Ares Management Reports Strong Q2 Performance with Record Fundraising and Growth in Fee-Paying Assets
Ares Management Corporation (NYSE:ARES) reported robust second-quarter results, driven by record fundraising of $36 billion during the quarter. This brought total first-half fundraising to $66 billion, contributing to a year-over-year increase of 17% in both Total AUM and fee-paying AUM, reaching approximately $671 billion and $410 billion respectively. The firm's financial performance was equally strong, with Fee-Related Earnings rising by 20% to about $491 million. After-tax realized income increased by 27% year-over-year to $468 million. Ares also announced a more than 20% increase in its quarterly dividend to $1.35 per share, with the payout scheduled for September 30. Investment activity across credit and real assets was robust at $36 billion, supported by private-credit, infrastructure, and real estate deployments. Redemptions remained low, particularly within non-traded BDCs where core U.S. individual-investor redemptions were only about 2.5% of NAV.
Tickers: $ARES
Topics: aum_growth dividend_increase fee_related_earnings fundraising