Ares(US:ARES)2024-02-08 20:51Financial Highlights - GAAP net income attributable to Ares Management Corporation was $174.0 million for the quarter and $474.3 million for the year ended December 31, 2023[1] - After-tax realized income was $400.4 million for the quarter and $1,185.7 million for the year ended December 31, 2023[2] - Fee related earnings were $368.7 million for the quarter and $1,163.7 million for the year ended December 31, 2023[2] - Ares declared a quarterly dividend of $0.93 per share of Class A and non-voting common stock[3] Assets Under Management (AUM) - Total AUM reached $418.8 billion, a 19% increase year-over-year[17, 24] - Total Fee Paying AUM (FPAUM) was $261.7 billion, up 13% from the previous year[17, 24] - Available capital ended at a record level of $111 billion[2] - The company raised $21 billion in the fourth quarter and more than $74 billion for the year[2] Capital Deployment - Capital deployment reached $24.0 billion in Q4 2023 and $68.1 billion for the full year[17] - $15.4 billion and $42.5 billion, respectively, was deployed by drawdown funds during these periods[17] Segment Performance (Credit Group) - Management and other fees increased by 19% for the quarter and 23% for the year[79, 80] - Fee related performance revenues increased by 183% for the quarter and 134% for the year[79, 80] - Realized Income increased by 34% for the quarter and 30% for the year[79, 80]