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. All interested parties are invited to participate via telephone or the live...
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. Mr. Bhutani is a longstanding executive in the global asset management industry with over 25 years of experience. Most recently, Mr. Bhutani served as Chairman and Chief Executive Officer of Lazard Asset Management...
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”). "Avant has established a track record of success over the course of a decade of delivering on our mission to empower customers to reach their goals with innovative solutions designed to...
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. A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.aresmgmt.com . For those unable to listen to the live audio webcast, a replay will be available on the Company’s website shortly after the event. About...
UNAVETS recibe una financiación de 116 millones de euros de Ares Management para apoyar su crecimiento PR Newswire LONDRES, 23 de noviembre de 2022 LONDRES , 23 de noviembre de 2022 /PRNewswire/ -- UNAVETS Group ("UNAVETS"), el grupo líder en atención sanitaria veterinaria con más de 90 centros en España y Portugal , ha anunciado hoy que ha obtenido 116 millones de euros adicionales de los fondos de Ares Management Credit. Parte del capital se destinará a la refinanciación de la deuda...
UNAVETS erhält 116 Millionen Euro Finanzierungsmittel von Ares Management zur Unterstützung seines Wachstums PR Newswire LONDON, 23. November 2022 LONDON , 23. November 2022 /PRNewswire/ -- Die UNAVETS Group („UNAVETS"), die führende Unternehmensgruppe im Bereich der tierärztlichen Versorgung mit mehr als 90 Praxen in Spanien und Portugal , gab heute bekannt, dass sie zusätzliche 116 Millionen Euro an Geldmitteln von Ares Management Credit erhalten hat. Ein Teil des Kapitals dient der...
UNAVETS Receives €116 million Financing from Ares Management to Support Growth PR Newswire LONDON, Nov. 18, 2022 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...
UNAVETS Receives €116 million Financing from Ares Management to Support Growth PR Newswire LONDON, Nov. 18, 2022 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...
UNAVETS Receives €116 million Financing from Ares Management to Support Growth PR Newswire LONDON, Nov. 18, 2022 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...
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...
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...
Ares Management Corporation (NYSE:ARES) today reported its financial results for its third quarter ended September 30, 2022. GAAP net loss attributable to Ares Management Corporation was $35.5 million for the quarter ended September 30, 2022. On a basic and diluted basis, net loss attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.22 for the quarter ended September 30, 2022. After-tax realized income was $233.1 million for the quarter ended...
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. “We...
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. “We...
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. “With the closing of the tenth fund in this series,...
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. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a...
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....
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. “James is a seasoned and accomplished investment professional with whom...
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. A live audio webcast of the presentation will be available in the Investor Resources section of the Company’s website at www.aresmgmt.com . For those unable to listen to the live audio webcast, a replay will be available on the Company’s...
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. As previously announced, APMF is a registered, continuously offered, non-traded, closed-end fund. Leveraging the strength of the...