Ares Management raised $31 billion in gross capital commitments during the third quarter of 2026. More than half of the inflows originated from outside the firm's core credit business. Fee related earnings, Ares' measure of recurring profit from management fees, increased 11% to $524.2 million.
The margin widened to 42.5% from 41.4%. Realised income also grew 8% to $490.1 million. GAAP net income told a different story, falling to $85.3 million from $288.9 million a year earlier.
This decline was driven by dropped carried interest allocations, which fell to $161.7 million from $464.7 million, and net investment losses. Michael Arougheti, chief executive of Ares, stated the firm continues to expect another record year in fundraising. He cited sustained demand in global institutional and wealth channels as the primary driver.
Source: PE Insights · Summarized by HeadlinesBriefing