First Quarter 2015 Highlights Total Assets Under Management of 86.9 billion, a 12.8% increase compared to Q1-14 Assets Assets Under Under Total Fee Earning AUM of 65.7 billion, a 14.7% increase compared to Q1-14 Management…
Gross New Capital Commitments First Quarter(1) in millions Comments Tradable Credit Group Long Only Ares XXXIII CLO 613 New U.S. CLO Other Funds 288 Gross inflows to other long only funds Alternative Structured Credit SMA…
Assets Under Management and Fee Earning Assets Under Management AUM of 86.9 billion as of March 31, 2015, increased 12.8% year over year AUM is up 6.3% for the quarter driven by: o The acquisition of EIF, which closed January 1, 2015…
Incentive Generating AUM and Incentive Eligible AUM Incentive Generating AUM of 24.2 billion as of March 31, 2015 grew 23.8% year over year Incentive Generating AUM grew 7.1% over the quarter o Growth was driven by unrealized mark to…
Available Capital and AUM Not Yet Earning Fees Summary Available Capital as of March 31, 2015 grew 3.6% year over year Available Capital increased from 18.2 billion in Q4-14 to 18.9 billion in Q1-15 o The increase was primarily due to…
Financial Summary in thousands (except per unit information and capital amounts) Q1-15 Q1-14 % Change Management Fees(1) 162,316 139,861 16.1% Administrative Fees and Other Income 7,350 6,865 7.1% Compensation and Benefits(2)…
Tradable Credit Group(1) Management fee revenues increased 11.6% vs. Q1-14, primarily in thousands Q1-15 Q1-14 driven by incremental fees from various new funds that were launched subsequent to Q1-14, including 4.2 million from new…
Direct Lending Group(1) Management fee revenues for Q1-15 rose 6.9% compared to Q1- in thousands 14, primarily driven by net capital deployment over the last Q1-15 Q1-14 twelve months Management Fee ENI increased 10.6% compared to…
Private Equity Group(1) in thousands Q1-15 management fee revenues increased 57.7% compared Q1-15 Q1-14 to Q1-14 due to management fee contracts acquired in the EIF transaction that closed in Q1-15, adding 14.2 million Management Fee…
Real Estate Group(1) Q1-15 management fee revenues increased 3.6% compared to in thousands Q1-14, primarily driven by fees from new funds (EU IV and US Q1-15 Q1-14 VIII), partially offset by a reduction in fees from three funds that…
Financial Details - Total Standalone(1) in thousands Q1-15 Q4-14 Q3-14 Q2-14 Q1-14 Management fees Total Management fees (2) 162,316 161,106 153,676 143,403 139,861 Administrative fees and other income(3) 7,350 8,438 6,568 6,576…
Economic Net Income per Unit Data Q1-15 Q4-14 Q3-14 Q2-14(1) Q1-14(1) Economic Net Income Per Unit Economic Net Income Before Taxes 82,930 64,696 72,055 75,051 77,405 (-) Entity Level Foreign, State and Local Taxes (479) (1,155) (626)…
Distributable Earnings per Unit Data Q1-15 Q4-14 Q3-14 Q2-14(1) Q1-14(1) Distributable Earnings per Ares Operating Group Unit(1) Outstanding Distributable Earnings 67,295 64,538 65,324 48,553 53,418 x Ares Operating Group Units(2)…
Balance Sheet Highlights Strong liquidity position with 69.4 million in cash & cash equivalents and an available balance of 970.0 million under our 1.03 billion revolving credit facility Substantial balance sheet value related to…
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
Balance Sheet Investments at Fair Value by Strategy in thousands March 31, 2015 December 31, 2014 Private Equity Group ACOF I 576 777 ACOF II 13,947 12,578 ACOF III 103,906 101,216 ACOF IV 27,233 21,836 ACOF Asia 107,562 118,954 253,224…
Significant Fund Performance Metrics as of March 31, 2015 in millions Net Returns Year of Assets Under Since Fund Past 5 years Past 3 years Segment Investment Strategy Inception Management(1) Inception HY II 2007 448 8.4 8.7 7.1…
Significant Fund Performance Metrics as of March 31, 2015 (cont.) in millions The following represents additional performance data for the Companys significant and other funds that are structured as closed-end commingled funds(15):…
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.…
Unit Information Q1-15 Q4-14 Adjusted Common Adjusted Common GAAP Units GAAP 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 132,437,609 -…
Additional Information as of March 31, 2015 Targeted Net Returns* Capital Base by Duration Investor Base as % of AUM Tradable Credit Group: 75 Active Funds Permanent Capital: 15.2% Public Entity & Related: 28% Bank Loans: Benchmark…
Stand Alone Segments Annual Financial Data in millions Year ended December 31, Three months ended March 31, (1) 2012 2013 2014 2014 2015 Direct Lending Group 190 238 276 66 71 Tradable Credit Group 145 146 144 34 38 Private Equity…
GAAP to Non-GAAP Reconciliation Stand Alone Reporting Basis in millions Year ended December 31, Three months ended March 31, 2012 2013 2014 2014 2015 Economic net income and fee related earnings: Income before taxes 1,262 873 557 275…
GAAP to Non-GAAP Reconciliation Stand Alone Reporting Basis (continued) in millions Year ended December 31, Three months ended March 31, 2012 2013 2014 2014 2015 Performance related earnings Income before taxes 1,262 873 557 275 407…
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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