{"url":"https://nivawealth.com/firms/ares-capital-management-131619","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/131619","regulatoryAum":97616716509,"crd":"131619","secFileNumber":"801-63168","legalName":"Ares Capital Management LLC","displayName":"Ares Capital Management","website":null,"founded":null,"organization":"Delaware limited liability company","fiscalYearEnd":"December","headquarters":{"street":"1800 Avenue of the Stars, Suite 1400","city":"Los Angeles","state":"CA","stateName":"California","country":"United States","postalCode":"90067"},"tradeNames":[],"registration":{"secApproved":"18 May 2004","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":634,"advisory":411,"brokerDealerReps":49,"insuranceAgents":0,"promoters":6},"aum":{"discretionary":91277314453,"discretionaryAccounts":51,"nonDiscretionary":6339402056,"nonDiscretionaryAccounts":6,"wrapProgram":null,"nonUsClientsPct":40,"nonAumClients":0},"clientTypes":[{"label":"Banking or thrift institutions","clients":null,"regulatoryAum":2200837489},{"label":"Business development companies","clients":2,"regulatoryAum":53944138112},{"label":"Pooled investment vehicles","clients":37,"regulatoryAum":31377117512},{"label":"State or municipal government entities","clients":null,"regulatoryAum":405014433},{"label":"Other investment advisers","clients":null,"regulatoryAum":1023250912},{"label":"Insurance companies","clients":7,"regulatoryAum":2601885927},{"label":"Sovereign wealth funds and foreign official institutions","clients":null,"regulatoryAum":5057506670},{"label":"Other","clients":null,"regulatoryAum":1006965454}],"fees":[],"feeNotes":[],"custodians":[{"name":"State Street Bank and Trust Company","shortName":"State Street Bank and Trust","location":"Boston, MA","smaAssets":7413780310},{"name":"Bank of New York Mellon","shortName":"Bank of New York Mellon","location":"Houston, TX","smaAssets":3179348066}],"custodyNote":"Ares Capital Management has custody of $55.17B for 40 clients.","otherCustodians":[],"leadership":[{"name":"Michael Arougheti","title":"Chief Executive Officer","crd":"2735734"},{"name":"Robert Deveer","title":"Co-President","crd":"4510479"},{"name":"Blair Jacobson","title":"Co-President","crd":"2590352"},{"name":"Bennett Rosenthal","title":"Vice President","crd":"2818358"},{"name":"Naseem Sagati Aghili","title":"General Counsel, Vice President and Secretary","crd":"6916957"},{"name":"Jarrod PHILLIPS","title":"Chief Financial Officer","crd":"4571579"},{"name":"Richa Gulati","title":"Chief Compliance Officer","crd":"5502357"},{"name":"Antony Ressler","title":"Executive Chairman","crd":"1878120"}],"ownership":[{"label":"Ares Management LLC","detail":"Member in the 75% or more ownership band and a control person, since April 2004."},{"label":"Antony Ressler","detail":"Indirect owner: a limited partner of Ares Owners Holdings L.P. in the 25% to 50% band and a control person, since January 2002.","parent":"Ares Owners Holdings L.P."},{"label":"Ares Management Holdings L.P.","detail":"Indirect owner: a member of Ares Management LLC in the 75% or more band and a control person, since December 2010.","parent":"Ares Management LLC"},{"label":"Ares Holdings L.P.","detail":"Indirect owner: a limited partner of Ares Management Holdings L.P. in the 75% or more band and a control person, since December 2010.","parent":"Ares Management Holdings L.P."},{"label":"Ares Owners Holdings L.P.","detail":"Indirect owner: a limited partner of Ares Holdings L.P. in the 25% to 50% band and a control person, since May 2007.","parent":"Ares Holdings L.P."},{"label":"Ares Holdco LLC","detail":"Indirect owner: a general partner of Ares Holdings L.P. in the 50% to 75% band and a control person, since July 2016. Also general partner of Ares Management Holdings L.P. and a control person, since July 2016.","parent":"Ares Holdings L.P."},{"label":"Ares Partners Holdco LLC","detail":"Indirect owner: general partner of Ares Owners Holdings L.P. and a control person, since May 2014.","parent":"Ares Owners Holdings L.P."},{"label":"Ares Management Corporation","detail":"Indirect owner: a member of Ares Holdco LLC in the 75% or more band and a control person, since March 2021.","parent":"Ares Holdco LLC"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":10,"privateResidences":0},"listedOfficeAddresses":8,"officesByState":[{"state":"California","offices":1,"addresses":[{"street":"1800 Avenue of the Stars, Suite 1400","city":"Los Angeles","headquarters":true}]},{"state":"Colorado","offices":1,"addresses":[{"street":"1200 17th Street","city":"Denver"}]},{"state":"Florida","offices":1,"addresses":[{"street":"1759 Purdy Avenue","city":"Miami Beach"}]},{"state":"Georgia","offices":1,"addresses":[{"street":"One Buckhead Plaza","city":"Atlanta"}]},{"state":"Illinois","offices":2,"addresses":[{"street":"71 South Wacker Drive","city":"Chicago"},{"street":"102 W. Mill","city":"Waterloo"}]},{"state":"Massachusetts","offices":1,"addresses":[{"street":"265 Franklin Street","city":"Boston"}]},{"state":"New York","offices":1,"addresses":[{"street":"245 Park Avenue","city":"New York"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"310-201-4100","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for investment companies","Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Non-exchange-traded equity securities","percent":1},{"label":"Cash and cash equivalents","percent":5},{"label":"Other","percent":94,"detail":"Corporate Loans and Debt Investments"}],"privateFunds":34},"sources":{"adv1FilingDate":"26 August 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/131619/PDF/131619.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Ares Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Ares Capital Management offer?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Ares Capital Management use?","answer":"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","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Ares Capital Management have?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Ares Capital Management invest in?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Ares Capital Management?","answer":"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","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Ares Capital Management get paid?","answer":"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","sourceRef":{"doc":"adv1","section":"employees"}}],"holdings":null,"notice":"Compiled from public SEC Form ADV filings on the dates in `sources`. Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}