 9,500,000 shares of Class A common stock, $0.01 par value per share (“Class A common stock”), of the Company. Ares expects to grant to the underwriters of the offering an option to purchase up to 1,425,000 additional shares of Class A common stock.
Apr 01, 2021 04:30 pm ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the First Quarter Ended March 31, 2021
Ares Management Corporation announced today that it will report earnings for the first quarter ended March 31, 2021 on Thursday, April 29, 2021 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. (Eastern Time) to discuss its first quarter ended March 31, 2021 financial results.
Apr 01, 2021 07:00 am ET
EPIC Midstream Holdings Announces New Executive Leadership
EPIC Midstream Holdings, LP (“EPIC” or “the Company”) today announced Jason Blevins has joined EPIC as the Chief Operating Officer effective March 22, 2021. He will report to Brian Freed, the Company’s Chief Executive Officer.
Mar 31, 2021 06:00 am ET
Ares Management Corporation Announces Agreement to Acquire Landmark Partners
Ares Management Corporation (“Ares”) (NYSE: ARES) announced today that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. (NYSE: BSIG) and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC (collectively with its subsidiaries, “Landmark”), one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. The transaction is valued at $1.08 billion, including approximately $787 million in cash and approximately $293 million in
Mar 16, 2021 06:30 am ET
Ares Management Corporation Closes $3.7 Billion Pathfinder Alternative Credit Fund
Ares Management Corporation (“Ares”) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of its Ares Pathfinder Fund, L.P. (together with its parallel vehicles, “Pathfinder” or the “Fund”). With $3.7 billion in total commitments closed, the Fund was significantly oversubscribed at its hard cap and exceeded its original target of $2.0 billion.
Mar 04, 2021 04:30 pm ET
Ares Management Corporation to Present at the 2021 RBC Capital Markets Global Financials Conference
Ares Management Corporation (NYSE: ARES) (“Ares”) announced today that its Chief Operating Officer and Chief Financial Officer, Michael McFerran, will participate in a panel discussion at the 2021 RBC Capital Markets Global Financials Conference on Wednesday, March 10, 2021 at 9:20 am ET.
Feb 25, 2021 04:05 pm ET
AMP and Ares Management Corporation Announce Intention to Pursue Joint Venture Partnership for AMP Capital’s Private Markets Businesses
AMP Limited (“AMP”) and Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that they have entered into a non-binding Heads of Agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority investments (“Private Markets”).
Feb 24, 2021 06:30 am ET
Ares Management and Generation Acquire Purpose-Built Student Accommodation Assets in UK
Ares Management Corporation (Ares) (NYSE: ARES) and Generation Partners (Generation) announced today that a joint venture established by a fund managed by the Ares Real Estate Group and Generation have acquired two student accommodation assets providing a total of 1,359 beds in the cities of Exeter and Cardiff for £157.5 million. This new initiative by Ares and Generation is part of a targeted residential investment strategy that will focus on Purpose-Built Student Accommodation (PBSA) assets in the UK.
Feb 19, 2021 06:00 am ET
Ares Management Corporation to Present at the 22nd Annual Credit Suisse Financial Services Forum
Ares Management Corporation (NYSE:ARES) announced today that its Chief Executive Officer and President, Michael Arougheti, and its Chief Operating Officer and Chief Financial Officer, Michael McFerran, are scheduled to present at the 22nd Annual Credit Suisse Financial Services Forum on Thursday, February 25, 2021 at 12:10 p.m. ET.
Feb 12, 2021 06:30 am ET
Ares Management Corporation Highlights Fourth Quarter and Full Year U.S. Direct Lending Commitments
Ares Management Corporation (NYSE: ARES) is providing details on certain new financing commitments made across its U.S. direct lending strategies. Funds managed by Ares Management Corporation’s Credit Group (collectively “Ares”) closed approximately $7.3 billion in commitments across 68 transactions during the fourth quarter and approximately $13.7 billion in commitments across 163 transactions for the full year 2020.
Feb 11, 2021 06:00 am ET
Ares Management Corporation Reports Fourth Quarter and Full Year 2020 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2020.
Feb 04, 2021 05:20 pm ET
Ares Acquisition Corporation Announces Closing of Upsized $1 Billion Initial Public Offering
Ares Acquisition Corporation (the “Company”), a special purpose acquisition company formed for the purpose of entering into a combination with one or more businesses, today announced the closing of its initial public offering of 87,000,000 Class A ordinary shares at a price of $10.00 per share and the sale of an additional 13,000,000 Class A ordinary shares at $10.00 per share pursuant to the underwriters’ exercise of an over-allotment option. Total gross proceeds from the offering were $1 billion before deducting underwriting discounts and commissions and other offering expenses payable by th
Jan 27, 2021 06:30 am ET
Ares Management Appoints Indhira Arrington as Global Chief Diversity, Equity and Inclusion Officer
Ares Management Corporation (NYSE: ARES) (“Ares”) today announced that Indhira Arrington has joined the firm as Managing Director and Global Chief Diversity, Equity and Inclusion Officer.
