Ares Management Corporation

Earlier this year, we opened the doors to our new home in Los Angeles at 1800 Avenue of the Stars. Take a stroll through our offices below—the future looks bright! 🌞

We are thrilled to celebrate Ares’ 12th consecutive summer of volunteerism and our 2024 Summer of Service, a hallmark initiative by Ares in Motion that delivers skills- and service-based volunteer opportunities to the communities where we operate. We are pleased to share that over 1/3 of the firm and 28 of Ares’ offices joined in this summer’s volunteer efforts, donating roughly 2.7K hours of service to 45 nonprofit partners globally. Included in our efforts were STEM workshops and entrepreneurial pitch competitions for students, mock-interview sessions for job seekers, local community beautification and tree plantation efforts and grocery donations to food-insecure individuals. We continue to find that employees are inspired when making a difference where they live, work and play and we are proud to continue building on our philanthropic commitments.

Our ESG work with portfolio company Elevate Outdoor Collective, as highlighted in our 2023 Sustainability Report, focuses on supporting the company’s efforts to reduce greenhouse gas emissions within their factories, engage diverse employees and reduce traditional waste disposal. Read more in the report to see how Ares is helping to create value and position Elevate for continued strong corporate outcomes in the future: https://lnkd.in/eiprGstB

“It aligns with where we want to build out geographically and the sectors we believe have strong long-term tailwinds, and it gives us vertical integration in more sectors and geographies to be able to execute better.” Julie Solomon, Co-Head of Ares Real Estate, on the acquisition of GCP International. More below from PERE on the transaction, which it calls “one of the sector’s most consequential M&A deals in recent memory.” 

Today Ares announced that it will acquire GCP International—the international business of GLP Capital Partners, excluding its Greater China operations—in a transaction that establishes Ares Real Estate as one of the largest global vertically integrated platforms across North America, Europe, Asia and Latin America, expanding our industrial breadth and leadership into Japan, Europe, and other markets. GCP International also adds complementary investment, development and operating capabilities in new economy sectors and regions in industrial real estate and digital infrastructure, providing Ares with an entry into the attractive and growing data center sector. Read more about the transaction, valued at $3.7B, here: https://lnkd.in/e_wCuYZe #realestate #industrial

We are proud to share that Matthew Eid-Holm, Principal in Ares Infrastructure Opportunities, has been featured on Business Insider’s list of Wall Street’s Rising Stars of 2024, an annual ranking of executives shaping the future of finance. Read Matthew’s full interview for more on his experience with digital assets, including the development of modern data centers, and how his role has grown and scaled through the proliferation of computing power, storage demand and commercialized artificial intelligence: https://lnkd.in/ebQuYnFH

At CFA Society Toronto’s 67th Annual Investment Dinner, Ares’ Co-Head of European Credit Blair Jacobson moderated a discussion with Hank Paulson, Secretary of the U.S. Department of the Treasury from 2006-2009. More on their dynamic conversation below.

Last week, Ares’ European Direct Lending team hosted an event in Paris alongside Cambon Partners and over 50 entrepreneurs, private equity investors and financial advisors to discuss investment trends spanning the French independent wealth management industry. The event included panel discussions touching on the strategic value of private debt, the impact of the regulatory environment on the financial advisory business model and more. This was the latest in the team’s series of sector-focused initiatives and helped showcase Ares’ leadership in the region. Thank you to all who joined us!

Ares’ U.S. Liquid Credit team recently published a piece on assessing and managing risk in multi-asset credit portfolios, pointing to the value of understanding two primary types of risk: price fluctuations and default risk. The team outlines their approach to managing global multi-asset credit below. 

The countdown to end of year starts now, and the question remains: are we headed for a soft landing? Authors from across Ares’ global platform weighed in on the regional trends and indicators they’re observing as we head into Q4. Read the Ares Q3 Global Credit Monitor here: https://lnkd.in/gx3PVAsK