Record-Breaking Capital Raising
Ares raised more than $30 billion of new capital in the quarter, marking the highest quarter on record. Year-to-date, over $77 billion has been raised, and in the last 12 months, over $105 billion, up 24% from the prior year.
Significant Growth in AUM
AUM increased to more than $595 billion and fee-paying AUM increased to $368 billion, both up 28% year-over-year.
Strong Management Fee Growth
Management fees reached a record $971 million, representing a 28% year-over-year increase.
Successful Infrastructure Fundraising
The third infrastructure secondaries fund exceeded its hard cap, closing with $3.3 billion in equity commitments, making it over 3x larger than its predecessor.
Credit Performance and Deployment
Raised $19.3 billion in credit strategies with strong performance across credit portfolios, including double-digit returns ranging from 10% to 23% over the last 12 months.