Ares Management's second quarter AUM grew 17% to $671.3B, beating estimates on record fundraising of $36.4B.

Ares Management reported second quarter after-tax realized income of $1.29 per share, in line with estimates. Total Assets Under Management (AUM) grew 17% year-over-year to $671.3 billion, surpassing expectations, while Fee Related Earnings (FRE) increased 20% to $491.1 million.

Key Highlights

• Reported record quarterly fundraising of $36.4 billion, driven by significant inflows into its Alternative Credit, U.S. Direct Lending, and Real Estate strategies.
• Total Assets Under Management grew 17% year-over-year to $671.3 billion, while available capital, or 'dry powder,' reached a record $170 billion.
• Fee Related Earnings (FRE) grew 20% year-over-year to $491.1 million, and Realized Income increased 31% to $521.5 million, reflecting strong platform growth.