Latest news with #AresManagement
CNBC
3 hours ago
- Business
- CNBC
Private equity bosses turn bullish on Europe
BERLIN – At the world's largest gathering of private equity professionals, the buzz around opportunity in Europe is undeniable, in a sharp reversal of sentiment from this time last year. That shift comes amid subdued dealmaking, depressed new listings on public markets and stuttering returns, coupled with U.S. President Donald Trump's volatile policymaking stateside. Blair Jacobson, co-president of private equity firm Ares Management, told the SuperReturn conference in Berlin on Wednesday that there was a "feeling right now that European markets are very attractive." Positive factors include falling interest rates and Germany's 500 billion euro fiscal package, he said. Jacobson said he was also encouraged by last year's Draghi report, which urged deregulation and increasing European competitiveness. "Europe is growing up and taking control of its own destiny, which can be positive for macro trends," he said, noting there was more of a pull factor into Europe than a push factor out of the U.S. Ares is focusing more on its international exposure and sees massive opportunities outside of the U.S., Jacobson added — evidenced by its recent acquisition of global alternative asset manager GCP International for $3.7 billion, which increased its exposure in Europe as well as in Asian infrastructure. Optimism toward Europe comes amid lackluster appetite from institutional investors. Data from Prequin shows Europe-focused private credit funds raised nearly $26 billion, down by 69% compared to the $82 billion peak hit in 2021. But Jacobson's comments were echoed by Blackstone's Vice Chairman Thomas Nides, who said that increased political stability in France, Germany and the U.K. means "shifting money into Europe is certainly not a bad bet." Nides nonetheless stressed that the muted M&A and IPO activity observed at a time of chaotic policymaking in Washington "will pass". "Trump keeps everyone on edge, and for people who are market participants, that's anxiety ridden. Boardrooms are cautious in decision-making," he said. "When you're a long-term investor you need to invest through cycles… Things will calm down, issues around tariffs will subside over time, and we'll get back to equilibrium." Asset managers are building headcount in Europe on the potential for new opportunity, Tamsin Coleman, private debt specialist at Mercer, told CNBC. "There hasn't been a wholesale shift in capital from the U.S., only at the edges or home buyers who were overweight in the U.S. adjusting slightly," she added. Digital infrastructure such as data centers, energy efficiency and defense came up repeatedly as key areas of growth potential during the SuperReturn morning sessions on Wednesday, including by Ivano Sessa, partner and co-head European private equity at Bain Capital. "We like to invest in pockets of growth in Europe," Sessa told the conference, calling defense a sensitive but interesting area in which the combination of risk-adjusted growth potential and visibility was "very unique." Highlighting the sentiment shift, Julian Salisbury, co-chief investment officer at Sixth Street, told a panel moderated by CNBC's Leslie Picker that "last year, everybody seemed all-in on growth in the U.S. That's usually a sign you should start considering other options." Salisbury noted the yawning valuation gap in European assets versus their U.S. counterparts since 2008, along with the desire among many growth-oriented European companies to list in the U.S. or be taken private from the public markets. "There's a real opportunity for private lenders [in Europe] to invest at lower valuations. There are still great businesses here," he said. As an example, he cited Sixth Street's recent investment in fried chicken franchise Wingstop, a growing business he says is resilient to factors such as interest rate fluctuations. Challenges to regional investment remain. James Reynolds, global co-head of private credit at Goldman Sachs Asset Management, told CNBC's "Early Edition Europe" on Wednesday that the business had over 150 portfolio companies in Europe that were growing and making acquisitions. "The barriers to entry and the barriers to compete in Europe, we find are a bit higher than maybe anywhere else, you're getting paid for complexity. You need to have offices all over. You need real presence, local presence. You don't do a deal in the same way in northern Europe, Southern Europe," Reynolds said. "Origination [sourcing investment] is a scarce commodity here, and so a lot of the capital is not getting access to the deals." Rajaa Mekouar, co-chief operating officer of Belgian single family office Capnor and founder of Calista Direct Investors, told CNBC that hype around Europe had dominated SuperReturn so far — but that she was skeptical it would move the needle that much in terms of capital flows from the U.S. "Everyone's comparing Europe and the U.S., and Europe is certainly back in favor after being ignored. But if the U.S. is in a political mess then so is Europe, which is a group of countries with different dynamics. So for us it's not a clear debate," she said. "In the U.S. you still have the sheer size of the market, and we still see resilience in the lower- mid-tier. Some fund managers may slow down their U.S. allocation, but investors there remain more risk-prone, and it will remain impossible to scale a tech company in Europe in the way it can be in the U.S.," she added.
