Second Quarter 2014 Highlights Total Assets Under Management(1) increased 30.1% to 79.2 billion vs. Q2-13 Assets Under Total Fee Earning AUM increased 21.2% to 59.2 billion compared to Q2-13 Management 4.4 billion of new commitments…
Assets Under Management Q2-14 AUM of 79.2 billion is up 30.1% over the last twelve months o Growth included over 19.4 billion in new capital raised led by the Tradable Credit and Direct Lending Groups o The AREA Acquisition, which…
Incentive Generating AUM and Incentive Eligible AUM Q2-14 Incentive Generating AUM of 20.2 billion grew 3.3% over the last three months o Real Estate Incentive Generating AUM of 2.0 billion grew 28.5% driven by 3 funds crossing into…
Available Capital and AUM Not Yet Earning Fees Summary Available Capital grew 4.3% in the three months ended June 30, 2014 reaching a firm record of 19.0 billion o Growth was driven by a 6.4% and a 37.4% increase in Available Capital in…
Tradable Credit Group(1) Fee revenues rose 14.9% compared to Q2-13 driven by in thousands Q2-14 Q2-13 AUM ( in billions) incremental fees from new CLOs and alternative credit Management Fee 36,072 31,393 funds Revenue 3.1, 9% Fee…
Direct Lending Group(1) Fee revenues rose 15.2% compared to Q2-13 primarily in thousands Q2-14 Q2-13 AUM ( in billions) as a result of 4.7 billion in capital deployment over Management Fee 64,805 56,251 Revenue (2) the last twelve…
Private Equity Group(1) Fee revenues declined 2.1% compared to Q2-13 as in thousands Q2-14 Q2-13 AUM ( in billions) FEAUM declined modestly due to exit activity in older Management Fee 0.3, 0.1, 22,610 23,087 vintage funds Revenue…
Real Estate Group(1) Fee revenues rose 17.4 million compared to Q2-13, in thousands Q2-14 Q2-13 AUM ( in billions) of which 12.3 million was contributed by the Management Fee management contracts acquired in the AREA 19,916 2,489…
Balance Sheet Highlights Strong liquidity position with 87.4 million in cash & cash equivalents and 848.0 million in available capacity under our 1.0 billion credit facility Substantial balance sheet value related to investments in…
Corporate Data Board of Directors Management Committee Corporate Officers Research Coverage Corporate Counsel MICHAEL AROUGHETI MICHAEL AROUGHETI MICHAEL AROUGHETI AUTONOMOUS PROSKAUER ROSE LLP Co-Founder, President and Senior Partner…
Appendix 15
Balance Sheet Investments by Strategy in thousands June 30, 2014 December 31, 2013 Private Equity ACOF I 1,031 1,009 ACOF II 14,034 19,982 ACOF III 93,909 90,909 ACOF IV 9,434 8,326 ACOF Asia 118,381 96,630 236,789 216,856 Tradable…
Significant Fund Performance Metrics as of June 30, 2014 in millions Returns Year of Assets Under Since Fund Past 5 years Past 3 years Segment Investment Strategy Inception Management(1) Inception ECO I 2006 2,638 2.3 18.6 10.0…
Significant Fund Performance Metrics Endnotes (1) Assets under management equals the sum of the NAV for such fund, the drawn and undrawn debt (at the fund-level including amounts subject to restrictions) and uncalled committed capital.…
Pro Forma Units Q2-14 Q1-14 Adjusted Common Adjusted Common GAAP Units Pro Forma Units Units Units Ares Management, L.P. Common 80,667,664 80,667,664 80,667,664 80,667,664 Units Outstanding Ares Operating Group Units 130,921,766 -…
Economic Net Income per Unit Calculations Three Months Ended Three Months Ended June 30, 2014 March 31, 2014 Economic Net Income Per Unit Economic Net Income Before Taxes 75,051 77,405 (-) Entity Level Foreign, State and Local Taxes…
Distributable Earnings per Unit Calculations Pro Forma Three Months Ended Three Months Ended June 30, 2014 March 31, 2014 Distributable Earnings per Ares Operating Group Unit Outstanding (1) Distributable Earnings 48,900 54,753 (-)…
Additional Information as of June 30, 2014 Targeted Net Returns* Capital Base by Duration Investor Base as % of AUM Tradable Credit: 71 Active Funds Permanent Capital: 15.6% Public Entity & Related: 30% Bank Loans: Benchmark…
Stand Alone Segments Annual Financial Data in millions Year ended December 31, 2011 2012 2013 Direct Lending (1) 155 190 238 Tradable Credit 99 145 145 Private Equity 68 69 93 Real Estate 3 10 40 Management Fees 324 415 517 Other Fees…
GAAP to Non-GAAP Reconciliation Stand Alone Reporting Basis in millions Year ended December 31, Three months ended June 30, Six months ended June 30, 2011 2012 2013 2014 2013 2014 2013 Economic net income and fee related earnings:…
GAAP to Non-GAAP Reconciliation Stand Alone Reporting Basis (continued) in millions Year ended December 31, Three months ended June 30, Six months ended June 30, 2011 2012 2013 2014 2013 2014 2013 Performance related earnings Income…
Glossary ARCC Part I Fees ARCC Part I Fees refers to fees based on ARCCs net investment income (before ARCC Part I Fees and fees based on ARCCs net capital gains, which are paid annually (ARCC Part II Fees)), which are paid quarterly.…
Glossary (continued) Fee Related Earnings Fee related earnings (or FRE) is a component of ENI and is used to assess the ability of our business to cover direct base compensation and operating expenses from management fees. FRE differs…
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