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Companies / Financials / Ares Management
ARES

Ares Management

FinancialsBanks & BrokersS&P 500
Ticker ARESLOS ANGELES, CAFiscal year ends DecemberBook value per share $17.62Diluted shares 225.2M

Ares Management Corporation operates as a leading global alternative investment manager with $622.5 billion in assets under management as of December 31, 2025. The company maintains over 4,250 employees across more than 55 offices in more than 25 countries and serves over 2,850 direct institutional relationships… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$5.60B
+44.2% year over year
Last 12 mo $5.99B
15.94%
−8.4 percentage points
Last 12 mo 18.08%
—
12.33%
−0.8 percentage points
Last 12 mo 16.04%
Cash & financing
$3.27B
+17.0% year over year
Last 12 mo $912.13M
$3.27B
+17.0% year over year
Last 12 mo $912.13M
1.45
Was 0.80× a year earlier
Last 12 mo 1.79
217.4M
+9.7% year over year
Last 12 mo 225.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ares Management does

In the company’s own words

Ares Management Corporation operates as a leading global alternative investment manager with $622.5 billion in assets under management as of December 31, 2025. The company maintains over 4,250 employees across more than 55 offices in more than 25 countries and serves over 2,850 direct institutional relationships alongside a significant retail investor base. More information about the company is available at www.aresmgmt.com.

The firm operates through four primary investment groups that manage complementary alternative asset strategies. The Credit Group, with $406.9 billion in AUM, serves as one of the largest managers of credit strategies across the non-investment grade credit universe, offering liquid credit, alternative credit, and direct lending products to the U.S., European, and APAC middle markets. The Real Assets Group manages equity and debt strategies across real estate and infrastructure investments, with vertically-integrated operating platforms and a recent acquisition of GLP Capital Partners' international business expanding logistics and digital infrastructure capabilities. The Secondaries Group invests in secondary markets across private equity, real estate, infrastructure, and credit strategies. The Private Equity Group deploys capital across market environments with focus on organic and inorganic growth and operational expertise.

Ares also operates other businesses including Ares Insurance Solutions, strategic investments through company-sponsored SPACs, and a venture capital business focused on growth-stage companies and applied artificial intelligence. The company's business model emphasizes management fees earned from advisory services, performance income from carried interest and incentive fees, and investment income from portfolio holdings.

The firm was founded in 1997 and has achieved compound annual AUM growth of 26% over the past five years and 21% over the past decade. Ares distinguishes itself through comprehensive multi-asset class expertise, differentiated market intelligence from proprietary research on over 55 industries, a consistent credit-oriented investment approach, robust sourcing capabilities, and a collaborative culture emphasizing knowledge sharing across investment groups. In 2025, the company raised $113.2 billion in gross new capital commitments and deployed $145.8 billion across its platform.

Company details
Sector
Financials
Industry (SIC)
Banks & Brokers
Headquarters
LOS ANGELES, CA
Fiscal year end
December
CIK
1176948
SIC
6282

Financial performance, year by year

Fiscal 2014–2025 · USD
$-598.76M$1.20B$2.99B$4.79B$6.59B201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ares Management — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

608
funds hold it
1 of 35
superinvestors hold it
$11.46B
held by funds, at market
44.3%
of shares held by funds
2
bond issues held by funds

Superinvestors in Ares Management · what they did last quarter

Daniel LoebNEW
Third Point
0.9%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Ares Management’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.03%of fund net assets
Schwab U.S. Dividend Equity ETF
SCHD · SCHWAB STRATEGIC TRUST
0.67%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.04%of fund net assets
0.15%of fund net assets
VANGUARD MID-CAP INDEX FUND
VO · VANGUARD INDEX FUNDS
0.23%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ares Management’s bonds, as funds hold them

Funds report holding 2 issues of Ares Management’s debt, $133.57M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 6.15%, maturing 2028 to 2054.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Ares Management and its peers compare on margins and cash generation over ten years?”
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