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Ares Management LPARES

Why is Ares Management LP (ARES) moving?

Q3 2026
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Ares hits record fundraising but faces credit and redemption risks

  • Record Q2 fundraising and AUM growth Ares raised a record $36B in Q2, pushing assets under management up 17% to $671B. Fee-related earnings rose 20%, helped by $170B of dry powder ready to invest.

    This shows the core growth engine that drove positive sentiment and price support.

  • New fund and private credit deals expand footprint Ares raised $4.2B for its first Global Structured Solutions Fund, far above target, and closed major private credit deals like Phoenix Tower and Plenitude, broadening its investment reach.

    These new initiatives signal future fee income and strategic expansion.

  • Retail redemptions and high default rates pressure outlook Retail investors are pulling money from the $23B Strategic Income Fund, keeping withdrawals above its 5% quarterly cap. A record 6.0% US private-credit default rate raises credit-quality concerns.

    These are the main headwinds that could hurt fee income and investor confidence.

  • Redemption pressure eases slightly but retail access expands Redemption pressure eased slightly from 14.4% to 13.1%, but expanded retail access via Revolut adds new redemption exposure, keeping the risk of sudden outflows alive.

    This captures the nuanced balance between improving outflows and new sources of potential volatility.

September 2026
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Ares Expands Private Credit and Infrastructure with Big Deals and Fundraise

  • Redemption pressure eases Ares Strategic Income Fund's withdrawal requests fell to 13.1% from 14.4%, signaling stabilizing private credit redemptions. This reduces forced selling and supports fee income, a positive for ARES stock.

    Shows improving capital stability, directly impacting ARES's private credit business.

  • AUM target and growth Ares targets over $750B AUM by 2028, with 17% YoY growth and $34.4B net inflows. This ambitious plan signals confidence and future fee growth, likely lifting investor sentiment and ARES's valuation.

    Provides forward-looking growth target that drives long-term earnings expectations.

  • Major private credit deals Ares provided $2B of a $6.5B financing for Phoenix Tower and upsized Plenitude investment by over €1B. These large deals expand Ares's private credit footprint and demonstrate deal-sourcing strength, boosting revenue and reputation.

    Highlights significant capital deployment that directly increases fee-paying AUM and earnings.

  • Successful fundraise Ares raised $4.2B for its inaugural Global Structured Solutions Fund, far above its $1B target. This adds fee-paying AUM and validates Ares's ability to attract capital, supporting future management fees.

    Demonstrates strong fundraising capability, a key driver of ARES's revenue growth.

Latest
▲4

Ares Expands Private Credit and Infrastructure with Big Deals and Fundraise

  • Redemption pressure eases Ares Strategic Income Fund's withdrawal requests fell to 13.1% from 14.4%, signaling stabilizing private credit redemptions. This reduces forced selling and supports fee income, a positive for ARES stock.

    Shows improving capital stability, directly impacting ARES's private credit business.

  • AUM target and growth Ares targets over $750B AUM by 2028, with 17% YoY growth and $34.4B net inflows. This ambitious plan signals confidence and future fee growth, likely lifting investor sentiment and ARES's valuation.

    Provides forward-looking growth target that drives long-term earnings expectations.

  • Major private credit deals Ares provided $2B of a $6.5B financing for Phoenix Tower and upsized Plenitude investment by over €1B. These large deals expand Ares's private credit footprint and demonstrate deal-sourcing strength, boosting revenue and reputation.

    Highlights significant capital deployment that directly increases fee-paying AUM and earnings.

  • Successful fundraise Ares raised $4.2B for its inaugural Global Structured Solutions Fund, far above its $1B target. This adds fee-paying AUM and validates Ares's ability to attract capital, supporting future management fees.

    Demonstrates strong fundraising capability, a key driver of ARES's revenue growth.

July 2026
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Ares hits record fundraising, but retail credit redemptions and defaults weigh

  • Retail private credit funds cap withdrawals again Ares again limited withdrawals from its $23 billion Strategic Income Fund after redemption requests topped 14%, above the 5% quarterly cap. This shows retail investors pulling money out, which pressures Ares's fee income and signals stress in its fastest-growing retail channel.

    Directly explains a key force pushing ARES down: retail redemption pressure forcing withdrawal caps.

  • Record $36B fundraising and 17% AUM growth Ares raised a record $36 billion in Q2, with assets under management up 17% to $671 billion and fee-related earnings up 20%. Strong institutional demand and $170 billion of dry powder support future fee growth, a clear positive for the stock.

    Shows the core earnings engine still growing strongly, the main positive force for ARES.

  • Record 6% private credit default rate clouds resilient earnings Fitch reported a record 6.0% US private-credit default rate, even as Ares and Blue Owl posted solid results. Rising defaults raise concerns about credit quality and future fund performance, a real counterweight to Ares's strong fundraising and earnings.

    Provides the key counterweight: credit deterioration that could offset Ares's growth story.

  • Revolut opens private market funds to retail investors Revolut now offers Ares private credit and equity funds to eligible European customers via ELTIF 2.0. This widens Ares's retail reach and could boost long-term fundraising, though it also adds exposure to retail redemption risk.

    New distribution channel expands demand for Ares funds, a positive growth driver.

▲2▼1

Ares hits record fundraising, but retail credit redemptions and defaults weigh

  • Retail private credit funds cap withdrawals again Ares again limited withdrawals from its $23 billion Strategic Income Fund after redemption requests topped 14%, above the 5% quarterly cap. This shows retail investors pulling money out, which pressures Ares's fee income and signals stress in its fastest-growing retail channel.

    Directly explains a key force pushing ARES down: retail redemption pressure forcing withdrawal caps.

  • Record $36B fundraising and 17% AUM growth Ares raised a record $36 billion in Q2, with assets under management up 17% to $671 billion and fee-related earnings up 20%. Strong institutional demand and $170 billion of dry powder support future fee growth, a clear positive for the stock.

    Shows the core earnings engine still growing strongly, the main positive force for ARES.

  • Record 6% private credit default rate clouds resilient earnings Fitch reported a record 6.0% US private-credit default rate, even as Ares and Blue Owl posted solid results. Rising defaults raise concerns about credit quality and future fund performance, a real counterweight to Ares's strong fundraising and earnings.

    Provides the key counterweight: credit deterioration that could offset Ares's growth story.

  • Revolut opens private market funds to retail investors Revolut now offers Ares private credit and equity funds to eligible European customers via ELTIF 2.0. This widens Ares's retail reach and could boost long-term fundraising, though it also adds exposure to retail redemption risk.

    New distribution channel expands demand for Ares funds, a positive growth driver.

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