Ares Management Q3 2024: Fundraising Momentum and Deployment Activity

Ares Management Corporation (NYSE: ARES) reported strong third-quarter 2024 results, showcasing robust fundraising momentum and deployment activity. The alternative investment manager raised over $64 billion year-to-date, with expectations for 2024 gross commitments in the mid-$80 billion range. This impressive performance highlights Ares' ability to attract capital despite market volatility and demonstrates the company's growth potential.

Ares' deployment activities also remained resilient, with nearly $30 billion invested in the quarter. This significant investment indicates a strong pipeline and high demand for the company's alternative strategies. The company's fee-related earnings reached $339.3 million, a 22% year-over-year increase, reflecting the success of its diverse investment strategies.

Ares Management's after-tax realized income totaled $316.0 million, up 20% from the previous quarter. This growth was driven by a record deployment and a strong fundraising year. The company's ability to maintain robust deployment while increasing dividends signals operational strength and positive future growth prospects.

Ares Management's assets under management (AUM) not yet paying fees reached over $85 billion in Q3 2024, indicating significant future revenue potential. As these assets begin to generate fees, they will contribute to Ares' top-line growth, driving earnings and dividend increases. This trend suggests a positive outlook for Ares' future growth prospects, as the company continues to expand its asset base and deploy capital across various investment strategies.


In conclusion, Ares Management's strong Q3 2024 results demonstrate the company's ability to generate substantial revenue through its alternative investment strategies. With a record fundraising year, robust deployment activity, and a large untapped AUM pool, Ares is well-positioned for continued growth and financial stability. Investors should consider Ares Management as a strong contender in the alternative investment space, given its proven track record and growth potential.