Core Points - Ares Management Corporation will report its earnings for the third quarter ending September 30, 2025 on November 3, 2025 [1] - The earnings report will be released prior to the opening of the New York Stock Exchange [1] - A webcast/conference call is scheduled for the same day at 9:00 a.m. [1]

Core Insights - Ares Management Corporation (NYSE:ARES) is recognized as one of the best long-term investment stocks, demonstrating consistent revenue and dividend growth [1] Group 1: Investment Ratings and Price Targets - TD Cowen has reaffirmed its Buy rating on Ares Management Corporation with a price target of $205 following a detailed sell-side teach-in [2] - The company has increased its projections for assets under management and fee-related earnings, indicating strong growth potential [3] Group 2: Financial Performance - Ares Management reported second-quarter 2025 sales of $1.35 billion, which is approximately 30% higher than expectations, although its earnings per share (EPS) of $1.03 were only slightly above the predicted $1.09, reflecting mixed short-term financial results [4] Group 3: Market Position and Growth Areas - Ares is positioned to capture significant market share in large addressable markets estimated to be worth $200 trillion, where it currently holds less than 0.5% [3] - The company focuses on direct lending and private equity investments, with operations spanning the US, Europe, and Asia [4]

Core Insights - EP Wealth Advisors has signed an agreement with Ares Management for a significant minority stake acquisition, enhancing its growth strategy with nearly $40 billion in assets under management [1][2] - The deal is expected to close next month, with management retaining control over the company and its board, while co-founders will maintain meaningful ownership [2] - EP recently issued a $400 million seven-year term loan and a $100 million five-year revolving credit facility, receiving credit ratings from S&P Global Ratings and Moody's, indicating its strong market position [3][5] Company Strategy - The partnership with Ares is seen as a strategic move to bring in a second minority investor alongside Berkshire Partners, aimed at accelerating growth in a sustainable manner [4][6] - A portion of the capital from the deal will be used for liquidity in secondary markets, including repurchasing shares from retiring employees and providing liquidity to long-term shareholders [7]

Core Viewpoint - Ares Management has acquired 100% equity interest in Meade Pipeline for approximately $1.1 billion [1] Company Summary - Ares Management is expanding its portfolio through the acquisition of Meade Pipeline, indicating a strategic move to enhance its investment capabilities in the energy sector [1] Financial Summary - The acquisition was valued at about $1.1 billion, reflecting Ares Management's commitment to investing in infrastructure assets [1]

Core Insights - Ares Management Corporation has acquired 100% equity interests in Meade Pipeline Co LLC for approximately $1.1 billion, enhancing its energy infrastructure portfolio [1][2][3] Group 1: Acquisition Details - The acquisition involves Meade Pipeline, which owns about 40% of the Central Penn Line, a 180-mile pipeline regulated by FERC that transports natural gas from the Marcellus and Utica Shale regions to various demand centers [2][3] - The Central Penn Line has a gross capacity of approximately 2.3 billion cubic feet per day (bcf/day) and began operations in 2018, with an expansion completed in 2022 [2] Group 2: Strategic Rationale - Ares Infrastructure Opportunities aims to invest in critical infrastructure that provides access to reliable and cost-competitive energy, with this acquisition diversifying its energy asset portfolio [3] - The investment is driven by increasing demand for power due to factors such as electrification, industrial activity, and rising LNG exports [4] Group 3: Financial Advisory - Morgan Stanley & Co. LLC and Wells Fargo acted as financial advisors to Ares in this transaction, while J.P. Morgan served as the financial advisor to XPLR Infrastructure [4]

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Group 1 - Ares Management Corporation has appointed Anup Agarwal as Partner and Chief Investment Officer of Ares Insurance Solutions, where he will also lead the business [1] - Agarwal will work alongside David Reilly, the newly appointed Chairman of AIS, and Rajesh Krishnan, who will focus on third-party insurance asset management initiatives [2] - Ares Insurance Solutions manages investment activities for Aspida Holdings Ltd., which holds over $23 billion in assets as of June 30, 2025 [2][3] Group 2 - Agarwal has over 25 years of experience in investment management, previously serving as Senior Investment Advisor at Global Atlantic Financial Group, where he managed a $200 billion insurance platform [4] - Kipp deVeer, Co-President of Ares, highlighted the growing opportunity to provide tailored solutions to insurers facing complex market challenges [5] - Agarwal expressed enthusiasm about joining Ares at a time of innovation in the insurance industry and looks forward to collaborating with colleagues to support clients [5]

Core Insights - Ares Management is planning a credit secondaries transaction valued at approximately €1.5 billion [1] Group 1: Company Overview - Ares Management is an alternative asset manager with direct lending activities in Europe [1] Group 2: Transaction Details - The planned transaction involves trading existing stakes in private credit funds [1]

Macro Environment - The macroeconomic outlook appears stable, with the company observing resilience in its portfolio despite concerns about a softening labor market [1] - The company has access to extensive data from its global real assets and credit book, which includes investments in over 3,000 middle-market companies and 500 million-plus square feet of industrial logistics real estate [1] Performance Indicators - High occupancy rates are reported in the real estate portfolio, with year-over-year EBITDA growth between 12% to 13% [2] - The company notes that nonaccruals remain well below historical averages, indicating strong credit quality [2] - There are increases in interest coverage, suggesting improved financial health within the credit portfolios [2]

Macro Environment - The macroeconomic backdrop is perceived as stable and resilient, despite concerns about a softening labor market [1] - The company has access to extensive data from its global real assets and credit portfolio, which includes investments in over 3,000 middle-market companies and 500 million-plus square feet of industrial logistics real estate [1] Performance Indicators - High occupancy rates are reported in the real estate portfolio, indicating strong demand [2] - Year-over-year EBITDA growth is observed at 12% to 13%, along with increases in interest coverage [2] - Nonaccruals in the credit portfolio remain well below historical averages, suggesting strong credit quality [2]