Ares Management Corp - Ordinary Shares - Class A

Strong Financial Performance: Ares Management reported significant year-over-year growth in key financial metrics for Q1 2025, including management fees up by 18%, fee-related earnings (FRE) up by 22%, and after-tax realized income per share for Class A common stock up by 36%. This growth is attributed primarily to organic factors, which strengthens the company's overall financial health.

Record Fundraising Activities: The firm raised over $20 billion in gross new capital commitments during the quarter, marking the highest level of first-quarter fundraising on record. This broad contribution spans across various strategies, reflecting investor confidence and robust demand for Ares's offerings. Fundraising continues to diversify, demonstrating resilience even amidst market uncertainties.

Challenges from Market Volatility: The company acknowledged increased market volatility and uncertainty, particularly following geopolitical events and tariff announcements. This backdrop could lead to potential slowdowns in merger and acquisition (M&A) activities and economic growth. However, Ares remains optimistic about its ability to navigate this uncertainty due to a well-positioned portfolio and a high dry powder level.