Ares Management reports Q4 realized EPS $1.21, consensus $1.07

"In 2022, strong growth in nearly all of our key financial metrics, including year over year growth of 32% in management fees, 40% in fee related earnings and 30% in after-tax realized income per class A share, demonstrated our resilient business model and our ability to navigate market volatility," said CEO Michael Arougheti. "We also raised $57B in new capital as we continued to perform for our investors and expand the breadth of our platform. Looking forward to 2023, we are embarking on a significant fundraising cycle with seven of our top ten largest institutional commingled fund families in the market this year and we are seeing strong initial interest from investors as we seek to continue to generate attractive returns". "Throughout a slower market environment in 2022, our deployment of approximately $80B remained remarkably consistent with the prior year as we scaled our flexible investment strategies and took advantage of the expansion of our addressable markets," said CFO Jarrod Phillips. "With $85B of available capital to invest and a robust fundraising pipeline, we believe we are well positioned to invest in this compelling market environment."