Ares Management

Updated on Oct 03, 2024

Edit

Comment

Type Public Industry Asset Management Founder Antony Ressler Number of employees 870 (2015)		Traded as NYSE: ARES CEO Antony Ressler (1997–) Founded 1997 Total assets 94 billion USD

Products Credit (Liquid and illiquid strategies- corporate loans, high yield bonds, institutional credit, credit opportunities, special situations, asset-backed, direct lending in the U.S. and Europe), Private Equity (North American and European flexible capital, U.S. power and infrastructure assets, China growth capital), and Real Estate (debt and equity- U.S. and European value-add and opportunistic) Website www.aresmgmt.com www.arescapitalcorp.com www.arescre.com www.arespublicfunds.com Stock price ARES (NYSE) US$ 21.50 -0.30 (-1.38%)28 Feb, 2:50 PM GMT-5 - Disclaimer Headquarters Los Angeles, California, United States

Ares management celebrates ipo on the new york stock exchange

Ares Management, L.P. is a publicly traded, global alternative asset manager focused on alternative strategies, including credit, private equity, and real estate activities.

History

The firm was established in 1997. The firm's co-founders include Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal.

Ares Capital Management LLC, a subsidiary of Ares Management, L.P. and an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation, a publicly traded closed-end, non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940. Established in 2004, Ares Capital Corporation provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States.

Ares Management Limited, a subsidiary of Ares Management, L.P., was established in 2006 as an expansion of the Ares business platform into Europe. As such, it is focused on Ares European capital markets operations. Ares Management Limited is authorized under the Financial Conduct Authority (FCA) in the United Kingdom to provide certain investment advisory services. In May 2007, a minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor is experienced in alternative asset classes and did not acquire any voting or governance rights via its investment.

In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange.

In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn (€6.95bn).

Business platforms

Ares’ investment activities are conducted through three business platforms:

Ares Credit Group manages liquid and illiquid credit strategies across the non-investment grade credit universe, with approximately $60.0 billion in assets under management as of May 10, 2016. Credit strategies include corporate loans, high yield bonds, institutional credit, credit opportunities, special situations, asset-backed, direct lending in the U.S. and Europe. Ares’ U.S. corporate lending activities are primarily conducted through Ares Capital Corporation and a separate commercial finance business that provides asset-based and cash flow loans to small and middle market companies. Ares’ European direct lending platform focuses on self-originated investments in illiquid middle market credits across commingled funds, separately managed accounts, and joint venture lending programs.

Ares Private Equity Group makes opportunistic majority or shared-control investments, principally in under-capitalized middle market companies and manages investments in U.S. power and infrastructure assets across the power generation, transmission, and midstream sectors. The Private Equity Group manages approximately $23.3 billion in assets under management through four corporate private equity commingled funds focused on North America and, to a lesser extent, Europe, one China growth fund and four commingled funds and six related co-investment vehicles focused on U.S. power and infrastructure assets as of May 10, 2016.

Ares Real Estate Group manages public and private equity and debt investments in real estate assets in North America and Europe. With approximately $10.2 billion in assets under management, the Real Estate Group manages several investment vehicles including its publicly traded REIT, Ares Commercial Real Estate Corporation, U.S. and European real estate private equity commingled funds and real estate equity and debt separately managed accounts as of May 10, 2016.

References

Ares Management Wikipedia

(Text) CC BY-SA

Ares management celebrates ipo on the new york stock exchange

Contents

History

Business platforms

References