Ares (ARES) CEO says demand has remained consistent despite recent market noise, seeing investors lean in; continue to exceed fundraising targets in most of our flagship fundraisers
The CEO's comments suggest a resilient demand for Ares' investment offerings, indicating strong investor confidence amid market volatility.
Revolution Medicines (RVMD) says FDA allows expanded access for daraxonrasib in patients with previously treated metastatic pancreatic cancer
US Treasury Secretary Bessent says US has complete control of the Strait of Hormuz and blockade will continue until there is pre-February 27th Freedom of Navigation, via X in message to Iran leadership
Ares (ARES) CEO says demand has remained consistent despite recent market noise, seeing investors lean in; continue to exceed fundraising targets in most of our flagship fundraisers
US antitrust clear Intel's (INTC) Sambanova systems transactions
Chevron (CVX) CEO says in talks to modify and extend Venezuela license, via conference call
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- CFO says not seeing any credit deterioration broadly within software, only one software company on non accrual.
This positive tone coupled with exceeding fundraising targets reinforces the firm's competitive positioning in the market, and the CFO's reassurances about credit quality within the software sector further mitigate concerns about broader credit deterioration, which could be supportive for equities associated with Ares and the software sector.
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