Ares Management (ARES)
Manages credit-led alternative investment strategies across private markets and real assets.
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Manages alternative investment funds and accounts across credit, real assets, secondaries and private equity, earning management fees and performance-linked income. Credit is the dominant franchise, while insurance and wealth channels broaden its capital base and product distribution.
Manages alternative investment funds and accounts through Credit, Real Assets, Secondaries and Private Equity. Credit is the dominant franchise, spanning direct lending, liquid and alternative credit, opportunistic strategies and structured finance.
Invests in real estate and infrastructure, including industrial property, data centers, power and infrastructure debt. Secondaries buys fund interests and structures liquidity across private equity, real estate, infrastructure and credit; Private Equity targets middle-market companies. Local teams source and underwrite investments across the Americas, Europe, Asia Pacific and the Middle East.
Insurance solutions serves insurers, while the wealth platform broadens product distribution. Revenue comes from management fees and performance-linked carried interest and incentive fees. Results depend on fundraising, deployment, asset performance and realizations; some advisory agreements require annual renewal or allow termination on short notice.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 3, 2026 | RBC Capital | Reiterate | Rating: —Target: $173 | Target: $168 |
| Aug 3, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $155 | Target: $144 |
| Aug 3, 2026 | Oppenheimer | Reiterate | Rating: —Target: $215 | Target: $151 |
| Aug 3, 2026 | BMO Capital | Reiterate | Rating: —Target: $128 | Target: $134 |
| Jul 21, 2026 | Morgan Stanley | Target | Target: $163 | Target: $160 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.85B · Total debt $14.87B · Total assets $29.63B · Shareholders' equity $3.97B
- Revenue
- $1.43B
- Operating income
- $248.6M
- Net income
- $150.6M
HistoryDividendAnnual yield
| Institutions | ≈ 67.35% | 222.45M shares | |
|---|---|---|---|
| 862 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 35.31% | 116.62M shares | |
| 13 holders · as of Aug 3, 2026 | |||
| Strategic holders | 33.11% | 109.36M shares | |
| 1 holder · as of Feb 17, 2026 | |||
| Adds to | 135.77% | ||
330.28M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 135.77%; nothing is left for Other.
This company has 4 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Antony P. Ressler1Insiderdirector, 10 percent owner, officer: Co-Founder & Exec. Chairman | 33.82% | 111.69M COMPANY | filed Feb 17, 2026 |
Ares Partners Holdco LLC2Strategicdirector | 33.11% | 109.36M COMPANY | filed Feb 17, 2026 |
BlackRock, Inc.Institution | 5.11% | 16.88M A | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.16% | 13.75M A | as of Jun 30, 2026 |
Sumitomo Mitsui Financial Group, Inc.Institution | 4.05% | 13.36M A | as of Jun 30, 2026 |
- Antony P. Ressler's transaction reports restate only vehicles that traded; the 2026 ownership statement (111.69M) is used instead.
- Ares Partners Holdco LLC's transaction reports restate only vehicles that traded; the 2026 ownership statement (109.36M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 20, 2026 | Judy D. Olian | director | +480 | $124.43 |
| Feb 6, 2026 | Ashish Bhutani | director | +10,000 | $126.61 |
| Feb 4, 2026 | Aghili Naseem Sagati | officer: General Counsel | −3,921 | $134.92 |
| Jan 22, 2026 | Aghili Naseem Sagati | officer: General Counsel | −1,849 | $161.84 |
| Dec 1, 2025 | Michael J. Arougheti | director, officer: Co-Founder and CEO | −56,257 | $157.26 |
- Apollo Global Management
Closest structural peer: credit-first DNA, parallel insurance platform Athene.
- Blackstone
Largest global alt manager with $1.27T AUM competing across every Ares segment.
- KKR
$744B AUM global alt manager; Global Atlantic insurance parallels Ares Aspida.
- Brookfield Asset Management
Real-assets-dominant $1T+ AUM manager; infrastructure and logistics overlap.
- The Carlyle Group
PE-heritage $477B AUM manager; credit and AlpInvest secondaries contest Ares.
- Blue Owl Capital
Direct lending specialist $307B AUM; deepest overlap in Ares credit segment.
- TPG
$303B AUM alt manager; Angelo Gordon credit acquisition deepened Ares overlap.
- Hamilton Lane
Secondaries and advisory specialist; competes with Ares Landmark Partners.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ares Management | $121.28 | −2.76% | $40.96B | 51.8 | 18.7 | 6.4 | +5.8% |
| Apollo Global Management | $123.59 | −0.45% | $71.51B | 27.8 | 12.6 | 2.0 | +63.7% |
| Blackstone | $118.90 | −4.12% | $149.80B | 27.6 | 18.5 | 9.3 | +2.4% |
| KKR | $96.52 | −1.95% | $88.39B | 31.0 | 13.7 | 4.2 | −44.8% |
| Brookfield Asset Management | $45.32 | −1.50% | $73.47B | 26.7 | 22.5 | 13.6 | +58.7% |
| The Carlyle Group | $40.19 | −0.10% | $14.48B | 41.8 | 9.8 | 3.7 | −29.3% |
| Blue Owl Capital | $9.58 | −3.04% | $15.44B | 83.2 | 10.3 | 5.2 | +7.1% |
| TPG | $45.00 | −1.36% | $17.49B | 52.4 | 14.1 | 3.7 | −31.8% |
| Hamilton Lane | $85.45 | −2.45% | $4.86B | 13.4 | 12.3 | 5.7 | +56.5% |
| Median | 29.4 | 13.2 | 4.7 | +4.8% |