全球最大的另类资产管理公司之一Ares Management第三季度募集资金310亿美元，受其私募信贷、房地产和基础设施业务强劲表现推动。
Ares Management, one of the world’s biggest alternative asset managers, raised $31 billion in the third quarter, driven by strength across its private credit, real estate and infrastructure businesses.
总部位于加利福尼亚州洛杉矶的该公司，通过去年收购GCP International，将业务从私募信贷扩展至更广阔领域，在房地产和数字基础设施领域站稳了脚跟。
The Los Angeles, California-based company bolstered its business beyond private credit through last year’s acquisition of GCP International, gaining a stronger foothold in real estate and digital infrastructure.
随着机构投资者继续大举配置另类资产，Ares有望迎来有史以来最好的募资年份。
Ares is on track for its best-ever fundraising year as institutional investors continue strong allocations to alternative assets.
超过一半的资金流入来自其非信贷业务，凸显了其平台的广度。实物资产部门本季度募集112亿美元，而信贷集团募集152亿美元。
Over half of the inflows came from its non-credit businesses, highlighting the breadth of its platform. The real assets division raised $11.2 billion in the quarter, while the credit group hauled $15.2 billion.
“我们继续预计募资将迎来又一个创纪录年份，第四季度前景看好，这得益于我们全球机构和财富渠道的持续需求，”首席执行官Michael Arougheti表示。
“We continue to expect another record year in fundraising with visibility for a strong fourth quarter, driven by sustained demand in our global institutional and wealth channel,” CEO Michael Arougheti.
Ares股价在盘前交易中上涨超过1.5%。该股迄今今年已下跌23%。
Ares shares rose over 1.5% in premarket trading. The stock has slipped 23% so far this year.
Ares的资产募集引擎主要面向机构客户，使其免受富裕投资者在私募信贷领域募资波动的影响。
Ares’ asset gathering engine is largely focused on institutional clients, shielding it from fundraising volatility in private credit from wealthy investors.
Ares最近的主要募资包括一个约40亿美元的日本物流房地产开发基金和一个42亿美元的首支二级市场基金。
Major recent Ares fundraising includes a roughly $4 billion Japan-focused logistics real estate development fund and a $4.2 billion debut secondaries fund.
截至9月30日的三个月内，管理资产增长16%至6906亿美元，与费用相关收益增长11%至5.242亿美元。
Assets under management jumped 16% to $690.6 billion in the three months ended September 30, while fee-related earnings rose 11% to $524.2 million.
投资者当天晚些时候将关注管理层关于人工智能基础设施热潮的评论。本月早些时候的人工智能股票抛售，加剧了对作为关键融资方的资产管理公司的审查。
Investors will later in the day focus on management commentary on the AI infrastructure boom. A selloff in AI stocks earlier this month has sharpened scrutiny on asset managers that are key financiers in the build out.
第三季度交易活动放缓 私募信贷公司本季度的交易活动依然低迷，反映出收购活动疲软以及来自广泛联合贷款市场的竞争。
Slow deal activity in Q3 Deal activity for private credit firms remained slow in the quarter, reflecting subdued buyout activity and competition from the broadly syndicated loan market.
Ares部署了348亿美元的资本，主要受美国和欧洲直接贷款、另类信贷以及基础设施债务和股权策略推动。
Ares deployed $34.8 billion of capital, driven by US and European direct lending, alternative credit and infrastructure debt and equity strategies.
对于机构基金，Ares在投资资本时开始收取管理费。截至9月30日，未投资资本增长16%，达到1738亿美元。该公司预计第四季度投资活动将加快。
For institutional funds, Ares begins earning management fees as it invests the capital. Uninvested capital jumped 16% to $173.8 billion as of September 30. The company expects investing activity to pick up in the fourth quarter.
“随着我们进入一年中最旺盛的季度，近期市场波动正在推动对我们规模化且可靠的资本的需求增加，”Arougheti表示。
“As we head into our strongest seasonal quarter, recent market volatility is driving increased demand for our scaled and reliable capital,” Arougheti said.
“信贷表现强劲，尤其是直接贷款，”RBC分析师Bart Dziarski表示。
“Credit performance was strong, particularly in direct lending,” RBC analyst Bart Dziarski said.
另类信贷本季度录得3.6%的总回报，而美国高级直接贷款回报率为3.3%。欧洲直接贷款回报率为2.2%。
Alternative credit posted a gross return of 3.6% in the quarter, while US senior direct lending returned 3.3%. European direct lending returned 2.2%.
募资、资本部署和投资表现是华尔街密切关注的关键指标，因为它们推动未来收益。
Fundraising, capital deployment and investment performance are key metrics that Wall Street watches closely as they drive future earnings.
本季度A类普通股每股税后实现收入为1.26美元，而去年同期为1.19美元。
After-tax realized income per share of Class A common stock was $1.26 for the quarter, compared with $1.19 a year ago.