Ares Management Corp (NYSE:ARES), a leading global alternative investment manager, stock rose 0.70% (As on May 6, 11:24:18 AM UTC-4, Source: Google Finance) after the company reported first quarter 2025 earnings that exceeded analyst expectations. GAAP net income attributable to Ares Management Corporation was $47.2 million for the quarter ended March 31, 2025. After-tax realized income was $381.4 million for the quarter ended March 31, 2025. Fee related earnings were $367.3 million for the quarter ended March 31, 2025. As of March 31, 2025, Ares Management Corporation’s global platform had approximately $546 billion of assets under management, with operations spanning North America, South America, Europe, Asia Pacific, and the Middle East. ARES announced that its Ares Private Markets Fund (“APMF”), a diversified private equity investment solution anchored in secondary investments, exceeded $3 billion in assets under management in its first three years in the market. APMF is distributed through Ares’ Wealth Management Solutions platform (“AWMS”), an industry leader in providing private market investment solutions to advisors and their clients.

Moreover, Epika Fleet Services, Inc., a leading mobile-focused provider of preventative maintenance and repair services for commercial trucking fleets, announced that an Ares Private Equity fund (“Ares”) has acquired a majority stake in the Company. The transaction provides Epika with significant additional capital to support investments in the quality and buildout of its service offerings, expand its customer base in underserved geographies and cement the platform as a mobile-solutions provider of choice for fleet operators. Terms of the transaction were not disclosed. This transaction underscores the significant opportunities ahead as the company accelerates the go-to-market strategy and continues to expand the mobile-service platform.

ARES in the first quarter of FY25 has reported the adjusted earnings per share of $1.09, beating the analysts’ estimates for the adjusted earnings per share of 98 cents.

Additionally, Ares declared a quarterly dividend of $1.12 per share of its Class A and non-voting common stock, payable on June 30, 2025 to its Class A and non-voting common stockholders of record at the close of business on June 16, 2025. Ares declared a quarterly dividend of $0.84375 per share of its 6.75% Series B mandatory convertible preferred stock, payable on July 1, 2025 to its preferred stockholders of record at the close of business on June 15, 2025.