Ares Management Corporation Announces Key Developments

Ares Management Corporation has announced several key developments. The company’s CEO, Michael Arougheti, is scheduled to present at the Bank of America Securities 2025 Financial Services Conference.

Financial Performance

Ares Management reported record fundraising of $92.7 billion for 2024, representing a 12% year-over-year increase in fee-paying assets under management. However, the company’s Q4 earnings fell short of analyst estimates, with net investment income edging down.

Leadership Appointments

Ares Management has appointed two new co-presidents, Kipp deVeer and Blair Jacobson, to drive strategic initiatives and leadership development.

Dividend Payments

The company has also announced a significant increase in dividend payments, with a 20.4% rise to $1.12 per share.