CFRA Upgrades Ares Management, L.P. (ARES) to Buy

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Ares Management (ARES) Tops Q2 EPS by 1c

August 2, 2024 7:37 AM EDT

Ares Management (NYSE: ARES) reported Q2 EPS of $0.99, $0.01 better than the analyst estimate of $0.98.

For earnings history and earnings-related data on Ares Management (ARES) click here.

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Ares Management (ARES) Closes $34B for U.S. Senior Direct Lending Strategy

July 31, 2024 6:30 AM EDT

Ares Management Corporation (Ares) (NYSE: ARES), a leading global alternative investment manager, announced today the final closing of Ares Senior Direct Lending Fund III (SDL III or the Fund). With total equity commitments of approximately $15.3 billion, SDL III was oversubscribed relative to its initial target of $10.0 billion. The total capital base for SDL III is expected to be approximately $33.6 billion, which includes equity commitments in related vehicles and anticipated leverage. The Fund is nearly double the size of SDL II, its 2021 predecessor fund, which had $14.9 billion in total debt and equity commitments.... More