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4.65% Yielder With Further Upside Benefiting From Tax Reform

Published Mon, 05 Mar 2018 09:00:00 -0500 on Seeking Alpha

Ares Management- (ARES) ARES is a leading global alternative asset manager that manages $106 billion in total assets under management. They manage capital across three distinct but complementary investment segments:

The shares of ARES IPO'd in 2014 allowing it to expand into commercial finance and asset-based lending when it acquired Keltic Financial Services and Keltic Financial Partners II in June 2014. They also acquired the asset-based lending portfolio of First Capital Holdings in 2015 further adding to their asset based lending scale.
In 2015, the company augmented their Private Equity Group in early 2015 when it acquired Energy Investors Funds, an asset manager that specialized in the U.S. power and energy industry. The business focuses on making strategic investments in stable cash flowing investments in the power generation, transmission, and midstream sectors.
Many investors know the various publicly traded vehicles that fall under the Ares umbrella. They have the BDC which is their private business lending business and ACRE, their commercial real estate business. Then there is their closed-end fund, ARDC, which invests in floating rate and other high yield investments. Lastly, there is their recent ACAS acquisition, another BDC vehicle that invests in first lien debt.

Between the acquisitions and organic growth they have been able to grow their AUM at an amazing 10-year CAGR of 20%. Even during the financial crisis their were able to grow... Read more


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