Clients
Ares Capital Management serves 46 clients, 37 of them pooled investment vehicles. The average client has about $2.12 billion with the firm.
- Banking or thrift institutions2%
- Business development companies2 clients55%
- Pooled investment vehicles37 clients32%
- Insurance companies7 clients3%
- Sovereign wealth funds and foreign official institutions5%
- OtherState or municipal government entities, Other investment advisers, Other2%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Banking or thrift institutions | Not reported | $2,200,837,489 | 2.3% | — |
| Business development companies | 2 | $53,944,138,112 | 55.3% | $26.97B |
| Pooled investment vehicles | 37 | $31,377,117,512 | 32.1% | $848.0M |
| State or municipal government entities | Not reported | $405,014,433 | 0.4% | — |
| Other investment advisers | Not reported | $1,023,250,912 | 1.0% | — |
| Insurance companies | 7 | $2,601,885,927 | 2.7% | $371.7M |
| Sovereign wealth funds and foreign official institutions | Not reported | $5,057,506,670 | 5.2% | — |
| Other | Not reported | $1,006,965,454 | 1.0% | — |
| Total | 46 | $97,616,716,509 | 100% | $2.12B |
- Clients
- Not reported
- Regulatory AUM
- $2,200,837,489
- Share
- 2.3%
- Avg. per client
- —
- Clients
- 2
- Regulatory AUM
- $53,944,138,112
- Share
- 55.3%
- Avg. per client
- $26.97B
- Clients
- 37
- Regulatory AUM
- $31,377,117,512
- Share
- 32.1%
- Avg. per client
- $848.0M
- Clients
- Not reported
- Regulatory AUM
- $405,014,433
- Share
- 0.4%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $1,023,250,912
- Share
- 1.0%
- Avg. per client
- —
- Clients
- 7
- Regulatory AUM
- $2,601,885,927
- Share
- 2.7%
- Avg. per client
- $371.7M
- Clients
- Not reported
- Regulatory AUM
- $5,057,506,670
- Share
- 5.2%
- Avg. per client
- —
- Clients
- Not reported
- Regulatory AUM
- $1,006,965,454
- Share
- 1.0%
- Avg. per client
- —
Total
- Clients
- 46
- Regulatory AUM
- $97,616,716,509
- Share
- 100%
- Avg. per client
- $2.12B
What it does
Ares Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions. It is paid through a percentage of assets and performance-based fees.
Ares Capital Management advises 34 private funds.
93.5% of assets ($91.28B across 51 accounts) are managed with discretion; $6.34B across 6 accounts are not. 40% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks1%
- Cash5%
- Other94%
- Corporate loans and debt investments94%
Custodians
Ares Capital Management’s client accounts are held mainly at State Street Bank and Trust, with 8% of managed assets, and Bank of New York Mellon, with 3%. Ares Capital Management has custody of $55.17B for 40 clients.
- State Street Bank and TrustState Street Bank and Trust Company · Boston, MA · $7.41B8%
- Bank of New York MellonBank of New York Mellon · Houston, TX · $3.18B3%
- All other custodians$87.02B89%
Ownership and leadership
Ares Management LLC owns 75% or more of Ares Capital Management, and Michael Arougheti is its CEO.
- Owns 75% or more of Ares Capital Management LLC
Ares Management LLC
Control person · since April 2004
- Owns 75% or more of Ares Management LLC
Ares Management Holdings L.P.
Control person · since December 2010
- Owns 75% or more of Ares Management Holdings L.P.
Ares Holdings L.P.
Control person · since December 2010
- Owns 50% to 75% of Ares Holdings L.P.
Ares Holdco LLC
Control person · since July 2016
- Owns 75% or more of Ares Holdco LLC
Ares Management Corporation
Control person · since March 2021
- Owns 25% to 50% of Ares Holdings L.P.
Ares Owners Holdings L.P.
Control person · since May 2007
- Owns 25% to 50% of Ares Owners Holdings L.P.
Antony Ressler
Control person · since January 2002
Ares Partners Holdco LLC
General partner · Control person · since May 2014
Leadership
- Michael AroughetiChief Executive Officer
- Robert DeveerCo-President
- Blair JacobsonCo-President
- Bennett RosenthalVice President
- Naseem Sagati AghiliGeneral Counsel, Vice President and Secretary
- Jarrod PHILLIPSChief Financial Officer
- Richa GulatiChief Compliance Officer
- Antony ResslerExecutive Chairman
Staff
- 634 employees
- 411 in advisory functions
- 49 broker-dealer reps
- 6 soliciting firms
Fees
Ares Capital Management is paid through a percentage of assets under management and performance-based fees.
Ares Capital Management’s fee rates are not included in this profile. Find its brochure on the SEC’s site.
Offices and registrations
Besides its headquarters, Ares Capital Management has 10 offices, with 8 listed addresses across 7 states.
Illinois · 2 listed addresses
- 71 South Wacker Drive, Chicago
- 102 W. Mill, Waterloo
California · 1 listed address
- 1800 Avenue of the Stars, Suite 1400, Los AngelesHQ
Colorado · 1 listed address
- 1200 17th Street, Denver
Florida · 1 listed address
- 1759 Purdy Avenue, Miami Beach
Georgia · 1 listed address
- One Buckhead Plaza, Atlanta
Massachusetts · 1 listed address
- 265 Franklin Street, Boston
New York · 1 listed address
- 245 Park Avenue, New York
Registration details
- Legal name
- Ares Capital Management LLC
- Headquarters
- 1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067
- Phone
- 310-201-4100
- Website
- Not reported
- SEC file
- 801-63168
- Structure
- Delaware LLC
- Fiscal year end
- December
This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov
Common questions
How many clients does Ares Capital Management have?
Ares Capital Management has 46 clients and manages $97.6 billion for them, as of August 2026. They include 37 pooled investment vehicles, 7 insurance companies and 2 business development companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Ares Capital Management offer?
Ares Capital Management provides portfolio management for investment companies, portfolio management for pooled vehicles and portfolio management for institutions.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
Which custodians does Ares Capital Management use?
Ares Capital Management’s separately managed account assets are held at State Street Bank and Trust Company (Boston, MA), with $7,413,780,310 and Bank of New York Mellon (Houston, TX), with $3,179,348,066. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 26 August 2026
How many financial advisors does Ares Capital Management have?
Ares Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 634 employees, and 411 perform investment advisory functions. 49 are registered representatives of a broker-dealer and 0 are licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Ares Capital Management invest in?
At the end of its last fiscal year, Ares Capital Management’s separately managed accounts held 94% corporate loans and debt investments, 5% cash and equivalents and 1% non-exchange-traded equities. It advises 34 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Ares Capital Management?
Ares Capital Management is owned through a chain of holding companies by Antony Ressler and Ares Management Corporation. Its direct owner is Ares Management LLC (75% or more).
Source: Form ADV Part 1A, Schedules A and B, filed 26 August 2026
How does Ares Capital Management get paid?
Ares Capital Management is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
