Ares Management Corporation Non-core investments — Partnership interests increased by 9.2% to $4.14B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 78.5%, from $2.32B to $4.14B. Over 4 years (FY 2021 to FY 2025), Non-core investments — Partnership interests shows an upward trend with a 120.5% CAGR.
An increase suggests a strategic shift toward opportunistic or diversified asset holdings, while a decrease indicates a divestment or wind-down of non-core partnership activities.
This metric represents the fair value or carrying amount of equity stakes held in external partnerships or joint venture...
Similar to 'Other Investments' or 'Strategic Minority Interests' reported by other alternative asset managers, though specific accounting treatment varies by firm.
ares_segment_non_core_investments_partnership_interests| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.60M | $6.00M | $469.60M | $719.90M | $781.50M | $1.05B | $1.02B | $1.17B | $1.29B | $1.49B | $1.64B | $1.72B | $1.90B | $1.93B | $2.00B | $2.32B | $2.52B | $2.75B | $3.79B | $4.14B |
| QoQ Change | — | +30.4% | >999% | +53.3% | +8.6% | +34.6% | -2.7% | +14.5% | +9.8% | +15.5% | +10.5% | +4.8% | +10.1% | +2.1% | +3.4% | +15.9% | +8.7% | +9.1% | +37.9% | +9.2% |
| YoY Change | — | — | — | — | >999% | >999% | +118.0% | +62.8% | +64.7% | +41.3% | +60.5% | +46.9% | +47.2% | +30.2% | +21.8% | +34.7% | +33.0% | +42.1% | +89.5% | +78.5% |