The firm’s strong fundraising haul in the second quarter helped elevate its total assets under management to $158.4bn by the end of the period, up 11.5% from a year earlier. Ares’ private equity assets under management fell 12.7 percent to $22 billion during the first quarter, according to its latest earnings report.

That is 26% more than a year earlier. We are a global alternative investment manager that has generated cycle-tested performance for investors since our inception in 1997. Goldman Sachs, Oaktree Capital Provide up to $200MM in Financing for Payments Platform QuadPay, COVID-19 Forces One of the Biggest Surges in Tech Investment in History, Survey, VC, PE Legal Leaders Pressured to Cut Costs as Deal Volume Dips, Study Finds, Alvarez & Marsal Taxand Bolsters Energy M&A Abilities with New Hire, Ares Management Corp. Don’t worry about the news anymore, through our newsletter you’ll receive weekly access to what is happening. The SEC’s order finds that, in 2016, Ares invested several hundred million dollars in a public company through a loan and equity investment that allowed Ares to appoint a senior employee to the company’s board. As of June 30, 2020, Ares Capital Corporation’s (“Ares Capital” or “ARCC”) portfolio had a fair value of approximately $13.8 billion, and consisted of 352 portfolio companies backed by 167 different private equity sponsors. The firm was charged with having inadequate controls in place when it let an employee participate in trading decisions about a company in its portfolio while that same employee sat on the company's board. We examine some of Ares Management's private equity funds in the latest instalment of a special series looking at quarter-on-quarter performance amid the downturn. The free newsletter covering the top industry headlines, By signing up to receive our newsletter, you agree to our, Morningstar hit with $3.5M fine for conflicts of interest, SEC charges companies for making false COVID-19 claims, Transforming the Finance Back Office with AI-Powered Automation, What Can Trigger a Sales and Use Tax Audit and How to be Prepared, 5 Ways CFOs are Adapting in Uncertain Times, Recurring Revenue Makes Forecasting the Recovery Easier, Millions of Jobs Have Been Lost, but Hiring Is Booming at These Companies, Private-Company CFO Considerations for SPAC, The Next Evolution of Customer Engagement for Financial Services, The Ultimate Guide on Achieving Visibility for CFOs, From Crisis to Prosperity: Experts Predict Financial Industry’s Path Forward. The firm is seeking €9bn for a new European credit vehicle which could be the largest fund in the firm’s history, WSJ Pro Private Equity previously reported. We aim to balance our portfolios with a diverse mix of industries and types of securities. Get the full list », You’re viewing 5 of 131 team members. Ares Management, a private equity firm and investment adviser. The investigation was supervised by Assistant Director Jeffrey Weiss and Ms. Bandy. "It is critical for firms like Ares to have proper policies and procedures in place to address these risks and prevent the misuse of information obtained under these special circumstances," Bandy said. Ares plans to continue its push to raise capital as banks and other lenders hit by the pandemic retreat, creating more investment opportunities for the firm, Arougheti said. The firm's investment advisory arm used non-public information about a portfolio company from its private equity arm without adequate controls. (1) Affiliates of Ares Management Corporation serve as investment advisers to our publicly traded funds. Founded in 1997, Ares Private Equity Group is a private equity investment firm based in Los Angeles, London, New York, Boston, San Francisco, Shanghai. “Our entire organization is highly focused on surpassing at least $30bn of capital commitments this year, which we’ve only done once before, in 2018,” he said.

Get the full list », Co-Founder, Partner, Director & Co-Chairman of Private Equity. Robert Freedman

In the private markets, we seek to leverage the substantial resources of Ares Management's private equity and direct lending franchises by partnering with companies and … Under the settlement, Ares neither admitted nor denied it violated compliance requirements of the Investment Advisers Act of 1940. Ares Management Corporation Schedules Earnings Release and Conference Call for the Third Quarter Ended September 30, 2020, Ares Management Corporation Announces Agreement by Aspida to Acquire F&G Reinsurance Ltd from FGL Holdings, Ares Management Corporation Names John Knox as Australia & New Zealand Chairman of Ares SSG, Ares Management Corporation to Present at the Barclays Global Financial Services Conference, Ares Management Corporation Completes Acquisition of Majority Interest in SSG Capital Holdings Limited.

