Accessibility StatementSkip Navigation NEW YORK, Oct. 22, 2025 /PRNewswire/ -- GreenBarn Investment Group ("GreenBarn") and Sabal Investment Holdings ("Sabal") today announced their partnership in the refinancing of 817 Broadway, a premier office property in the Greenwich Village sub-market of Manhattan, through the origination of a $37.5 million mezzanine loan, alongside a new $91 million senior mortgage from Ares Real Estate funds ("Ares"). Owned and developed by Taconic Partners ("Taconic"), 817 Broadway ...

智通财经APP获悉，高收益另类资产管理巨头今年股价集体受压，导火索来自一连串高调破产案引发的 坏账担忧。不过高盛认为，这反而可能为阿波罗全球管理(APO.US)、Ares Management(ARES.US)及 Blue Owl Capital(OBDC.US)带来"逢低布局"机会。 在坏账可控、赎回受限、费基稳定、估值回调的组合下，高盛判断当前回撤或对长期配置者构成机遇， 而非终局信号。 即便违约最终受控，资管公司股价仍可能受资金赎回压力拖累(资产基数缩减将削弱费收入基础)。对 此，高盛指出，机构型私募信贷基金多设有长期锁定期；零售基金也通常将季度赎回限制在资产的5% 以内。历史经验显示，即使市场回报波动或信用利差走阔，私募信贷管理费仍呈持续增长轨迹，仅增速 趋缓。 高盛认为，私募信贷概念过去三年过于成功，已透支预期。在特朗普政府拟将私募资产纳入401(k)部 署、市场不断讲述"银行缩表，私募接管信用创造"的叙事下，相关资产管理公司股价此前被大幅推高。 尽管2025年承压，三家公司过去三年累计仍大幅跑赢标普500。 估值也反映此现实，Ares远期市盈率仍逾24倍(3年前为17倍)，阿波罗全球管理升至14倍 ...

NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) ("Ares†), a leading global alternative investment manager, announced today that it has appointed Bill Benjamin, current Co-Head of Ares Real Estate, to the newly created position of Vice Chairman of Ares, effective January 1, 2026. The Ares Real Estate team will continue to be led by Julie Solomon as the global Head of Real Estate. In his role as Vice Chairman, Mr. Benjamin will report to Kipp deVeer and Blair Jacobson, Co-Pres. ...

Core Viewpoint - The bankruptcy of First Brands has triggered a significant decline in the stock prices of major private equity (PE) firms, despite the overall stability of the U.S. stock market, indicating a deep-rooted concern about the financial health of the private credit market and its potential systemic risks [2][3][19]. Group 1: Impact of First Brands Bankruptcy - First Brands filed for bankruptcy on September 28, with liabilities estimated between $10 billion and $50 billion and assets between $1 billion and $10 billion [18]. - The bankruptcy has affected numerous lenders, including traditional financial institutions and private credit funds, leading to concerns about broader implications for the financial system [18][19]. - The incident has raised fears that First Brands' collapse could be the first in a series of failures, potentially leading to a wider financial crisis, reminiscent of the subprime mortgage crisis [18][19]. Group 2: First Brands Company Overview - First Brands was a rapidly expanding automotive parts manufacturer, focusing on the aftermarket with a wide range of products [4][8]. - The company was founded in 2013 and grew through aggressive acquisitions, becoming a major player in the automotive aftermarket by 2024, with net sales reaching $5 billion [8][10]. - The company employed a "paired acquisition" strategy, acquiring brands with strong market presence and those with local manufacturing capabilities to enhance production efficiency [7][10]. Group 3: Financial Practices and Risks - First Brands' expansion was heavily financed through unconventional means, including private credit and complex off-balance-sheet financing, leading to a significant accumulation of hidden debt [11][12]. - The lack of regulatory oversight allowed First Brands to avoid disclosing the full extent of its off-balance-sheet liabilities, creating a misleading picture of its financial health [11][12]. - The company's financial troubles became apparent when it attempted to refinance $6.2 billion in debt, leading to a collapse in bond prices and a downgrade to junk status by rating agencies [12][13]. Group 4: Broader Industry Implications - The rapid growth of the private credit market, which has expanded tenfold over the past decade, has created a new "shadow banking" system, raising concerns about the quality of assets held by investors [19]. - Major PE firms, despite not being directly linked to First Brands, have seen their stock prices decline due to fears surrounding their own private credit operations, which have become crucial revenue sources [19].

Mayer Brown LLP served as legal counsel to LenderMAC. Winston & Strawn served as legal counsel to Ares. About LenderMAC Bridgeway Lending Partners LLC d/b/a LenderMAC is a privately held mortgage company headquartered in Cypress, California. We are a full-service mortgage bank specializing in a diversified portfolio of mortgage products and services, strategically designed to address evolving market demands. LenderMAC is committed to driving growth and value through innovative lending solutions that empowe ...

