Ares Capital Management Llc
- Regulatory AUM
- $97.6B
- Discretionary
- $91.3B
- Clients
- 46
- Avg AUM / client
- $2.1B
- Accounts
- 57
- Employees
- 634
AUM over time
Annual snapshots from Form ADV filings · as of May 27, 2026
Asset allocation (SMA assets by investment type)
as of May 27, 2026Share of SMA assets by investment vehicle type, as filed in Form ADV Item 5.K. Dollar figures are percentages applied to total regulatory AUM.
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Banking or thrift institutions | Fewer than 5 clients | $2.2B | 2.25% |
| Business development companies | 2 | $53.9B | 55.3% |
| Pooled investment vehicles (non-investment companies) | 37 | $31.4B | 32.1% |
| State or municipal government entities | Fewer than 5 clients | $405M | 0.41% |
| Other investment advisers | Fewer than 5 clients | $1.0B | 1.05% |
| Insurance companies | 7 | $2.6B | 2.67% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $5.1B | 5.18% |
| Other | Fewer than 5 clients | $1.0B | 1.03% |
Private funds (31)
View all →Reported in Form ADV Section 7.B.(1), filing of Aug 2024 · $31.3B combined gross assets
People (7)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ressler, Antony, Peter | Executive Chairman | Jan 2002 (25y) | ≈ 2.64% – 25% via Ares Owners Holdings L.P. | |
| Rosenthal, Bennett | Vice President | Apr 2004 (22y) | Less than 5% | |
| Arougheti, Michael, J (Mi Only) | Chief Executive Officer | Jun 2018 (8y) | Less than 5% | |
| Deveer, Robert, Kipp | President | Jun 2018 (8y) | Less than 5% | |
| Sagati Aghili, Naseem, Sera | General Counsel, Vice President And Secretary | Jan 2020 (7y) | Less than 5% | |
| Roll, Penelope, Facemire | Chief Compliance Officer | Mar 2024 (2y) | Less than 5% | |
| Phillips, Jarrod, M | Chief Financial Officer | Jun 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ares Management Llc | Member | Apr 2004 | A | 75% or more |
| Ares Management Holdings L.P. | Member | Dec 2010 | B | ≈ 56.25% – 100% via Ares Management Llc |
| Ares Holdings L.P. | Limited Partner | Dec 2010 | B | ≈ 42.19% – 100% via Ares Management Holdings L.P. |
| Ares Management Corporation | Member | Mar 2021 | B | ≈ 15.82% – 75% via Ares Holdco Llc |
| Ares Holdco Llc | General Partner | Jul 2016 | B | ≈ 21.09% – 75% via Ares Holdings L.P. |
| Ares Owners Holdings L.P. | Limited Partner | May 2007 | B | ≈ 10.55% – 50% via Ares Holdings L.P. |
| Ares Partners Holdco Llc | General Partner | May 2014 | B | GP / trustee / elected manager of Ares Owners Holdings L.P. (indirect) |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Ressler, Antony, Peter: 25% – 50% of Ares Owners Holdings L.P. × 25% – 50% of Ares Holdings L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 2.64% – 25% of the firm
- Ares Management Holdings L.P.: 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 56.25% – 100% of the firm
- Ares Holdings L.P.: 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 42.19% – 100% of the firm
- Ares Management Corporation: 75% – 100% of Ares Holdco Llc × 50% – 75% of Ares Holdings L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 15.82% – 75% of the firm
- Ares Holdco Llc: 50% – 75% of Ares Holdings L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 21.09% – 75% of the firm
- Ares Owners Holdings L.P.: 25% – 50% of Ares Holdings L.P. × 75% – 100% of Ares Management Holdings L.P. × 75% – 100% of Ares Management Llc × 75% – 100% direct ≈ 10.55% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (31, $31.3B gross assets)
Top 25 of 31 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/27/2026 | 24.1 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for investment companies
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $7.4B (8% of AUM) May 2026
- BNY Mellon $3.2B (3% of AUM) May 2026
- Northern Trust $1.8B (3% of AUM) Feb 2024
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: May 27, 2026.
View current Form ADV (SEC/IAPD) ↗