Ares’ War Chest Swells to Record $133 Billion on Fundraising
- Asset manager raised $92.7 billion in new capital in 2024
- All credit strategies reported double-digit returns last year
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Demand for credit investments drove Ares Management Corp.’s fundraising to a record in 2024, boosting the firm’s war chest to $133 billion — its biggest ever.
Ares raised $92.7 billion in new capital last year, a 25% increase from the prior year, according to a statement announcing quarterly and full-year earnings on Wednesday. Managed assets jumped 16%, with commitments to direct lending and opportunistic credit funds charging the growth.