Core Viewpoint - The recent turmoil in the credit market has ignited a debate between banks and private credit firms regarding their resilience in the face of potential downturns, highlighted by JPMorgan's losses and responses from private credit executives [1][2][3]. Group 1: Bank and Private Credit Dynamics - JPMorgan Chase's CEO Jamie Dimon pointed to the bank's losses from Tricolor Holdings as indicative of broader issues in the credit market, suggesting that problems are not isolated [1][7]. - Blue Owl Capital's Marc Lipschultz countered that the issues stem from loans led by banks, urging Dimon to examine his own institution's practices [2][3]. - The conflict reflects the shifting landscape in financing, where banks must adapt to the growing presence of private credit firms, which have begun to encroach on traditional banking roles [3][4]. Group 2: Market Conditions and Risks - The current environment is described as fraught with risks, with experts noting that both banks and private credit firms are facing challenges [4][5]. - Dimon expressed concerns about the underwriting standards of some nonbank lenders, suggesting that a downturn could lead to increased credit losses [6][7]. - The private credit industry is experiencing scrutiny as it navigates a period of potential higher defaults, with significant implications for its growth trajectory [10][12]. Group 3: Performance Indicators - Private credit firms, including Blue Owl, are seeing their shares decline, with Blue Owl's stock down 27% this year, indicating market skepticism about their stability [13][14]. - The rise in payment-in-kind (PIK) investments within Blue Owl's portfolio, which defers cash interest payments, signals stress in the sector [14]. - Executives from private credit firms argue that their business models require more rigorous diligence compared to traditional banks, which may mitigate some risks [11][12].

Core Insights - Ares Management (ARES) shares increased by 4.1% to $149.58, following a significant volume of trading, contrasting with a 20.2% loss over the past four weeks [1] - The stock's rise is attributed to strategic acquisitions and analyst upgrades, including an upgrade to Outperform by Oppenheimer, highlighting the stock's attractive valuation [2] - Ares Management announced the acquisition of a stake in a diversified U.S. renewable energy portfolio from EDP Renovaveis, driven by demand in sectors like data centers and AI [2] Financial Performance Expectations - Ares Management is projected to report quarterly earnings of $1.14 per share, reflecting a year-over-year increase of 20%, with revenues expected to reach $1.1 billion, a 37.3% increase from the previous year [3] - However, the consensus EPS estimate has been revised 1.1% lower over the last 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [4] Industry Context - Ares Management holds a Zacks Rank of 3 (Hold), while Invesco (IVZ), another company in the same financial investment management industry, has a Zacks Rank of 2 (Buy) and has seen a 0.7% increase in its stock price [5][6]

Ares has been relatively unchanged since my last analysis , posting a total return of 4.39% while the S&P500 has appreciated a massive 26.88% during that time span. Ares has seen a relatively big decline in its stock price since early September, with aAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil ...

Core Insights - Ares Management Corporation has successfully raised approximately $5.3 billion for its Infrastructure Secondaries strategy, which includes the final closing of its dedicated fund, Ares Secondaries Infrastructure Solutions III [1] - The fund exceeded its initial hard cap of $2 billion, indicating strong investor interest and confidence in the strategy [1] Fund Details - The capital raised includes General Partner commitments and affiliated vehicles, showcasing a broad base of support for the fund [1] - The successful closing of ASIS III reflects Ares Management's position as a leading global alternative investment manager in the infrastructure sector [1]

Core Insights - The influx of capital into AI infrastructure is increasing the risk of overcapacity as major investors seek to benefit from the AI boom [1][2] Group 1: Investment Trends - Ares Management Corp. and other alternative asset management firms are heavily investing in data center projects to capitalize on the rising demand for processing power driven by AI [2] - Ares has set aggressive fundraising targets, aiming for over $8 billion for data centers and increasing its wealth business target to $125 billion by 2028 [3] - The firm raised $2.4 billion in the first half of the year for data centers and acquired GLP Capital Partners Ltd.'s operations for up to $5.2 billion, significantly expanding its real estate assets [4] Group 2: Strategic Focus - Ares focuses on pre-leased developments with long-term leases (15 years or more) and rent escalators to mitigate long-term risks [6] - The company is also looking to raise $70 billion for alternative credit by 2028 and anticipates the secondary market for private funds to more than double in the next five years [7] Group 3: Market Opportunities - Ares is supportive of integrating its products into retirement plans that include alternative assets, following an executive order aimed at easing such investments [8]