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|Founder||Antony Ressler, John Kissick, Michael Arougheti, David Kaplan, and Bennett Rosenthal|
|Headquarters||Los Angeles, United States|
|Products||private capital management|
|Revenue||US$ 1.765 billion (2019)|
|US$ 302.6 million (2019)|
|US$ 148.8 million (2019)|
|AUM||$197 billion (2020) |
|US$ 12.014 billion (2019)|
|US$ 768.2 million (2019)|
Number of employees
Ares Management Corporation (NYSE: ARES) is a global alternative investment manager operating three integrated businesses across credit, private equity and real estate. In 1997, Ares was founded by a veteran team of investment professionals to pursue investment opportunities and deliver flexible capital across all levels of a company's structure and in different market environments. Ares is headquartered in Los Angeles, with additional offices across North America, Europe, and Asia.
The firm reported over $149 billion in assets under management at the end of March 2020. Around 76% of assets ($112.5 billion) are in the credit business, 12% ($22.0 billion) are in private equity, and 9% ($14.1 billion) was in real estate as of last quarter.
It has several subsidiaries:
Ares Capital Corporation established in 2004, provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States. It is a publicly traded closed-end, non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940.
Ares Capital Management LLC, an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation
Ares Management Limited, established in 2006 as an expansion of the Ares business platform into Europe, focused on Ares European capital markets operations. It is authorized under the Financial Conduct Authority (FCA) in the United Kingdom to provide certain investment advisory services. In May 2007, a minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor did not acquire any voting or governance rights via its investment.
In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange. In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn. In May 2016, Ares Management announced to buy asset management company American Capital; the US$3.4 billion deal closed in January 2017.
On 30 January 2020, Ares Management acquired a controlling stake in Hong Kong-based alternative investment firm, SSG Capital. The deal was formally completed on 2 July 2020 and SSG Capital now operates under the name Ares SSG.
Ares' investment activities are conducted through three business platforms: