Source: Ares Management Form 8-K Exhibit 99.2 quarterly earnings presentations, AUM rollforward by group (Credit, Real Assets, Secondaries, Private Equity, Other Businesses). One presentation per quarter, for the quarters ended June 30, 2024 through September 30, 2026 (Q3 2026 presentation, filed 2026-10-29: https://www.sec.gov/Archives/edgar/data/1176948/000162828026067994/a2026q3-ex992earningspre.htm). The GCP International $45.3 billion AUM contribution is stated in the Q1 2025 presentation. Real Estate versus Infrastructure inside Real Assets is from the Q3 2026 AUM and FPAUM by Strategy slide.

Source: Ares Management Form 8-K Exhibit 99.2 quarterly earnings presentations, second-quarter highlights (Available Capital). One presentation per quarter, for the quarters ended June 30, 2024 through September 30, 2026 (Q3 2026 presentation, filed 2026-10-29: https://www.sec.gov/Archives/edgar/data/1176948/000162828026067994/a2026q3-ex992earningspre.htm). The Q3 2026 year-over-year drivers and AUM Not Yet Paying Fees available for future deployment ($93.8 billion) are from the same Q3 2026 presentation.

Source: Ares Management Form 8-K Exhibit 99.2 quarterly earnings presentations, financial highlights (Total Fee Paying AUM). One presentation per quarter, for the quarters ended June 30, 2024 through September 30, 2026 (Q3 2026 presentation, filed 2026-10-29: https://www.sec.gov/Archives/edgar/data/1176948/000162828026067994/a2026q3-ex992earningspre.htm). The GCP International acquisition and its $45.3 billion AUM contribution are stated in the Q1 2025 presentation.

Source: Ares Management Form 8-K Exhibit 99.2 quarterly earnings presentations, RI and Other Measures financial summary (Fee Related Earnings, unconsolidated). One presentation per quarter, for the quarters ended June 30, 2024 through September 30, 2026 (Q3 2026 presentation, filed 2026-10-29: https://www.sec.gov/Archives/edgar/data/1176948/000162828026067994/a2026q3-ex992earningspre.htm). Q4 2025 fee related performance revenues are from the same Q4 2025 summary.

Source: Ares Management Form 8-K Exhibit 99.2 quarterly earnings presentations, second-quarter highlights (Raised / net inflows of capital). One presentation per quarter, for the quarters ended June 30, 2024 through June 30, 2026. Net inflows of capital is defined in each presentation as gross capital commitments less redemptions. FY 2025 totals are from the Q4 2025 highlights.