Key Takeaways
- • Ares Management raised $31bn in the third quarter, putting the alternative asset manager on course for a record fundraising year, according to Reuters.
- • Credit business raised $15.2bn, while real assets attracted $11.2bn; more than half of quarterly inflows came from outside credit.
- • Assets under management rose 16% to $690.6bn, and fee-related earnings increased 11% to $524.2m.
- • Ares deployed $34.8bn in the quarter, with uninvested capital up 16% to $173.8bn; management expects investment activity to accelerate in Q4.
Summary
Ares Management raised $31bn in the third quarter, positioning the alternative asset manager for a record fundraising year as investors committed capital across private credit, real estate and infrastructure, according to a Reuters report. CEO Michael Arougheti said sustained demand from institutional and wealth investors supported expectations for a strong fourth quarter.
The composition of inflows was notable: more than half came from outside the credit business. The credit franchise raised $15.2bn, while real assets attracted $11.2bn. Recent fundraising included roughly $4bn for a Japan-focused logistics development fund and $4.2bn for a debut secondaries vehicle.
Firm-wide metrics also grew. Assets under management rose 16% year over year to $690.6bn, and fee-related earnings increased 11% to $524.2m. Ares deployed $34.8bn during the quarter, led by US and European direct lending, alternative credit and infrastructure strategies.
Uninvested capital increased 16% to $173.8bn. Management expects investment activity to accelerate in the fourth quarter, following subdued buyout activity and competition from syndicated lenders.
The composition of inflows was notable: more than half came from outside the credit business. The credit franchise raised $15.2bn, while real assets attracted $11.2bn. Recent fundraising included roughly $4bn for a Japan-focused logistics development fund and $4.2bn for a debut secondaries vehicle.
Firm-wide metrics also grew. Assets under management rose 16% year over year to $690.6bn, and fee-related earnings increased 11% to $524.2m. Ares deployed $34.8bn during the quarter, led by US and European direct lending, alternative credit and infrastructure strategies.
Uninvested capital increased 16% to $173.8bn. Management expects investment activity to accelerate in the fourth quarter, following subdued buyout activity and competition from syndicated lenders.
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