Latest news with #GCPInternational
Yahoo
01-08-2025
- Business
- Yahoo
Ares Management Corporation Reports Second Quarter 2025 Results
NEW YORK, August 01, 2025--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2025. GAAP net income attributable to Ares Management Corporation was $137.1 million for the quarter ended June 30, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.46 for the quarter ended June 30, 2025. After-tax realized income was $367.9 million for the quarter ended June 30, 2025. After-tax realized income per share of Class A common stock was $1.03 for the quarter ended June 30, 2025. Fee related earnings were $409.1 million for the quarter ended June 30, 2025. "We generated strong second quarter results, growing AUM, fee paying AUM and management fees by 24% or more year over year," said Michael Arougheti, Chief Executive Officer of Ares. "Our AUM benefited from our second highest level of quarterly gross fundraising coupled with record quarterly market appreciation driven by strong investment performance across our major strategies. With our diversified suite of funds and products seeing strong investor interest across our institutional, wealth and insurance channels, we believe we are on pace to meet or exceed our previous annual record for fundraising." "Our second quarter includes the first full quarter of financials from the GCP International acquisition, and we believe we are on track to meet our financial goals for this business, including greater than originally expected synergies that will be gradually realized over time," said Jarrod Phillips, Chief Financial Officer of Ares. "With an improving transaction environment and a record amount of available capital at more than $150 billion, we believe we are well positioned to generate meaningful future earnings growth." Common Stock Dividend Ares declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on September 30, 2025 to its Class A and non-voting common stockholders of record at the close of business on September 16, 2025. Preferred Stock Dividend Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on October 1, 2025 to its preferred stockholders of record at the close of business on September 15, 2025. Dividend Reinvestment Program Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on September 30, 2025. Equiniti Trust Company is engaged to administer the plan on behalf of Ares. Additional information can be located on the Investor Resources section of our website. Additional Information Ares issued a full detailed presentation of its second quarter 2025 results, which can be viewed at on the Investor Resources section of our home page under Events and Presentations. The presentation is titled "Second Quarter 2025 Earnings Presentation." Conference Call and Webcast Information Ares will host a conference call on August 1, 2025 at 11:00 a.m. (Eastern Time) to discuss second quarter results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 579-2543. International callers can access the conference call by dialing +1 (785) 424-1789. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID ARESQ225. For interested parties, an archived replay of the call will be available through September 1, 2025 to domestic callers by dialing +1 (800) 727-1367 and to international callers by dialing +1 (402) 220-2669. An archived replay will also be available through September 1, 2025 on a webcast link located on the Home page of the Investor Resources section of our website. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2025, Ares Management Corporation's global platform had over $572 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit Forward-Looking Statements Statements included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates," "foresees" or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Actual results may vary materially from those indicated in these forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Management Corporation does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of Ares or an investment fund managed by Ares or its affiliates. View source version on Contacts Investor Relations Contacts Greg Masongmason@ (800) 340-6597 Carl Drakecdrake@ (800) 340-6597 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
Globe and Mail
01-08-2025
- Business
- Globe and Mail
Ares Management Corporation Reports Second Quarter 2025 Results
Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2025. GAAP net income attributable to Ares Management Corporation was $137.1 million for the quarter ended June 30, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.46 for the quarter ended June 30, 2025. After-tax realized income was $367.9 million for the quarter ended June 30, 2025. After-tax realized income per share of Class A common stock was $1.03 for the quarter ended June 30, 2025. Fee related earnings were $409.1 million for the quarter ended June 30, 2025. 'We generated strong second quarter results, growing AUM, fee paying AUM and management fees by 24% or more year over year,' said Michael Arougheti, Chief Executive Officer of Ares. 'Our AUM benefited from our second highest level of quarterly gross fundraising coupled with record quarterly market appreciation driven by strong investment performance across our major strategies. With our diversified suite of funds and products seeing strong investor interest across our institutional, wealth and insurance channels, we believe we are on pace to meet or exceed our previous annual record for fundraising.' 'Our second quarter includes the first full quarter of financials from the GCP International acquisition, and we believe we are on track to meet our financial goals for this business, including greater than originally expected synergies that will be gradually realized over time,' said Jarrod Phillips, Chief Financial Officer of Ares. 