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Sep 30, 2024
Ares Q3 2024 Earnings Report
Ares reported strong third quarter results with fundraising momentum, increasing deployment, and strong fund performance.
Key Takeaways
Ares Management Corporation reported GAAP net income of $118.5 million and after-tax realized income of $316.0 million for the quarter ended September 30, 2024. The company expects a record fundraising year with gross commitments in the mid-$80 billion range.
Reported strong third quarter results with continued fundraising momentum.
Experienced increasing deployment and strong fund performance.
Observed year-over-year growth in key financial metrics.
Expects 2024 to be a record fundraising year with gross commitments in the mid-$80 billion range.
Forward Guidance
Based upon a more positive market tone, our third quarter deployment reached nearly $30 billion and we expect to see our investing activities broaden out further across our strategies in the next 12 months.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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