Summary. Subscribe to CFO Dive to get the must-read news & insights in your inbox. “In this environment, it’s been difficult for investors to [vet] new managers, which is leading investors to commit more capital with known relationships,” Arougheti said. The group manages flagship corporate private equity funds focused on North America and Europe, special opportunities, an energy opportunities fund, infrastructure and power funds and related co-investment vehicles and two China growth funds. "Investment advisers and private equity firms that place employees on the boards of public companies bear heightened risks that they will obtain nonpublic material information through their representative occupying dual roles," Anita Bandy, SEC Division of Enforcement associate director. Ares Management Corporation is a publicly traded, leading global alternative asset manager. Under the arrangement, Ares obtained potential material nonpublic information about the company, including through Ares’s representative on the company’s board, relating to changes in senior management, adjustments to the company’s hedging strategy, and decisions with respect to the company’s assets, debt, and interest payments. Founded in 1997, Ares Private Equity Group is a private equity investment firm based in Los Angeles, London, New York, Boston, San Francisco, Shanghai. Discover announcements from companies in your industry.

Please confirm you would like to remove this article from your saved articles. We are trusted stewards of flexible and scalable capital, investing across the credit, private equity and real estate markets. Ares Management’s private equity funds raised roughly $5bn in the second quarter, giving the firm a boost toward meeting a goal of raising more than $30bn this year across all its strategies, including credit and real estate funds.

Ares operates three distinct but complementary investment groups that invest in the credit, private equity and real estate markets and have the ability to invest in all levels of a company’s capital structure.

Subscribe to our Newsletter to increase your edge. Company News, Advertising All rights reserved. The firm’s sixth flagship vehicle, the Ares Corporate Opportunities Fund VI, raised $3.3bn during the quarter. Announces Agreement by Aspida to Acquire F&G Reinsurance Ltd from FGL Holdings, White Oak Leads $99.5MM ABL Credit Facility in Partnership with Gordon Brothers, CIT Leads Expansion of Credit Facility to $400MM for Mobilitie, MUFG Hires Kapadia as International Head of Capital Markets, Alvarez & Marsal Hires Former Federal Prosecutor to Lead North America Investigations Practice, Greenberg Traurig Expands Restructuring & Bankruptcy Capabilities, Adds Walsh in Boston, Chaparral Energy Completes Financial Restructuring, Raises $35MM in New Capital, Hovde Group Launches Asset Management Advisory with Timperman at Helm, Monroe Capital Supports Apax Partners’ Acquisition of MyCase, White Oak Commercial Finance Provides $25MM ABL Facility for Acquisition of Women’s Apparel Brands, Briar Capital Provides $2.5MM Term Loan to Florida Brewery, U.S. Census Bureau – U.S. Department of Commerce, Full Report on Manufacturers' Shipments, Inventories and Orders - August 2020, Back to The Future: The Future of Bank-ABL, Certainty in an Uncertain World: Structured CRE Sales Give Lenders Real-Time Data, Events All rights reserved. Additionally, Mr. Sachs serves as a member of Ares Credit Group, Private Equity Group and Real Estate Group fund investment committees and the Ares Equity Income Opportunity Strategy Portfolio Review Committee. Parent Organization .

The material on this site may Michael Arougheti, Ares chief executive, is pressing the firm to get near its 2018 fundraising record despite the coronavirus pandemic. In that year, Ares hauled in a record $36.1bn in new capital. During the quarter, Ares also raised $3.9bn across its various credit funds and $400m for its real estate investment vehicles, the CEO said. Copyright © 2012-2020



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