What does secondaries group — total equity mean?

The residual interest in the assets of the Secondaries Group after deducting all liabilities. This represents the net book value of the segment attributable to the parent company.

Ares Management Corporation ARES Secondaries Group — Total equity

Other segment segments

Credit Group

$26.17B—

Real Assets Group

$23.86B—

Private Equity Group

$5.98B—

Other

$97.98M—

Similar metrics at other companies

SEBAll Other Segments — Stockholders Equity Including Portion Attributable To Noncontrolling Interest

$239M+4.4%

INSWStockholders Equity Subtotal

$2.21B+17.5%

EFC

EFCCorporate Segment and Other Operating Segment — Total Equity

-$616.82M-400%

WALCorporate And Other Segment — Total equity

$1.58B+11.0%

STWDInvesting and Servicing Segment — Equity, Including Portion Attributable to Noncontrolling Interest

$980.89M—

JAN

JANStockholder Equity

$5.45M—

Other financials

Income statement

See full

Revenue$1.4B+28.3%

Net income$142.6M+202%

Balance sheet

See full

Cash & equivalents$568.8M-8.0%

Total debt$730.1M+6.4%

Total equity$4.0B-9.6%

Total assets$28.4B+4.5%

Cash flow

See full

Operating cash flow$406.5M-79.6%

Valuation

See full

Market cap$24.61B-33.7%

Enterprise value$24.77B-33.5%

P/E39.5×-37.8×

P/S4.2×-3.5×

Profitability

See full

Net margin10.5%+0.3pp

FCF margin-161.4%—

Returns & leverage

See full

Return on equity14.7%+0.6pp

Debt / equity0.2×0.0×

Where this comes from

Reported directly by Ares Management Corporation in its filing.

Tagged under the XBRL concept us-gaap:StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest.

The official record: Ares Management Corporation’s 10-K, filed February 25, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ares Management Corporation's secondaries group — total equity?: Ares Management Corporation (ARES) reported secondaries group — total equity of $6.24B in Q4 2025.
How has Ares Management Corporation's secondaries group — total equity changed year-over-year?: Ares Management Corporation's secondaries group — total equity decreased by 44.9% year-over-year, from $11.33B to $6.24B.
What does secondaries group — total equity mean?: The residual interest in the assets of the Secondaries Group after deducting all liabilities. This represents the net book value of the segment attributable to the parent company.