'With an improving transaction environment and a record amount of available capital at more than $150 billion, we believe we are well positioned to generate meaningful future earnings growth.' Common Stock Dividend Ares declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on September 30, 2025 to its Class A and non-voting common stockholders of record at the close of business on September 16, 2025. Preferred Stock Dividend Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on October 1, 2025 to its preferred stockholders of record at the close of business on September 15, 2025. Dividend Reinvestment Program Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on September 30, 2025. Equiniti Trust Company is engaged to administer the plan on behalf of Ares. Additional information can be located on the Investor Resources section of our website. Additional Information Ares issued a full detailed presentation of its second quarter 2025 results, which can be viewed at on the Investor Resources section of our home page under Events and Presentations. The presentation is titled 'Second Quarter 2025 Earnings Presentation.' Conference Call and Webcast Information Ares will host a conference call on August 1, 2025 at 11:00 a.m. (Eastern Time) to discuss second quarter results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 579-2543. International callers can access the conference call by dialing +1 (785) 424-1789. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID ARESQ225. For interested parties, an archived replay of the call will be available through September 1, 2025 to domestic callers by dialing +1 (800) 727-1367 and to international callers by dialing +1 (402) 220-2669. An archived replay will also be available through September 1, 2025 on a webcast link located on the Home page of the Investor Resources section of our website. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2025, Ares Management Corporation's global platform had over $572 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit Forward-Looking Statements Statements included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the 'Securities Act'), and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as 'outlook,' 'believes,' 'expects,' 'potential,' 'continues,' 'may,' 'will,' 'should,' 'seeks,' 'predicts,' 'intends,' 'plans,' 'estimates,' 'anticipates,' 'foresees' or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Actual results may vary materially from those indicated in these forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Management Corporation does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of Ares or an investment fund managed by Ares or its affiliates.
Yahoo
01-08-2025
- Business
- Yahoo
Ares Management Corporation Reports Second Quarter 2025 Results
NEW YORK, August 01, 2025--(BUSINESS WIRE)--Ares Management Corporation (NYSE:ARES) today reported its financial results for its second quarter ended June 30, 2025. GAAP net income attributable to Ares Management Corporation was $137.1 million for the quarter ended June 30, 2025. On a basic and diluted basis, net income attributable to Ares Management Corporation per share of Class A and non-voting common stock was $0.46 for the quarter ended June 30, 2025. After-tax realized income was $367.9 million for the quarter ended June 30, 2025. After-tax realized income per share of Class A common stock was $1.03 for the quarter ended June 30, 2025. Fee related earnings were $409.1 million for the quarter ended June 30, 2025. "We generated strong second quarter results, growing AUM, fee paying AUM and management fees by 24% or more year over year," said Michael Arougheti, Chief Executive Officer of Ares. "Our AUM benefited from our second highest level of quarterly gross fundraising coupled with record quarterly market appreciation driven by strong investment performance across our major strategies. With our diversified suite of funds and products seeing strong investor interest across our institutional, wealth and insurance channels, we believe we are on pace to meet or exceed our previous annual record for fundraising." "Our second quarter includes the first full quarter of financials from the GCP International acquisition, and we believe we are on track to meet our financial goals for this business, including greater than originally expected synergies that will be gradually realized over time," said Jarrod Phillips, Chief Financial Officer of Ares. "With an improving transaction environment and a record amount of available capital at more than $150 billion, we believe we are well positioned to generate meaningful future earnings growth." Common Stock Dividend Ares declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on September 30, 2025 to its Class A and non-voting common stockholders of record at the close of business on September 16, 2025. Preferred Stock Dividend Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on October 1, 2025 to its preferred stockholders of record at the close of business on September 15, 2025. Dividend Reinvestment Program Ares has a Dividend Reinvestment Program for its Class A common stockholders that will be effective for the quarterly dividend on September 30, 2025. Equiniti Trust Company is engaged to administer the plan on behalf of Ares. Additional information can be located on the Investor Resources section of our website. Additional Information Ares issued a full detailed presentation of its second quarter 2025 results, which can be viewed at on the Investor Resources section of our home page under Events and Presentations. The presentation is titled "Second Quarter 2025 Earnings Presentation." Conference Call and Webcast Information Ares will host a conference call on August 1, 2025 at 11:00 a.m. (Eastern Time) to discuss second quarter results. All interested parties are invited to participate via telephone or the live webcast, which will be hosted on a webcast link located on the Home page of the Investor Resources section of our website at Please visit the website to test your connection before the webcast. Domestic callers can access the conference call by dialing +1 (800) 579-2543. International callers can access the conference call by dialing +1 (785) 424-1789. All callers are asked to dial in 10-15 