Ares Management Corporation Announces Record $12.3 Billion in New Commitments Closed in the Third Quarter
Ares Management Corporation (NYSE:ARES) Sets Record with $44.5 Billion Closed in the 12 Months Ended September 30, 2024
NEW YORK, NY / ACCESSWIRE / November 1, 2024
Ares Management Corporation, a leading global alternative investment firm, has announced that funds managed by its Credit Group (collectively “Ares”) closed approximately $12.3 billion in U.S. direct lending commitments across 86 transactions during the third quarter of 2024. This achievement brings the total direct lending commitments for the 12 months ended September 30, 2024, to a record $44.5 billion across 328 transactions.
The $44.5 billion of commitments over the 12-month period is a new milestone for Ares’ U.S. Direct Lending business, demonstrating the firm’s ability to provide extensive financing solutions to a wide range of companies and industries.
This significant accomplishment reflects Ares Management Corporation’s strong position in the global financial market and its commitment to delivering value for its investors. With a focus on high-quality investments and strategic partnerships, Ares continues to drive growth and success for its clients.
Impact on Individuals
As an individual investor, the record-breaking performance of Ares Management Corporation can have positive implications for your financial portfolio. By demonstrating robust growth and successful investment strategies, Ares offers opportunities for potential returns and diversification. Consider exploring options to capitalize on the firm’s achievements.
Impact on the World
On a broader scale, Ares Management Corporation’s record $44.5 billion in new commitments signifies a strong and resilient financial market. The firm’s ability to close significant transactions highlights confidence in economic stability and growth opportunities worldwide. This achievement contributes to the overall strength and sustainability of the global financial landscape.
Conclusion
In conclusion, Ares Management Corporation’s record-breaking $12.3 billion in new commitments closed in the third quarter, reaching a total of $44.5 billion in the 12 months ended September 30, 2024, showcases the firm’s exceptional performance and commitment to delivering value for its investors. With a focus on strategic partnerships and high-quality investments, Ares continues to drive growth and success in the global financial market, offering opportunities for individuals and contributing to the overall strength of the world economy.