Jan 12, 2021 06:00 am ET
Ares Management Corporation and Aviation Industry Veterans Announce Launch of Vmo Aircraft Leasing
Ares Management Corporation (NYSE: ARES) and aviation industry veterans, including Bob Brown, Sean Sullivan and Will Hudson, announced today the launch of Vmo Aircraft Leasing L.P. (“Vmo”), a newly-formed company to acquire and lease commercial aircraft. Funds managed by Ares’ Private Equity Group and Vmo management have committed approximately $500 million in initial equity capital to support Vmo, which will target a global and diversified portfolio of modern, next-generation and efficient commercial aircraft.
Jan 11, 2021 04:30 pm ET
Ares Management Corporation Schedules Earnings Release and Conference Call for the Fourth Quarter and Fiscal Year Ended December 31, 2020
Ares Management Corporation announced today that it will report earnings for the fourth quarter and fiscal year ended December 31, 2020 on Thursday, February 11, 2021 prior to the opening of the New York Stock Exchange. Ares Management Corporation will hold its webcast/conference call on the same day at 12:00 p.m. ET to discuss its fourth quarter and fiscal year ended December 31, 2020 financial results.
Jan 11, 2021 03:42 pm ET
Pretium, Ares Management and Front Yard Residential Complete First-Ever Single-Family Rental Take-Private Transaction
NEW YORK and LOS ANGELES, Jan. 11, 2021 /PRNewswire/ -- Pretium and a group of its investors, and funds managed by the Real Estate Equity and Alternative Credit strategies of Ares Management Corporation (NYSE: ARES) ("Ares") today announced the completion of their acquisition of Front Yard Residential Corporation (NYSE: RESI) ("Front Yard"), a leading provider of high-quality and affordable single-family rental ("SFR") housing.
Jan 07, 2021 07:00 am ET
TricorBraun To Be Acquired By Ares Management And Ontario Teachers' Pension Plan Board
ST. LOUIS, Jan. 7, 2021 /PRNewswire/ -- Global packaging leader TricorBraun (the "Company") announced today that it has entered into a definitive stock purchase agreement with funds managed by Ares Management Corporation's (NYSE: ARES) Private Equity Group ("Ares") and Ontario Teachers' Pension Plan Board ("Ontario Teachers'"). Ares and Ontario Teachers' will acquire a majority interest in the Company.
Dec 18, 2020 09:20 am ET
Ares Management Corporation and Aspida Announce the Closing of F&G Reinsurance Acquisition
Ares Management Corporation (“Ares”) (NYSE: ARES) and its indirect subsidiary Aspida Holdings Ltd. (“Aspida”) jointly announced today the completion of Aspida’s previously announced acquisition of F&G Reinsurance Ltd (the “Company”) from FGL Holdings (“F&G”), a subsidiary of Fidelity National Financial, Inc. (NYSE: FNF). As part of the transaction, Aspida will enter into a strategic flow reinsurance agreement with F&G related to certain annuity products. Terms of the all cash transaction were not disclosed.
Dec 18, 2020 08:20 am ET
Fidelity National Financial and F&G Complete the Sale of F&G Re to Aspida Holdings Ltd.
JACKSONVILLE, Fla. and DES MOINES, Iowa, Dec. 18, 2020 /PRNewswire/ -- Fidelity National Financial, Inc. ("FNF") (NYSE: FNF) and F&G, a leading provider of annuities and life insurance, announced today the completed sale of F&G Reinsurance Ltd ("F&G Re") to Aspida Holdings Ltd. ("Aspida"), an indirect subsidiary of Ares Management Corporation (NYSE: ARES). Proceeds from the sale of F&G Re will be used for general corporate purposes, including funding growth opportunities at F&G. Financial terms of the deal were not disclosed, and the transaction is expected to have no mat
Dec 02, 2020 06:30 am ET
Ares Management Corporation to Present at the Goldman Sachs 2020 U.S. Financial Services Conference
Ares Management Corporation announced today that its Chief Executive Officer and President, Michael Arougheti, is scheduled to present at the 2020 Goldman Sachs U.S. Financial Services Conference on Tuesday, December 8, 2020, at 12:00 p.m. ET.
Nov 23, 2020 07:30 am ET
Front Yard Residential Signs Amended Merger Agreement with Pretium and Ares Management
Front Yard Residential Corporation (“Front Yard” or the “Company”) (NYSE: RESI), an industry leading provider of high-quality and affordable rental homes, announced today that it has amended its definitive merger agreement with a partnership led by...
Nov 23, 2020 06:30 am ET
Ares Management Completes Sale of Valet Living to GI Partners
Ares Management Corporation (NYSE: ARES) today announced that a fund managed by its Private Equity Group and Harvest Partners, LP have sold Valet Living, the largest nationally-recognized, full-service amenities provider to the multi-family housing industry, to GI Partners. Terms of the transaction were not disclosed.
Nov 23, 2020 05:35 am ET
GI Partners Announces Acquisition of Valet Living
SAN FRANCISCO, Nov. 23, 2020 /PRNewswire/ -- GI Partners, a leading private investment firm, announced today that it has acquired Valet Living, the largest nationally-recognized, full-service amenities provider to the multifamily housing industry. GI Partners acquired Valet Living from a fund managed by the Private Equity Group of Ares Management Corporation (NYSE:ARES) and Harvest Partners, LP.
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