Ares Q3 2024 Earnings Report
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.
Ares
Ares
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.