Name | Value |
---|---|
Revenues | 1,189.5M |
Cost of Revenue | 268.0M |
Gross Profit | 921.5M |
Operating Expense | -581.5M |
Operating I/L | 340.0M |
Other Income/Expense | -12.9M |
Interest Income | 242.2M |
Pretax | 327.1M |
Income Tax Expense | 46.5M |
Net Income/Loss | 118.5M |
Ares Management Corporation is an alternative asset manager that operates in the United States, Europe, and Asia. The company's Tradable Credit Group manages investment funds for institutional and retail investors in the corporate credit markets. Its Direct Lending Group provides financing solutions to small-to-medium sized companies. The Private Equity Group focuses on majority or shared-control investments in under-capitalized companies, while the Real Estate Group invests in new developments and repositions assets, with a focus on control or majority-control investments. Ares Management Corporation generates revenue through managing investment funds, providing financing solutions, and making strategic investments in various sectors.