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Ares Management

Ares Management
Leadership team

Mr. David B. Kaplan (Co-Founder, Partner, Co-Chairman of Private Equity Group & Director)

Mr. Bennett Rosenthal (Co-Founder, Partner, Co-Chairman of Private Equity Group & Director)

Products/ Services
Asset Management, Credit, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1997
Company Registration
SEC CIK number: 0001176948
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
NYSE:ARES
Overview
Location
Summary

Ares Management Corporation operates as an alternative asset manager in the United States, Europe, and Asia. The company's Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company's Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets, with a focus on control or majority-control investments; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. The firm was previously known as Ares Management, L.P. Ares Management Corporation was founded in 1997 and is headquartered in Los Angeles, California with additional offices in the United States, Europe and Asia. Ares Management GP LLC is the general partner of the company.

History

The firm was established in 1997. The co-founders included Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal. 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 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 January 30, 2020, Ares Management acquired a controlling stake in the Hong Kong-based alternative investment firm, SSG Capital Management. The deal was formally completed on July 2, 2020, and SSG Capital Management now operates under the name Ares SSG.On July 1, 2021, Ares Management announced completion of its acquisition of Black Creek Group's U.S. real estate investment advisory and distribution business.

Mission

Value as a Service. At Coupa we have a higher purpose. From our own operations to what we offer clients, we are focused on one thing: business value. It’s more than how much you paid for something or what a new solution saved. Value is the quantifiable, measurable improvement that a solution or process delivers. It’s explicit, but it isn’t a singular achievement or a moment in time.

Key Team

Mr. Jarrod Morgan Phillips (Partner & CFO)

Mr. Robert Kipp DeVeer III (Partner, Head of Credit Group & Director)

Mr. Antony Peter Ressler (Co-Founder & Exec. Chairman)

Mr. Edwin Wong (Managing Partner & CEO of Ares SSG)

Mr. Sandesh Hegde (Partner, Global Chief Information Officer, Chief Operating Officer & Pres of AOISSC)

Mr. Mark Charles Infanger CPA (MD and Chief Accounting Officer for Fin., Accounting & Operations)

Mr. Carl G. Drake C.F.A. (Partner, Head of Public Markets Investor Relations & Corp. Communications)

References
Ares Management
Leadership team

Mr. David B. Kaplan (Co-Founder, Partner, Co-Chairman of Private Equity Group & Director)

Mr. Bennett Rosenthal (Co-Founder, Partner, Co-Chairman of Private Equity Group & Director)

Products/ Services
Asset Management, Credit, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Chicago, Illinois, United States
Established
1997
Company Registration
SEC CIK number: 0001176948
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
NYSE:ARES