Ares Management Corporation Secondaries Group — Investment Income, Investment Expense decreased by 20.9% to $1.62M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 19.2%, from $2.01M to $1.62M. Over 3 years (FY 2022 to FY 2025), Secondaries Group — Investment Income, Investment Expense shows an upward trend with a 12.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Increasing expenses relative to assets may signal rising management costs or inefficient portfolio servicing.
Captures the gross investment-related expenses incurred by the Secondaries Group segment to manage its portfolio. This i...
Comparable to investment-related operating expenses at other alternative asset managers.
ares_segment_secondaries_group_investment_income_investment_expense| Q3 '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 | $427.00K | $465.00K | $1.56M | $1.75M | $1.89M | $2.31M | $2.45M | $2.02M | $2.20M | $2.70M | $2.58M | $2.19M | $2.77M | $2.01M | $1.86M | $2.08M | $2.05M | $1.62M |
| QoQ Change | — | +8.9% | +234.8% | +12.6% | +7.5% | +22.3% | +6.3% | -17.6% | +9.1% | +22.4% | -4.4% | -15.0% | +26.6% | -27.6% | -7.3% | +11.5% | -1.2% | -20.9% |
| YoY Change | — | — | — | +310.5% | — | +395.7% | +57.4% | +15.2% | +16.9% | +17.0% | +5.2% | +8.5% | +25.8% | -25.6% | -27.8% | -5.2% | -26.0% | -19.2% |