minutes prior to the call so that name and company information can be collected and to reference the conference ID ARESQ225. For interested parties, an archived replay of the call will be available through September 1, 2025 to domestic callers by dialing +1 (800) 727-1367 and to international callers by dialing +1 (402) 220-2669. An archived replay will also be available through September 1, 2025 on a webcast link located on the Home page of the Investor Resources section of our website. About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of June 30, 2025, Ares Management Corporation's global platform had over $572 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit Forward-Looking Statements Statements included herein contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which reflect our current views with respect to, among other things, future events, operations and financial performance. You can identify these forward-looking statements by the use of forward-looking words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "predicts," "intends," "plans," "estimates," "anticipates," "foresees" or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. Such forward-looking statements are subject to various risks and uncertainties and assumptions relating to our operations, financial results, financial condition, business prospects, growth strategy and liquidity. Actual results may vary materially from those indicated in these forward-looking statements as a result of a number of factors, including those described from time to time in our filings with the Securities and Exchange Commission. Ares Management Corporation does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. Nothing in this press release constitutes an offer to sell or solicitation of an offer to buy any securities of Ares or an investment fund managed by Ares or its affiliates. View source version on Contacts Investor Relations Contacts Greg Masongmason@ (800) 340-6597 Carl Drakecdrake@ (800) 340-6597
Business Wire
11-06-2025
- Business
- Business Wire
Ares Management Closes Inaugural US$2.4 Billion Data Center Development Fund in Japan
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ('Ares'), a leading global alternative investment manager, announced today the final close of Japan DC Partners I LP ('JDC I' or the 'Fund'), marking Ares' first vehicle dedicated to data center investment and development. With approximately US$2.4 billion (¥350 billion) in total equity commitments, the Fund positions Ares to be one of the largest data center investors in Japan with significant capital to meet the rapidly growing demand from cloud and artificial intelligence applications. JDC I will invest in the development of three data center campuses in Greater Tokyo, one of the world's largest data center hubs, that are expected to collectively deliver nearly 240MW of IT load. These development assets will incorporate strong sustainability standards, including renewable-enabled power sourcing and cooling systems aligned with leading water efficiency protocols. The Fund's campuses will be developed and operated by Ada Infrastructure ('Ada'), a global data center platform acquired by Ares as part of the GCP International transaction and now vertically integrated into Ares. Supported by a dedicated team of over 70 professionals globally, Ada provides deep knowledge in executing complex data center projects. Ares anticipates additional investment opportunities in the Japan data center sector, including execution of its secured pipeline, as well as synergies between its broader digital infrastructure and climate infrastructure capabilities to support long-term development. Further, Ares believes that its established local capabilities in Japan, including extensive land sourcing activity and relationships with key business partners and community stakeholders through its leading logistics real estate business, strongly position the platform to continue expanding its data center footprint. As one of the institutional investors in the Fund, Canada Pension Plan Investment Board ('CPP Investments') has made an equity commitment of approximately US$1.3 billion (¥193 billion). CPP Investments was joined by other large institutional investors including GLP Pte Ltd ('GLP'), a leading Singapore-based global investor focused on the new economy. GLP was the largest shareholder in GCP International prior to Ares' acquisition of GCP International on March 1, 2025 and continues to own digital infrastructure assets across major international markets, including investments managed by Ares. 'This achievement underscores the leading investment and development capabilities that the combined Ares and GCP International platform brings to Japan's new economy sectors, and we appreciate the meaningful support from the Fund's investors, including CPP Investments,' said Blair Jacobson, Co-President of Ares. 'With the increasing adoption of AI and cloud computing technologies positioning Japan as a key market in the global data center ecosystem, we believe this capital will enable Ares to address supply constraints. As we work to introduce this next wave of critical assets, we are confident that the team's longstanding relationships with key data center customers and track record as reliable stewards of these assets will position us well as we seek to generate compelling risk-adjusted returns.' 'The demand for data centers in Asia Pacific continues to grow due to the increasing need for data processing and consumption,' said Max Biagosch, Senior Managing Director & Global Head of Real Assets for CPP Investments. 'As one of the largest data center markets in Asia, Japan acts as a key connection point between Asia and North America to facilitate efficient data transfer. The commitment to the Fund will further advance our global data center strategy and deliver attractive risk-adjusted returns for CPP contributors and beneficiaries.' About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately US$546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments.
