Global Alternative Investments
Differentiated Origination and Investment Approach
Ares Management, L.P. (“Ares”) is a publicly traded, leading global alternative asset manager with approximately $80 billion of assets under management ("AUM").(1) Its common units are traded on the New York Stock Exchange under the ticker symbol "ARES". Ares operates four distinct but complementary investment groups that invest in the tradable credit, direct lending, real estate and private equity markets and have the ability to invest in all levels of a company’s capital structure.
Public Entities Managed by Ares
Ares Capital Corporation (“ARCC”) is a specialty finance company that provides one-stop solutions to meet the distinct and underserved financing needs of private middle-market companies across diverse industries. Its common stock is publicly traded on the NASDAQ Global Select Market under the ticker symbol "ARCC". As of September 30, 2014, Ares Capital Corporation is one of the largest business development companies (“BDCs”), with approximately $9.2 billion of total assets.
Ares Commercial Real Estate Corporation (“ACRE”) is a specialty finance company organized as a real estate investment trust (REIT). Its common stock is publicly traded on the New York Stock Exchange under the ticker symbol “ACRE”. ACRE provides one-stop solutions to meet the distinct and underserved financing needs of middle-market commercial real estate, which ACRE generally defines as assets with values of $15-$100 million.
Ares publicly traded funds, Ares Dynamic Credit Allocation Fund (NYSE: ARDC) and Ares Multi-Strategy Credit Fund (NYSE: ARMF), allow retail investors to access the expertise of the Ares platform via closed end funds. Ares affiliates serve as the Investment Adviser.
Visit Ares Publicly Traded Funds Site
Ares Management, L.P. Closes Initial Public Offering of Common Units
Ares Management, L.P. today announced the closing of its initial public offering of 11,363,636 common units representing limited partner interests at a public offering price of $19.00 per common unit. Ares’ common units began trading Friday, May 2, 2014 on the New York Stock Exchange under the ticker symbol “ARES”.
(1) Ares Management, L.P. is the parent to several registered investment advisers, including Ares Management LLC. AUM refers to the assets of the funds, alternative asset companies and other entities and accounts that are managed or co-managed by Ares, including funds managed by Ivy Hill Asset Management, L.P., a wholly owned portfolio company of Ares Capital Corporation (“ARCC”), and a registered investment adviser. Amounts include drawn and undrawn commitments, including certain amounts that are subject to regulatory leverage restrictions and/or borrowing base restrictions. AUM amounts are as of September 30, 2014 and differences may arise due to rounding.
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