$ARES · Ares Management Corp
Ares Management reported Q3 2026 results with after-tax realized income of $1.26 per share, fee related earnings of $524.2 million, and GAAP net income of $85.3 million. Total AUM grew to $690.6 billion with $31.0 billion in gross capital commitments. The company also declared a $1.35/share quarterly dividend and announced ARCC's $2.6 billion acquisition of MidCap Financial Investment Corporation (MFIC).
- After-tax realized income per share of $1.26 for Q3 2026, with fee related earnings of $524.2 million.
- Total AUM reached $690.6 billion; fee paying AUM of $416.4 billion with $173.8 billion in available capital.
- Gross capital commitments of $31.0 billion in Q3, with net inflows of $28.6 billion after redemptions.
- GAAP net income attributable to Ares Management Corporation was $85.3 million, or $0.21 per share.
- Quarterly dividend declared at $1.35 per share of Class A common stock, payable December 31, 2026.
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Ares is tracking toward a record fundraising year with $93.8 billion in embedded future fee revenue, while the ARCC-MFIC merger signals consolidation in the BDC space.
Ares continues to scale its alternative credit platform with $691B AUM, competing with peers like Blackstone and KKR. The ARCC-MFIC merger consolidates its position in the BDC space.
Forward-looking statements cite risks around deployment timing and realization of $93.8 billion in AUM not yet paying fees. The ARCC-MFIC merger ($2.6B enterprise value) introduces integration and execution risk.