Ares Management Corporation Overview
Pro stress-test →Ares Management is a global alternative investment manager that generates cycle-tested performance for investors since its inception in 1997, offering clients primary and secondary investment solutions across credit, real estate, private equity and infrastructure asset classes. As of December 2025, Ares ended with $384.9 billion in fee-earning assets, up 31.6% year-over-year, with base management fee revenue increasing 27.3% to $994 million in the quarter.
Strategic Profile
Pro stress-test →CEO Michael Arougheti is executing a diversified growth strategy with nearly $150 billion in dry powder, record deployment of $41 billion in Q3, and a wealth management business growing at 70% year-over-year. Wealth management is accelerating with the semi-liquid funds business pulling in $5.4 billion in Q3 and management raising its 2028 wealth AUM target from $100 billion to $125 billion.
Competitive Landscape
Pro stress-test →Private-asset managers including Ares, Apollo, Blue Owl and Blackstone operate in the same competitive space. Ares differentiates through scale in direct lending and infrastructure, competing with peers on capital raising speed and asset class diversification. The firm's $384.9 billion in fee-earning AUM positions it among the largest alternative asset managers globally.
Industry Context
Ares Management Corporation operates in Alternative Asset Management.
Key facts
Founded: 1997 · Headquarters: Los Angeles, US · Revenue: $5.4B · Market cap: $44.9B