Key facts
- Ares Management announced a record $36 billion in fundraising for the second quarter.
- Institutional investor demand for private credit drove the record fundraising.
- Assets under management rose 17% to $671.3 billion.
- Fee-related earnings increased 20% to $491.1 million.
- The second quarter saw significant growth for Ares Management.
Ares Management has reported a record-breaking second quarter, securing $36 billion in new fundraising. This substantial influx of capital was primarily fueled by robust demand from institutional investors for the firm's private credit offerings. The strong fundraising performance contributed to a significant increase in assets under management, which grew by 17% to reach $671.3 billion by the end of the quarter. Alongside these growth metrics, Ares Management also saw its fee-related earnings climb by 20%, totaling $491.1 million. This rise in earnings indicates improved profitability and operational efficiency within the firm. The company's performance highlights a broader trend of increasing investor interest in alternative asset classes, particularly private credit, as traditional markets face volatility.