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Our Available Capital totaled $34.6 billion with Shadow AUM of $27.1 billion ($25.2 billion currently available for deployment). Sign up and get the best of News delivered straight to your email inbox, free of charge. Track the AUM, funds, and holdings for Ares Management LLC over time. A market-leading Business Development Company delivering comprehensive financing solutions to the middle-market.Kipp deVeer appeared on Bloomberg to discuss private credit and the state of the global economy.ARCC is a market-leading Business Development Company and one of the largest direct lenders in the U.S.Our mission is to create long-term value for our shareholders through an attractive dividendARCC is externally managed by a subsidiary of Ares Management Corporation (NYSE:ARES) (“Ares”) a leading global alternative investment managerARCC’s dynamic global platform combines powerful origination capabilities and extensive knowledge to deliver comprehensive solutions to meet the distinct and underserved financing needs of private middle-market companies across a wide range of industries.Ares Capital Corporation Announces June 30, 2020 Financial Results and Declares Third Quarter 2020 Dividend of $0.40 Per ShareAres Capital Corporation Announces Virtual 2020 Special Meeting of StockholdersAres Capital Corporation Prices Public Offering of $750.0 Million 3.875% Unsecured Notes Due 2026Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2020 "We believe our results reflect our resilient, management fee-centric business model that is well-suited for navigating volatility. Information provided is as of June 30, 2020 and pro forma for Ares Management’s acquisition of SSG Capital Holdings Limited (“SSG”), which closed on July 1, 2020. "The unprecedented market volatility and disruption caused by the "Despite the economic disruption, we generated another record level of fee-related earnings with growth of 31% vs. the prior-year period and our fee-paying AUM exceeded $100 billion for the first time," Mr. Arougheti said. Ares' largest business by AUM was credit with $101.1 billion in assets as of March 31, up 5.4% from Dec. 31 and 30.7% from March 31, 2019. Ares is excluding energy investments from its latest private equity funds, but it will be an investment sector in other funds, including its dedicated energy funds.Credit, Ares' largest business by AUM, had $117.4 billion at the end of the second quarter, a 4.4% increase from $112.5 billion as of March 31 and up 11.3% from $105.5 billion as of June 30, 2019. View the latest funds and 13F holdings. Get access to the news, research and analysis of events affecting the retirement and institutional money management businesses from a worldwide network of reporters and editors. Administrative, transaction and other fees were $10.4 million for the first quarter, up from $2.5 million for the prior quarter and $9.7 million in the year-earlier quarter.
Apollo Global Management, Inc., is a global alternative investment manager firm. Ares Capital Corporation Announces Virtual 2020 Special Meeting of Stockholders. Ares Management’s global platform had $144 billion of assets under management as of September 30, 2019 with approximately 1,200 employees in … We'll assume you're ok with this, but you can opt-out if you wish. Private equity AUM was $26.6 billion as of June 30, up 20.9% from $22 billion at the end of the prior quarter and up 7.7% from $24.7 billion year-over-year. Real estate had $14.4 billion in AUM, up 2% from $14.1 billion as of March 31 and a 21% increase from $11.9 billion at the end of the year-earlier quarter.GAAP net income was $56.4 million for the second quarter. Aug 04 / 2020. The company's stock is publicly traded on the NYSE under the symbol 'APO'.. Ares Management had $148.6 billion in AUM as of March 31, down 0.2% from three months earlier but up 8.7% from a year earlier.
Though Ares executives expect a slow and uneven recovery in coming years, the firm is well-positioned to take advantage of the dynamic environment, Mr. Arougheti said. Ares Capital Corporation Announces June 30, 2020 Financial Results and Declares Third Quarter 2020 Dividend of $0.40 Per Share. "Incentive fees were -$3.2 million in the first quarter, compared with incentive fee revenue of $40.5 million in the fourth quarter and $16.8 million in the first quarter of 2019. To consistently deliver news, research and analysis to the executives who manage the flow of funds in the institutional investment market.SEI drops Blackcrane as subadviser for international equity fundWasatch Global names first Asia-Pacific institutional head Sponsored Content: Institutional investors could be missing opportunity in securitized credit Apollo is headquartered in New York City, with additional offices across North America, Europe and Asia. As of March 31, 2020, AUM amounts include funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation and a registered investment adviser.
Press Release. Compare against similar firms. Ares Capital Management is a alternative asset management company based in Los Angeles, CA. Michael Arougheti, president and CEO, said the Ares workforce 'responded well' to the coronavirus challenges and is 'operating highly effectively.
It was founded in 1990 by Leon Black, Josh Harris, and Marc Rowan. Information provided is as of June 30, 2020 and pro forma for Ares Management’s acquisition of SSG Capital Holdings Limited (“SSG”), which closed on July 1, 2020. 'Ares attributed the increase over the 12-month period to fundraising, primarily in the areas of U.S. direct lending and syndicated loans.Ares' largest business by AUM is credit with $112.5 billion in assets as of March 31, up 1.8% from Dec. 31 and up 11.3% from March 31, 2019. Principal investment losses totaled $26.7 million in the quarter, compared with principal investment income of $10.6 million in the fourth quarter and $28.8 million in the first quarter of 2019.Ares had a GAAP net loss of $276 million in the first quarter, compared with net income of $84.5 million in the quarter ended Dec. 31 and $121.6 million in the year-over-year quarter.