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Sep 30, 2023
Ares Q3 2023 Earnings Report
Ares reported its financial results for the third quarter ended September 30, 2023.
Key Takeaways
Ares Management Corporation reported GAAP net income of $61.8 million, with after-tax realized income at $261.1 million and fee related earnings of $274.2 million for the quarter ended September 30, 2023. The company had its second highest ever quarter of fundraising with gross new commitments totaling nearly $22 billion. Available capital balance surpassed $100 billion for the first time in the firm’s history.
GAAP net income attributable to Ares Management Corporation was $61.8 million.
After-tax realized income was $261.1 million.
Fee related earnings were $274.2 million.
Gross new commitments totaled nearly $22 billion.