Yahoo
2 days ago
- Business
- Yahoo
This Ares Management Insider Increased Their Holding By 85% Last Year
Viewing insider transactions for Ares Management Corporation's (NYSE:ARES ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In the last twelve months, the biggest single purchase by an insider was when Independent Director Ashish Bhutani bought US$1.4m worth of shares at a price of US$141 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$166. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! View our latest analysis for Ares Management Ares Management is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Ares Management insiders own about US$300m worth of shares (which is 0.8% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Ares Management. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Ares Management. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Business
- Yahoo
This Ares Management Insider Increased Their Holding By 85% Last Year
Viewing insider transactions for Ares Management Corporation's (NYSE:ARES ) over the last year, we see that insiders were net buyers. This means that a larger number of shares were purchased by insiders in relation to shares sold. While we would never suggest that investors should base their decisions solely on what the directors of a company have been doing, we would consider it foolish to ignore insider transactions altogether. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. In the last twelve months, the biggest single purchase by an insider was when Independent Director Ashish Bhutani bought US$1.4m worth of shares at a price of US$141 per share. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of US$166. Because it occurred at a lower valuation, it doesn't tell us much about whether insiders might find today's price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below! View our latest analysis for Ares Management Ares Management is not the only stock that insiders are buying. For those who like to find small cap companies at attractive valuations, this free list of growing companies with recent insider purchasing, could be just the ticket. I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. We usually like to see fairly high levels of insider ownership. Ares Management insiders own about US$300m worth of shares (which is 0.8% of the company). Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders. It's certainly positive to see the recent insider purchase. And the longer term insider transactions also give us confidence. Once you factor in the high insider ownership, it certainly seems like insiders are positive about Ares Management. Nice! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 4 warning signs that you should run your eye over to get a better picture of Ares Management. If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
26-05-2025
- Business
- Yahoo
Wells Fargo Maintains Overweight Rating on Ares Management (ARES), Lifts PT
On Friday, May 23, Wells Fargo analyst Michael Brown reaffirmed an Overweight rating for Ares Management Corporation (NYSE:ARES) due to continued confidence in the firm's performance and prospects and raised his price target from $182 to $189. A close up of a senior financial advisor reviewing a portfolio and making recommendations for an investor. In Q1 2025 Ares Management made $1.04 billion in quarterly revenue, which was an improvement of 38.21% despite increased market volatility. While the market initially anticipated increased M&A activity at the start of 2025 due to new administration policies, market volatility disrupted this expectation, particularly following the announcement of April 2nd tariffs and subsequent geopolitical events. This led to a drop in activity in liquid credit and equity markets as traditional capital providers adopted a risk-off position. Ares' business model allows it to avoid being a forced seller of assets due to its management fee-centric approach, low balance sheet leverage, and reliance on long-dated & locked-up third-party capital. Over 72% of Ares's total AUM is in credit-related products. Ares also achieved fundraising and deployment milestones and raised over $20 billion in gross new capital commitments. This marked the company's highest Q1 fundraising on record across all major strategies. Ares Management Corporation (NYSE:ARES) operates as an alternative asset manager in the US, Europe, and Asia. The company operates through several segments, which include the Tradable Credit Group, the Direct Lending Group, the Private Equity Group, and the Real Estate Group. While we acknowledge the potential of ARES to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ARES and that has 100x upside potential, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
23-05-2025
- Business
- Bloomberg
Private Funds Are Turning to Complex Bonds to Tackle Cash Crunch
Private capital firms grappling with a moribund dealmaking climate are increasingly turning to a niche securitized product to raise cash. Collateralized fund obligations, or CFOs, slice and dice private portfolios into bonds, many with top ratings, allowing their issuers to borrow cheaply against illiquid assets. A swathe of CFOs have come to the market recently, including deals this week from Ares Management Corp. and Carlyle Group Inc.'s private equity platform AlpInvest.
