More than half of the capital raised was allocated to Ares' credit group, as investor appetite for private credit continues to surge. The firm's Q1 results include $1.09 in after-tax realised income per share and $367.3m in fee-related earnings. Ares declared a quarterly dividend of $1.12 per share for its Class A and non-voting common stock, alongside a $0.84375 dividend for its 6.75% Series B preferred shares. 'We reported strong first quarter results with robust fundraising and investing activities,' said Michael Arougheti, CEO of Ares. 'Assets under management surpassed a half a trillion dollars, reflecting 20% or more year-over-year growth in many of our key financial metrics.' CFO Jarrod Phillips added, 'With a record amount of assets under management not yet paying fees of nearly $100bn, we remain well positioned to make attractive investments in a volatile market environment.' Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our...
learn more
