Establishes Over $115 Billion Global Real
Assets Platform With Enhanced Capabilities Across New Economy
Sectors and Attractive Geographies
Ares Management Corporation (NYSE: ARES) (“Ares”) announced
today that it has completed its acquisition of the international
business of GLP Capital Partners Limited, excluding its operations
in Greater China, and certain of its affiliates (“GCP
International”). With the addition of GCP International, Ares’
leading global alternative investment platform managed over $525
billion in assets, including more than $115 billion in its global
Real Assets business, as of December 31, 2024.
The transaction adds important geographic exposure in Asia with
a significant presence in Japan through one of the largest
logistics platforms in the country, local logistics platforms in
emerging economies such as Brazil and Vietnam and an expanded
presence in Europe and the U.S. The addition of GCP International
alongside the recently completed acquisition of Walton Street
Mexico cements Ares as a top three global owner and operator of
logistics assets with over 570 million square feet of logistics
properties around the world. Further, the acquisition of GCP
International has enhanced Ares’ capabilities in other
high-conviction sectors, including digital infrastructure and
self-storage. More broadly, Ares has reinforced its position as a
leading global real estate investor, differentiated by its local
investment approach and vertically integrated operating and
development capabilities across sectors and regions.
In addition, Ares now operates a digital infrastructure business
with several large hyperscale projects in process across key global
markets that collectively represent over 1GW of IT capacity,
including approximately 500MW in projects currently underway, as
well as a substantial pipeline of future growth. These projects
have attracted strong investor interest and, in combination with
Ares’ existing climate, real estate and digital infrastructure
capabilities, should enable Ares to achieve significant scale for
this business.
Ares’ strong presence in logistics, digital infrastructure and
traditional real estate sectors positions the platform as a leader
in fast-growing new economy sectors. Ares believes the
opportunities in these sectors will continue to be fueled by rising
demand for new technologies, significant changes in global supply
chains and evolving demographic trends that are transforming how
communities live and work.
Ming Mei, currently CEO of GLP and GCP’s remaining business,
will continue to support Ares’ growth initiatives as a Partner and
Senior Advisor, and Michael Steele, most recently President at GCP
International, has joined Ares as a Partner in its Real Assets
Group. In addition, colleagues across GCP International’s global
team have joined Ares Real Estate, which will continue to be led by
Co-Heads Bill Benjamin and Julie Solomon.
“We are proud to welcome our new team members as we establish a
powerhouse in the critical real asset sectors driving the new
economy,” said Michael Arougheti, Chief Executive Officer of Ares.
“Together, we have the scale, relationships and experience to
benefit from the long-term secular tailwinds that are facilitating
unprecedented growth in logistics, digital infrastructure and clean
energy assets. We look forward to accelerating execution against
our strategic objectives, including growing our global footprint
and expanding across asset classes and institutional and retail
investor offerings, to deliver an enhanced value proposition for
our investors, stockholders and other market participants.”
“Over the last decade, we have aimed to solidify Ares Real
Estate as a leading global investor through our skilled team,
longstanding investor and sponsor relationships and performance
across market cycles,” said Mr. Benjamin and Ms. Solomon. “As we
start on this next chapter, the combination of our collaborative
cultures, strong sector focus and deep local networks gives us
conviction in the power of our platform. We are more excited than
ever to be bringing together two top-tier firms and are confident
that our integrated team’s breadth of experience and disciplined
investment approach will fuel our ability to capitalize on
attractive long-term structural trends in global real estate
markets.”
Advisors
Eastdil Secured, L.L.C., Barclays, Goldman Sachs & Co. LLC
and Wells Fargo Securities, LLC served as financial advisors to
Ares, with Latham & Watkins acting as legal counsel. Citigroup,
Morgan Stanley & Co. LLC, Greenhill, a Mizuho affiliate, UOB
Group and Deutsche Bank served as financial advisors to GCP
International and Kirkland & Ellis LLP served as legal
counsel.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global
alternative investment manager offering clients complementary
primary and secondary investment solutions across the credit, real
estate, private equity and infrastructure asset classes. We seek to
provide flexible capital to support businesses and create value for
our stakeholders and within our communities. By collaborating
across our investment groups, we aim to generate consistent and
attractive investment returns throughout market cycles. As of
December 31, 2024, including the acquisition of GCP International
which closed on March 1, 2025, Ares Management Corporation's global
platform had over $525 billion of assets under management, with
operations across North America, South America, Europe, Asia
Pacific and the Middle East. For more information, please visit
www.aresmgmt.com.
Forward-Looking Statements
Statements included herein contain forward-looking statements
within the meaning of the federal securities laws. You can identify
these forward-looking statements by the use of forward-looking
words such as “outlook,” “believes,” “expects,” “potential,”
“continues,” “may,” “will,” “should,” “seeks,” “approximately,”
“predicts,” “intends,” “plans,” “estimates,” “anticipates,”
“foresees” or negative versions of those words, other comparable
words or other statements that do not relate to historical or
factual matters. The forward-looking statements are based on Ares’
beliefs, assumptions and expectations of Ares’ future performance,
taking into account all information currently available to Ares.
Such forward-looking statements are subject to various risks and
uncertainties, including Ares’ ability to effectively integrate
each of GCP International and Walton Street Mexico into Ares’
operations and to achieve the expected benefits therefrom, and
assumptions including those relating to the acquisitions of GCP
International and Walton Street Mexico, Ares’ operations, financial
results, financial condition, business prospects, growth strategy
and liquidity. Some of these factors are described in the Annual
Report on Form 10-K for the year ended December 31, 2024, including
under the headings “Item 1A. Risk Factors” and “Item 7.
Management’s Discussion and Analysis of Financial Condition and
Results of Operations.” These factors should not be construed as
exhaustive and should be read in conjunction with the risk factors
and other cautionary statements that are included in this report
and in Ares’ other periodic filings. If one or more of these or
other risks or uncertainties materialize, or if Ares’ underlying
assumptions prove to be incorrect, Ares’ actual results may vary
materially from those indicated in these forward-looking
statements. New risks and uncertainties arise over time, and it is
not possible for Ares to predict those events or how they may
affect Ares. Therefore, you should not place undue reliance on
these forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made. Ares does not
undertake any obligation to update or review any forward-looking
statement, whether as a result of new information, future
developments or otherwise, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20250303508549/en/
Media: Priscila Roney, +1-212-808-1185
media@aresmgmt.com
Investors: Greg Mason, Carl Drake irares@aresmgmt.com
Ares Management (NYSE:ARES)
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