Ares Management Corporation

Earlier this year, Ares invested in The Snow League—snowboarding’s first professional league, founded by gold medalist Shaun White. Shaun recently sat down with Ares’ Co-Head of U.S. Direct Lending Kort Schnabel to discuss the trend of athletes-turned-investors. Hear Shaun’s take on the sports investing landscape below. #sportsinvesting

On Friday, November 1st, Ares Management Corporation will report financial results for the third quarter before the opening of the NYSE. The results will be followed by a webcast at 9:00 AM ET. Join Ares’ earnings webcast live or access an archived replay of the call here: https://ir.aresmgmt.com/ #earnings

James Kim, Ares' Head of European Opportunistic Credit, joined Latham & Watkins' Yen Sum and Paul (Thing-Jun) Yin for a special event celebrating the careers and stories of East Asian professionals in the private credit industry. The event was coordinated by Ares’ employee resource group Elevating Asian & Pacific Islander Voices (EAV). Thanks to all who joined us for this special evening!

Last month, we celebrated the opening of our new LA office with delicious bites and a gathering of colleagues! 

How will rate cuts impact M&A volume? In Ares’ Q3 Global Credit Monitor, we looked at how decreasing base rates could open up increased financial flexibility for companies as we head into 2025 and beyond—a trend that would likely result in higher equity returns. Read the full piece here: https://lnkd.in/gx3PVAsK

As part of Ares’ global engagement with its portfolio companies, our Asia-based ESG team recently met with Hotmaxx, a discount retail chain based in Shanghai. Hotmaxx’s business model focuses on helping other companies sell near-expired or slow-moving products—diverting waste from landfills—and Hotmaxx has been working towards B-corp certification, a designation that recognizes high standards of verified performance, accountability, and transparency across a range of factors. Photos from the team’s meeting with management and store visits are below! #ESG 

This morning, Ares Alternative Credit and Cal Automotive (CAL) announced that they have entered a joint venture to purchase and invest up to $1.5 billion in prime new vehicle leases originated by CAL. The joint venture will seek to capitalize on CAL’s strong position as a leading independent consumer auto lessor and serve as a complementary strategy alongside the company’s current bank partnerships. More in the release: https://lnkd.in/g8r7bfmB

Hundreds of attendees at last week’s Forbes/SHOOK Research Top Advisor Summit heard from Ares CEO Michael Arougheti and Global Head of Wealth Management Raj Dhanda on the emerging opportunities they’re seeing across the private markets as well as our comprehensive approach to providing core private markets exposure to individual investors globally. More below.

We are excited to announce a new Ares Charitable Foundation initiative that will support Latino entrepreneurs and economic development in the U.S. Over the next 18 months, Examining Latino Entrepreneurship for Value-Add to The Economy—ELEVATE—will explore the challenges that Latino entrepreneurs face to help identify opportunities for investment and growth across sectors and industries. Read more about ELEVATE here: https://lnkd.in/eQmkc_hJ   ELEVATE is made possible through an Ares Foundation grant to The Brookings Institution. Watch a clip below from the ELEVATE launch event featuring Michael Arougheti, Ares CEO and Ares Foundation Board Chair, Robert Puentes, Brookings VP and Director of Brookings Metro, and Andre M. Perry, Senior Fellow and Director of the Brookings Center for Community Uplift, and view the full recording here: https://lnkd.in/e8-Swri5

Our latest white paper, The Evolution of Fund Finance, provides a snapshot—through a collection of charts and graphs—of how and why we believe fund finance has become an increasingly relevant tool for both GPs and LPs alongside growth in the private capital market. Read more from Ares Alternative Credit on the estimated $1.2T (and growing) market of fund finance: https://lnkd.in/esdfsKig #fundfinance