# If Ares Management moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/ares-management · Facet: ripple · Updated: 2026-10-17T16:07:50.730136+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Ares Management is directly linked to 2 companies (0 supply, 0 revenue, 2 investment relationships) and reaches 17 companies within two hops; the links are backed by 8 dated sources, 3 of them primary filings (as of 2026-10-17).

Ares shares ran early, gaining 77.8% in 2021, 79.5% in 2023 and 52.7% in 2024, before falling 6.2% in 2025 and 25.0% through October 9, 2026. Operations moved the other way: Q2 2026 AUM and fee-paying AUM each grew 17%, and quarterly fundraising reached a record $36.4 billion. Blackstone fell 23.5% and KKR 32.0% in the same year, making the sector signal stronger than a company-only explanation: rates, private-credit risk and valuation cooled listed managers ahead of their fee earnings. Ares is differentiated by credit at 65% of AUM and data-center finance. Its $1.6 billion commitment to Vantage transmits AI-infrastructure demand into fees and deployment, but the same channel becomes credit risk if tenant cash flow or refinancing weakens. The next test is Vantage tenant concentration and refinancing terms.

## Supply chain (benefiting)
- T1 BlackRock (https://valuechain.wiki/blackrock.md)
- T2 Ross Stores (https://valuechain.wiki/ross-stores.md)
- T3 Federal Realty Investment Trust (https://valuechain.wiki/federal-realty-investment-trust.md)
- T3 Simon Property Group (https://valuechain.wiki/simon-property-group.md)
- T2 Incyte Corporation (https://valuechain.wiki/incyte.md)
- T2 Microsoft (https://valuechain.wiki/microsoft.md)
- T3 Seagate Technology (https://valuechain.wiki/seagate.md)
- T3 AMD (https://valuechain.wiki/amd.md)
- T3 TSMC (https://valuechain.wiki/tsmc.md)
- T3 Astera Labs (https://valuechain.wiki/astera-labs.md)
- T3 Intel (https://valuechain.wiki/intel.md)
- T3 Marvell (https://valuechain.wiki/marvell.md)
- T3 NVIDIA (https://valuechain.wiki/nvidia.md)
- T3 Quanta Computer (https://valuechain.wiki/quanta.md)
- T3 Credo Technology (https://valuechain.wiki/credo.md)
- T3 Foxconn (Hon Hai) (https://valuechain.wiki/foxconn.md)
- T3 Western Digital (https://valuechain.wiki/western-digital.md)
- T3 Arista Networks (https://valuechain.wiki/arista.md)
- T3 CoreWeave (https://valuechain.wiki/coreweave.md)
- T3 Constellation Energy (https://valuechain.wiki/constellation-energy.md)
- T3 OpenAI (https://valuechain.wiki/openai.md)
- T3 IREN (https://valuechain.wiki/iren.md)
- T3 IonQ (https://valuechain.wiki/ionq.md)
- T3 Wiwynn (https://valuechain.wiki/wiwynn.md)
- T3 Eaton (https://valuechain.wiki/eaton.md)
- T3 Schneider Electric (https://valuechain.wiki/schneider-electric.md)
- T3 GE Vernova (https://valuechain.wiki/ge-vernova.md)
- T3 Vertiv (https://valuechain.wiki/vertiv.md)
- T3 Ciena (https://valuechain.wiki/ciena.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Nebius Group (https://valuechain.wiki/nebius.md)
- T3 Cummins (https://valuechain.wiki/cummins.md)
- T3 Super Micro (https://valuechain.wiki/super-micro.md)
- T3 Sumitomo Electric (https://valuechain.wiki/sumitomo-electric.md)
- T3 ABB (https://valuechain.wiki/abb.md)
- T3 Equinix (https://valuechain.wiki/equinix.md)
- T3 Digital Realty (https://valuechain.wiki/digital-realty.md)
- T3 Brookfield Asset Management Ltd. (https://valuechain.wiki/brookfield.md)
- T3 Automatic Data Processing, Inc. (https://valuechain.wiki/automatic-data-processing.md)
- T3 3M Company (https://valuechain.wiki/3m.md)
- T3 Occidental Petroleum (https://valuechain.wiki/occidental-petroleum.md)
- T3 Take-Two Interactive Software, Inc. (https://valuechain.wiki/take-two-interactive.md)
- T3 Expedia Group, Inc. (https://valuechain.wiki/expedia-group.md)
- T3 WEC Energy Group (https://valuechain.wiki/wec-energy-group.md)
- T3 Legrand (https://valuechain.wiki/legrand.md)
- T2 Altria Group, Inc. (https://valuechain.wiki/altria.md)
- T3 Philip Morris International Inc. (https://valuechain.wiki/philip-morris-international.md)
- T2 Marathon Petroleum Corporation (https://valuechain.wiki/marathon-petroleum.md)
- T3 Archer-Daniels-Midland Company (https://valuechain.wiki/archer-daniels-midland.md)
- T2 Elevance Health, Inc. (https://valuechain.wiki/elevance-health.md)
- T3 CVS Health (https://valuechain.wiki/cvs-health.md)
- T2 Targa Resources Corp. (https://valuechain.wiki/targa-resources.md)
- T2 ONEOK, Inc. (https://valuechain.wiki/oneok.md)
- T3 Apollo Global Management (https://valuechain.wiki/apollo-global-management.md)
- T2 Edwards Lifesciences Corporation (https://valuechain.wiki/edwards-lifesciences.md)
- T3 State Street Corporation (https://valuechain.wiki/state-street.md)
- T3 Becton, Dickinson and Company (https://valuechain.wiki/becton-dickinson.md)
- T2 Public Service Enterprise Group Incorporated (https://valuechain.wiki/public-service-enterprise-group.md)
- T3 Cheryong Electric (https://valuechain.wiki/cheryong-electric.md)
- T3 Taihan Cable & Solution (https://valuechain.wiki/taihan-cable-solution.md)
- T2 Old Dominion Freight Line, Inc. (https://valuechain.wiki/old-dominion.md)
- T2 Zoetis Inc. (https://valuechain.wiki/zoetis.md)
- T2 American Water Works (https://valuechain.wiki/american-water-works.md)
- T3 Kuraray (https://valuechain.wiki/kuraray.md)
- T2 Hubbell Incorporated (https://valuechain.wiki/hubbell-incorporated.md)
- T3 NXP Semiconductors (https://valuechain.wiki/nxp.md)
- T3 Amazon (https://valuechain.wiki/amazon.md)
- T2 Edison International (https://valuechain.wiki/edison-international.md)
- T3 Tesla (https://valuechain.wiki/tesla.md)
- T3 LG Chem (https://valuechain.wiki/lg-chem.md)
- T1 Sumitomo Mitsui Financial Group (https://valuechain.wiki/sumitomo-mitsui-financial-group.md)

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Full node: https://valuechain.wiki/ares-management.md · JSON: https://valuechain.wiki/ares-management.json