BRIEF-Ares Management Says Q1 Fundraising Of $30 Billion, Up More Than 45% YoY

Ares Management Corporation

Ares Management Corporation

ARES

0.00

May 1 (Reuters) - Ares Management Corp ARES.N:

  • Q1 FUNDRAISING OF $30 BILLION, UP MORE THAN 45% YOY

  • Q1 ADJUSTED EPS $1.24 VERSUS. IBES ESTIMATE $1.34

  • Q1 FEE RELATED EARNINGS $464.4 MILLION VERSUS. IBES ESTIMATE $464.7 MILLION

  • ON TRACK FOR RECORD YEAR OF FUNDRAISING, CONTINUE TO SEE BROAD-BASED INVESTOR DEMAND ACROSS PLATFORM

  • Q1 TOTAL AUM $644.25 BILLION VERSUS. IBES ESTIMATE $645.90 BILLION

  • Q1 AVAILABLE CAPITAL OF $158.1 BILLION

  • Q1 DIVIDEND $1.35

  • Q1 CAPITAL DEPLOYMENT $32.3 BILLION

  • WELL POSITIONED TO INVEST CAPITAL OPPORTUNISTICALLY & MEET OUR FINANCIAL OBJECTIVES FOR FY

  • Q1 TOTAL GROSS NEW CAPITAL COMMITMENTS $29.5 BILLION


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