Ares Management reported record quarterly fundraising of $36 billion in the second quarter of 2026, driving a 17% year-over-year increase in total assets under management to approximately $671 billion. Fee-paying AUM rose 17% to approximately $410 billion, while management fees exceeded $1 billion for the quarter, up 14% from the prior year. Fee-related earnings grew 20% to approximately $491 million, and realized income increased 31% to approximately $522 million, with after-tax realized income per share of $1.29, a 25% gain. The company declared a quarterly dividend of $1.35 per share, over 20% higher than the same quarter a year ago, and ended the period with $170 billion of dry powder and $114 billion of AUM not yet paying fees. CEO Michael Arougheti highlighted accelerating institutional demand for private credit and noted that the firm remains on track to meet its full-year financial objectives, consistent with long-term compound annual growth targets of 16% to 20% for fee-related earnings and over 20% for realized income.
Ares Management LPRecord fundraising, AUM growth, and strong fee-related earnings highlight financial performance.