Ares Management Corp (N:ARES)
Business Focus: Investment Management
| Sector: Financials | Industry: Investment Management & Fund Operators |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2000 Ave Of The Stars, 12Th Floor LOS ANGELES CA 90067 |
| Tel: | 1-678-5381981 |
| Website: | https://www.aresmgmt.com |
| IR: | See website |
| Key People | ||
| Antony P. Ressler Executive Chairman of the Board, Co-Founder | Julie Solomon Co-Head of Real Estate | Michael J. Arougheti President, Chief Executive Officer, Co-Founder, Director |
| David B. Kaplan Co-Founder, Partner, Director | Bennett Rosenthal Co-Founder, Partner, Director, Chairman of the Ares Private Equity Group | Jarrod Phillips Partner, Chief Financial Officer |
| Ryan Berry Partner, Chief Marketing and Strategy Officer | Robert Kipp Deveer Partner, Head of Credit Group, Director | Naseem Sagati Aghili General Counsel, Secretary | Bill Benjamin Head of Real Estate |
| Business Overview |
| Ares Management Corporation is an alternative investment manager offering clients complementary primary and secondary investment solutions across various asset classes. Its segments include Credit Group, Private Equity Group, Real Assets Group, Secondaries Group, and Other. The Credit Group segment manages credit strategies across the liquid and illiquid spectrum, including liquid credit, alternative credit, direct lending and APAC credit. The Private Equity Group segment categorizes its investment strategies as corporate private equity, special opportunities and APAC private equity. The Real Assets Group segment manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group segment invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit. Its subsidiaries include Ares Holdco LLC, Ares Holdings L.P., Ares AMWH Holdings, Inc., and others. |
| Financial Overview |
| For the three months ended 31 March 2024, Ares Management Corp revenues decreased 13% to $707.4M. Net income applicable to common stockholders decreased 26% to $65.8M. Revenues reflect Private Equity Group segment decrease of 20% to $38.1M, Real Estate Group segment decrease of 7% to $102.6M. Net income also reflects Interest expense of Consolidated Funds increase of 33% to $207.9M (expense). |
| Employees: | 2,850 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $58,594M as of Mar 31, 2024 |
| Annual revenue (TTM): | $3,526M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,143M as of Mar 31, 2024 |
| Net annual income (TTM): | $430.06M as of Mar 31, 2024 |
| Free cash flow (TTM): | -$1,414M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $13,485M as of Mar 31, 2024 |
| Shares outstanding: | 309,814,845 as of May 2, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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