Ares Management reports Q4 EPS 86c, consensus $1.09

Reports Q4 revenue $, consensus $864.54M. “In 2023, we generated significant year-over-year growth in many of our key financial metrics, continued our fundraising momentum, and accelerated our investment activity, resulting in a strong quarter to end the year,” said Michael Arougheti, CEO. “We raised $21B in Q4and more than $74B for the year, our second highest level ever, as we continue to expand our investment platform and generate compelling investment performance.” “We ended the year with a record level of available capital of $111B , positioning us to invest opportunistically and drive continued strong growth in our key financial metrics,” said CFO Jarrod Phillips. “We are experiencing growing contributions from the more recent investments we have made to expand our investment platform, and we are excited about their future growth in the coming years.”