Ares Management (ARES) Aims $750 Billion in AUM by 2028 [Yahoo! Finance]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: Yahoo! Finance
ARES has been benefiting from high interest rates and robust demand for private credit. The company will focus on credit, wealth and insurance for its growth. ARES expects to increase assets under management (AUM) to more than $750 billion by the end of 2028. This indicates an increase of more than 75% from the 2023-end reported figure of $419 billion. This will be driven by scaling existing funds, as well as launching and growing new strategies. “We expect to grow faster than the projected industry average over the next five years,” per the presentation. Particularly, in the wealth management solutions business, Ares Management aims to increase AUM to $100 billion in 2028, up from about $25 billion now. Moreover, management fees are expected to increase from $175 million to $600 million over the same time. Private credit AUM is expected to increase from $1.7 trillion to more than $2.8 trillion by 2028. Given that alternative credit is ARES' fastest organically growing strat
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ARES
News
- Deals Heat Up for Alternative Asset Managers Hunting Billions [BNN Bloomberg (Canada)]BNN Bloomberg
- Ares Said to Explore Deal for Real Estate Investor GLP Capital Partners [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Ares Management exploring deal with GLP Capital Partners - Bloomberg [Seeking Alpha]Seeking Alpha
- Investing in Ares Management (NYSE:ARES) five years ago would have delivered you a 480% gain [Yahoo! Finance]Yahoo! Finance
- Ares Management Co. (NYSE: ARES) was downgraded by analysts at Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating. They now have a $132.00 price target on the stock, down previously from $176.00.MarketBeat
ARES
Earnings
- 5/2/24 - Miss
ARES
Sec Filings
- 6/14/24 - Form 8-K
- 6/13/24 - Form 424B5
- 6/12/24 - Form 424B5
- ARES's page on the SEC website