Ares Management Corporation Non-core investments — Unfunded commitments increased by 2.6% to $3755464000.00 in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 244.9%, from $1088937000.00 to $3755464000.00. Over 3 years (FY 2022 to FY 2025), Non-core investments — Unfunded commitments shows an upward trend with a 38.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
An increase indicates higher future capital requirements and potential liquidity pressure, whereas a decrease signals a reduction in future funding obligations for these specific assets.
This metric quantifies the total contractual obligation the firm has to provide future capital to non-core investment ve...
Comparable to 'Unfunded Capital Commitments' or 'Capital Call Obligations' found in the footnotes of other private equity and asset management firms.
ares_segment_non_core_investments_unfunded_commitments| 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 | $0.00 | $1,200,000,000.00 | $958,500,000.00 | $903,900,000.00 | $811,300,000.00 | $869,000,000.00 | $1,025,300,000.00 | $1,002,300,000.00 | $830,746,000.00 | $738,621,000.00 | $1,079,881,000.00 | $988,337,000.00 | $1,000,749,000.00 | $932,473,000.00 | $1,088,937,000.00 | $2,248,528,000.00 | $2,330,124,000.00 | $3,658,819,000.00 | $3,755,464,000.00 |
| QoQ Change | — | — | -20.1% | -5.7% | -10.2% | +7.1% | +18.0% | -2.2% | -17.1% | -11.1% | +46.2% | -8.5% | +1.3% | -6.8% | +16.8% | +106.5% | +3.6% | +57.0% | +2.6% |
| YoY Change | — | — | — | — | — | -27.6% | +7.0% | +10.9% | +2.4% | -15.0% | +5.3% | -1.4% | +20.5% | +26.2% | +0.8% | +127.5% | +132.8% | +292.4% | +244.9% |