Ares Management reports Q2 realized EPS 99c, consensus 98c

“We generated impressive results in the second quarter, including our highest level of gross fundraising and our second highest level of deployment in our firm’s history,” said Michael Arougheti, CEO. “During the quarter, we raised $26 billion in capital as a growing number of institutional and high net worth investors are finding value in our broad offering of private market investment solutions”. “In Q2, we experienced continued strength in the fundamental performance of our portfolios and double-digit growth across many of our key financial metrics as our investment activity accelerated,” said CFO Jarrod Phillips. “With a record amount of available capital at more than $120B, we believe that we are well positioned to capitalize on the improving transaction environment and generate additional earnings growth.”