Clients
Ares Capital Management II serves 28 clients, 17 of them pooled investment vehicles. The average client has about $701 million with the firm.
- Investment companies10 clients43%
- Business development companies1 clients18%
- Pooled investment vehicles17 clients38%
- Other1%
Show client breakdownHide client breakdown
| Client type | Clients | Regulatory AUM | Share | Avg. per client |
|---|---|---|---|---|
| Investment companies | 10 | $8,532,912,995 | 43.5% | $853.3M |
| Business development companies | 1 | $3,455,029,000 | 17.6% | $3.46B |
| Pooled investment vehicles | 17 | $7,509,464,453 | 38.2% | $441.7M |
| Other | Not reported | $140,587,304 | 0.7% | — |
| Total | 28 | $19,637,993,752 | 100% | $701.4M |
- Clients
- 10
- Regulatory AUM
- $8,532,912,995
- Share
- 43.5%
- Avg. per client
- $853.3M
- Clients
- 1
- Regulatory AUM
- $3,455,029,000
- Share
- 17.6%
- Avg. per client
- $3.46B
- Clients
- 17
- Regulatory AUM
- $7,509,464,453
- Share
- 38.2%
- Avg. per client
- $441.7M
- Clients
- Not reported
- Regulatory AUM
- $140,587,304
- Share
- 0.7%
- Avg. per client
- —
Total
- Clients
- 28
- Regulatory AUM
- $19,637,993,752
- Share
- 100%
- Avg. per client
- $701.4M
What it does
Ares Capital Management II 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 II advises no private funds.
97.7% of assets ($19.19B across 26 accounts) are managed with discretion; $446.8M across 3 accounts are not. 52% of clients are outside the U.S., and 0 clients received advice without assets under management last fiscal year.
What the accounts hold
- Stocks1%
- Bonds97%
- High-yield corporate bonds95%
- Investment grade corporate bonds2%
- Cash2%
Custodians
Ares Capital Management II’s client accounts are held mainly at Caceis, with 1% of managed assets. Ares Capital Management II has custody of $997.8M for 7 clients.
- CaceisCaceis · Luxembourg · $140.6M1%
- All other custodians$19.50B99%
Ownership and leadership
Ares Management LLC owns 75% or more of Ares Capital Management II, and Michael Arougheti is its CEO.
- Owns 75% or more of Ares Capital Management II LLC
Ares Management LLC
Control person · since March 2011
- 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
- Jarrod PHILLIPSVice President and Assistant Treasurer
- Naseem Sagati AghiliGeneral Counsel, Vice President and Corporate Secretary
- Richa GulatiChief Compliance Officer
- Antony ResslerExecutive Chairman
Staff
- 924 employees
- 597 in advisory functions
- 2 state-registered reps
- 62 broker-dealer reps
Fees
Ares Capital Management II is paid through a percentage of assets under management and performance-based fees.
Ares Capital Management II’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 II has 22 offices, with 12 listed addresses across 10 states.
Florida · 2 listed addresses
- 1759 Purdy Avenue, Miami Beach
- 999 Vanderbilt Beach Road, Naples
Illinois · 2 listed addresses
- 102 W. Mill, Waterloo
- 71 South Wacker Drive, Chicago
California · 1 listed address
- 1800 Avenue of the Stars, Suite 1400, Los AngelesHQ
Colorado · 1 listed address
- 1200 17th Street, Denver
Connecticut · 1 listed address
- 65 Memorial Road, West Hartford
Georgia · 1 listed address
- 3060 Peachtree Road, Atlanta
Massachusetts · 1 listed address
- 265 Franklin Street, Boston
New York · 1 listed address
- 245 Park Avenue, New York
Texas · 1 listed address
- 2601 Olive Street, Dallas
Virginia · 1 listed address
- 4300 Wilson Boulevard, Arlington
Registration details
- Legal name
- Ares Capital Management II LLC
- Headquarters
- 1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067
- Phone
- 310-201-4100
- Website
- Not reported
- SEC file
- 801-72399
- 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 II have?
Ares Capital Management II has 28 clients and manages $19.6 billion for them, as of August 2026. They include 17 pooled investment vehicles, 10 investment companies and 1 business development companies.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 26 August 2026
What services does Ares Capital Management II offer?
Ares Capital Management II 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 II use?
Ares Capital Management II’s separately managed account assets are held at Caceis (Luxembourg), with $140,587,304. 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 II have?
Ares Capital Management II has 2 investment adviser representatives registered with state securities authorities, out of 924 employees, and 597 perform investment advisory functions. 62 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 II invest in?
At the end of its last fiscal year, Ares Capital Management II’s separately managed accounts held 95% high-yield corporate bonds, 2% investment grade corporate bonds, 2% cash and equivalents and 1% non-exchange-traded equities. It advises no private funds of its own.
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 II?
Ares Capital Management II 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 II get paid?
Ares Capital Management II 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