Ares Management reports Q1 realized EPS 80c, consensus 92c

“During the first quarter, we continued to see strong year-over-year growth across our key financial metrics, including 19% growth in our assets under management, robust fundraising of more than $17 billion, higher deployment and attractive investment performance,” said CEO Michael Arougheti. “Our portfolios continue to perform well and we are finding compelling investment opportunities across many segments of our expanding global platform.” “With a record amount of available capital at nearly $115B along with 28% growth in our AUM not yet paying fees, we believe we have significant capacity for growth when there is a return to higher levels of transaction activity,” said CFO Jarrod Phillips.