Ares Management Corporation reported strong first quarter results driven by record fundraising and growth in assets under management, leading to increased management fees and improving operating margins. The company is well-positioned with significant available capital to invest opportunistically.
Record first quarter fundraising of $30 billion, up more than 45% year over year.
positiveAssets Under Management (AUM) and fee-paying AUM grew 18% and 19% year over year, respectively.
positiveManagement fees grew 25% year over year, contributing to improving operating margins.
positiveDeclared a quarterly dividend of $1.35 per share.
positiveNo concerns identified
Margin metrics will be available once backend extracts data from insights_json
We reported strong first quarter results highlighted by continued growth across our key financial metrics, including record first quarter fundraising of $30 billion, up more than 45% year over year.
We are on track for another record year of fundraising as we continue to see broad-based investor demand across our platform.
We also continue to see strong fundamental performance across our investment portfolios despite the volatile market environment.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.