Ares Fundraising Defies Private Credit Jitters

Ares, a leading global alternative investment manager, reported Q1 fundraising of around $30bn, a positive indication of investor appetite for private credit (a multi-trillion dollar sector).  

Ares' AuM is $644bn. It seeks to surpass $750bn by 2028. 

In February, Ares acquired systematic fixed-income manager BlueCove, creating a $5.5bn asset boost to the business.

Ares only earns fees on deployed capital - if capital is uninvested no fees are earned. $32bn of capital was deployed in Q1 increasing fee income. Fee income is up 26% from a year ago.