Yahoo
11-06-2025
- Business
- Yahoo
Ares Management Closes Inaugural US$2.4 Billion Data Center Development Fund in Japan
NEW YORK, June 11, 2025--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ("Ares"), a leading global alternative investment manager, announced today the final close of Japan DC Partners I LP ("JDC I" or the "Fund"), marking Ares' first vehicle dedicated to data center investment and development. With approximately US$2.4 billion (¥350 billion) in total equity commitments, the Fund positions Ares to be one of the largest data center investors in Japan with significant capital to meet the rapidly growing demand from cloud and artificial intelligence applications. JDC I will invest in the development of three data center campuses in Greater Tokyo, one of the world's largest data center hubs, that are expected to collectively deliver nearly 240MW of IT load. These development assets will incorporate strong sustainability standards, including renewable-enabled power sourcing and cooling systems aligned with leading water efficiency protocols. The Fund's campuses will be developed and operated by Ada Infrastructure ("Ada"), a global data center platform acquired by Ares as part of the GCP International transaction and now vertically integrated into Ares. Supported by a dedicated team of over 70 professionals globally, Ada provides deep knowledge in executing complex data center projects. Ares anticipates additional investment opportunities in the Japan data center sector, including execution of its secured pipeline, as well as synergies between its broader digital infrastructure and climate infrastructure capabilities to support long-term development. Further, Ares believes that its established local capabilities in Japan, including extensive land sourcing activity and relationships with key business partners and community stakeholders through its leading logistics real estate business, strongly position the platform to continue expanding its data center footprint. As one of the institutional investors in the Fund, Canada Pension Plan Investment Board ("CPP Investments") has made an equity commitment of approximately US$1.3 billion (¥193 billion). CPP Investments was joined by other large institutional investors including GLP Pte Ltd ("GLP"), a leading Singapore-based global investor focused on the new economy. GLP was the largest shareholder in GCP International prior to Ares' acquisition of GCP International on March 1, 2025 and continues to own digital infrastructure assets across major international markets, including investments managed by Ares. "This achievement underscores the leading investment and development capabilities that the combined Ares and GCP International platform brings to Japan's new economy sectors, and we appreciate the meaningful support from the Fund's investors, including CPP Investments," said Blair Jacobson, Co-President of Ares. "With the increasing adoption of AI and cloud computing technologies positioning Japan as a key market in the global data center ecosystem, we believe this capital will enable Ares to address supply constraints. As we work to introduce this next wave of critical assets, we are confident that the team's longstanding relationships with key data center customers and track record as reliable stewards of these assets will position us well as we seek to generate compelling risk-adjusted returns." "The demand for data centers in Asia Pacific continues to grow due to the increasing need for data processing and consumption," said Max Biagosch, Senior Managing Director & Global Head of Real Assets for CPP Investments. "As one of the largest data center markets in Asia, Japan acts as a key connection point between Asia and North America to facilitate efficient data transfer. The commitment to the Fund will further advance our global data center strategy and deliver attractive risk-adjusted returns for CPP contributors and beneficiaries." About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately US$546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit About CPP Investments Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments. View source version on Contacts Ares Media: Priscila Roney | Jacob Silbermedia@ Investors: Greg Mason | Carl Drakeirares@ CPP Investments Media: Connie Lingcling@ 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
