Ares Management Corporation (NYSE:ARES) is one of the best growth stocks to buy for the next 2 years. On August 18, Ares Management Corporation announced the launch of Ares Core Infrastructure Fund/AUT, which is an Australian-domiciled unit trust. The new fund is designed to give wholesale and advised retail clients in Australia access to the Ares Core Infrastructure Fund/ACI, which is a US-regulated business development company.
Since its launch in 2024, ACI has grown to ~A$1.8 billion in assets under management as of July 1 this year. The fund focuses on a portfolio of operating infrastructure assets and is structured to provide enhanced transparency and quarterly liquidity to investors. This is the fourth wealth offering from Ares in Australia and New Zealand.
The company had previously introduced the Ares Private Markets Fund/AUT in December 2024, along with the Ares Global Credit Income Fund and Ares Diversified Credit Fund. Since it entered into the region in 2020, Ares has raised ~A$2.0 billion across its private wealth products.
Ares Management Corporation (NYSE:ARES) is an alternative asset manager in the US, Europe, and Asia.
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Disclosure: None. This article is originally published at Insider Monkey.
