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Ares Management Raises Record $36 B in Q2 2026 Private‑Credit Fundraising
Ares Management reported a record $36 billion of new capital in the second quarter of 2026, cementing its position as a leading private‑credit manager. Inflows were led by the credit segment, which attracted $23.7 billion, while the real‑assets division raised $9.7 billion. The flagship asset‑based finance fund contributed $8.5 billion. Assets under management grew 17 % to $671.3 billion and fee‑related earnings rose 20 % to $491.1 million year‑over‑year. The firm deployed $35.9 billion of capital across U.S. and European direct‑lending, real‑estate and alternative‑credit strategies, and highlighted a $1.7 billion debt financing that supported KSL Capital Partners’ acquisition of private‑clubs operator Invited Clubs. CEO Michael Arougheti said client demand remains strong and the firm now holds $170 billion of “dry powder” for future investments. The fundraising surge reflects broad institutional appetite for private‑credit assets despite recent market volatility.
The strong quarter underscores Ares Management’s ability to attract long‑term capital from pension funds and other institutional investors, who have more than tripled the number of direct allocations to the firm since 2019.
Entities
Ares Capital · Ares Management · Asset‑based Finance Fund · B Riley Financial · B. Riley Financial · Invited Clubs · JPMorgan Chase & Co. · KSL Capital Partners · Kort Schnabel · Michael Arougheti · Royal Bank of Canada · Truist Financial
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [○ 1 SOURCE] Ares Capital paid a quarterly dividend of $0.48 per share, extending its dividend streak to 17 years.
- [○ 1 SOURCE] B Riley Financial lowered its price target for Ares Capital to $20.00. www.marketbeat.com
- [○ 1 SOURCE] Truist Financial lowered its price target for Ares Capital to $21.00. www.marketbeat.com
- [○ 1 SOURCE] Ares Capital reported second‑quarter core earnings of $0.47 per share.
- [○ 1 SOURCE] Ares Capital raised $1.2 billion of additional financing in the second quarter.
- [○ 1 SOURCE] Ares Capital holds about $6 billion in liquidity.
- [○ 1 SOURCE] Wells Fargo lowered its price target for Ares Capital to $19.00. www.marketbeat.com
- [○ 1 SOURCE] Royal Bank of Canada lowered its price target for Ares Capital to $21.00. www.marketbeat.com