Ares Management LPAres targets over $750B AUM by 2028 with 17% YoY AUM growth, $34.4B net inflows, and medium-term fee-related earnings growth targets.

Ares Management Corporation expects its assets under management to exceed $750 billion by 2028, up from $671.3 billion as of June 30, 2026. Total AUM rose 17% year over year at the end of the second quarter of 2026, with fee-paying AUM climbing at the same pace to $409.9 billion, and AUM has grown at a 19% CAGR since 2013. Annual gross fundraising reached $133 billion for the 12 months ended June 2026, up from $56 billion in second-quarter 2021, a 19% CAGR over five years, while the company raised $36.4 billion in capital, recorded $34.4 billion in net inflows and deployed $35.9 billion in the second quarter of 2026. Ares Management held roughly $170 billion in available capital as of June 30, 2026, and acquisitions including GCP International and BlueCove have expanded its real assets, digital infrastructure and systematic fixed income capabilities. Management also targets 16-20% or more annual organic growth in fee-related earnings and above 20% annual growth in realized income over the medium term.
Ares Management LPAres targets over $750B AUM by 2028 with 17% YoY AUM growth, $34.4B net inflows, and medium-term fee-related earnings growth targets.
Apollo Global Management LLC Class A
Blackstone Group IncMentioned only as an acquisition by Ares that expanded real assets and digital infrastructure capabilities; no standalone impact on GCP International.