Q4 2024 Ares Management Corp Earnings Call Transcript

Feb 5, 2025 / 03:00 PM GMT

Transcript 8-K

Key Points

Positve

Ares Management Corp (ARES) declared a 20% increase in quarterly dividends, reflecting strong financial performance.
The company achieved record levels of fundraising and deployment, with assets under management (AUM) growing by 16% year over year to over $484 billion.
Ares Management Corp (ARES) expanded its executive management team, appointing Kipp De Vere and Blair Jacobson as co-presidents to drive strategic initiatives.
The firm reported strong growth in fee-related earnings (FRE) and management fees, with a 17% increase in FRE for the full year.
Ares Management Corp (ARES) is well-positioned for future growth with a record $133 billion of dry powder and a robust pipeline of investment strategies.

Negative

General and administrative (G&A) expenses rose by more than 20% in 2024, driven by supplemental distribution fees and new office leases.
The transaction environment in 2024 was subdued, impacting deployment activities despite a strong finish in Q4.
The company faces challenges in maintaining growth momentum without its two largest campaign funds in the market for 2025.
Ares Management Corp (ARES) anticipates a modest decline in fundraising for 2025 compared to the record levels achieved in 2024.
The competitive landscape in the private credit market is intensifying, with banks becoming more active, potentially impacting spreads and deal structures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ARES.N - Ares Management Corp
Q4 2024 Ares Management Corp Earnings Call
Feb 05, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, everyone. Welcome to Ares Management Corporation's fourth quarter and year end 2024 earnings conference call at this time. All participants are in a listen-only mode as a reminder, this conference call is being recorded on Wednesday, February 5th 2025. I will now turn the call over to Mr Greg Mason Cohead of Public Markets, investor relations for ares management. Please go ahead, sir.

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Unidentified_2 [2]
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Good morning and thank you for joining us today for our fourth quarter and year end 2024 conference call. I'm joined today by Michael Riti,

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