Ares Posts Record $36 Billion Fundraising Quarter as Assets Under Management Hit $671 Billion
Updated
Updated · Bloomberg · Jul 31
Ares Posts Record $36 Billion Fundraising Quarter as Assets Under Management Hit $671 Billion
1 articles · Updated · Bloomberg · Jul 31
Summary
$36 billion in second-quarter inflows gave Ares Management a record fundraising quarter, lifting assets under management to $671 billion.
Fee-related earnings reached $491 million, beating the average analyst estimate in a Bloomberg survey and extending the firm's earnings outperformance.
The results stood out amid turmoil in private credit, suggesting investors still directed substantial capital to large alternative asset managers.
Los Angeles-based Ares used the fundraising surge to reinforce its scale in alternatives as market volatility tests fundraising across private markets.