On June 15, Ares Management rose 5.1% in regular trading, trading at $138.885/share, with turnover of $71.06 million. The rally follows a series of positive developments highlighting the firm's strong capital-raising momentum.

Ares announced the final close of its Ares Pathfinder Fund III at $8.5 billion in LP commitments, making it the largest asset-based finance fund in the global market. Launched in January, the fund reached its hard cap in under six months, significantly surpassing its initial $6.5 billion target and eclipsing the $6.6 billion raised by its predecessor Pathfinder II. Including approximately $4 billion from existing LPs who extended their reinvestment periods, Ares has raised a total of $12.7 billion through its Pathfinder closed-end strategy over the past nine months for the asset-based finance space.

Additionally, reports indicate Ares is in discussions to acquire international data centers from GLP as part of GLP's plan to divest approximately $2 billion in assets. As of March 31, Ares Alternative Credit manages approximately $57.3 billion in assets. The broader Asset Management sector traded higher, with Blackstone up 3.57%, KKR up 2.77%, and BlackRock up 1.07%.

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