Ares Management reported first quarter results that reflected steady business performance, marked by double-digit asset growth and record fundraising, with the market reacting modestly (+1.4% post-earnings) as positive momentum largely met investor expectations.
- Assets under management (AUM) grew 18% year-over-year to $644 billion, with fee-paying AUM up 19% to $400 billion.
- Quarterly dividend was raised over 20% year-over-year to $1.35 per share, payable June 30.
- Management fees increased 22%, Fee Related Earnings (FRE) grew 26%, and realized income rose 24% year-over-year.
- Gross capital raised reached $30 billion in Q1, an all-time high for the first quarter and up 46% from last year.
- Investment deployment topped $32 billion, outpacing last year’s first quarter despite seasonal and geopolitical headwinds; available capital now stands at over $158 billion.
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