Reports Q3 After-tax realized income $425.8M. “We reported an outstanding Q3, highlighted by strong financial results, quality fund performance, improving credit quality, a record quarter of fundraising and increased investment activity across the platform,” said Michael Arougheti, CEOof Ares. “We now expect to meaningfully exceed our previous annual fundraising record of $93B this year, driven by the growing breadth of investor demand across our various investment strategies and distribution channels.” “Our strong fundraising and investing activities supported a 28% year-over-year increase in AUM, FPAUM and management fees in the third quarter,” said Jarrod Phillips, CFO of Ares. “Based upon an improving tone in our markets and a healthy investment pipeline, we are well positioned to generate future earnings growth as we deploy our significant available capital, which stood at $150B at the end of the Q3.”
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