Offers Individual Investors Access to a Diverse
Portfolio of Leading Private Equity Sponsors’ Fund Investments to
Complement Ares’ Existing Alternative Investment Products
Fund Is Led by Ares’ Secondary Solutions Group
and Distributed through Ares Wealth Management Solutions
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading
global alternative investment manager, announced today the launch
of Ares Private Markets Fund (the “Fund”), a new registered,
continuously offered, non-traded, closed-end fund that intends to
invest in an actively managed portfolio of private equity and other
private assets principally through secondary market fund
investments, and, to a lesser degree, primary fund investments and
direct co-investments. The Fund has been launched with more than
$250 million in initial capital, including investments from two
significant institutional investors as well as a $75 million
investment directly from Ares.
Leveraging the strength of the global Ares platform and the
depth of Ares’ Secondary Solutions Group, the Fund intends to
invest in a diversified portfolio of private equity fund stakes
backed by leading private equity sponsors in both the U.S. and
Europe. Through Landmark Partners, Ares’ Secondary Solutions Group
has a 30-year track record and is one of the largest and most
experienced investors in acquiring secondary private fund ownership
stakes in the alternative asset management industry. Ares’
Secondaries Solutions has more than 75 dedicated investment and
research professionals and over $22 billion in assets under
management, as of December 31, 2021.
The Fund will be distributed through Ares Wealth Management
Solutions (“AWMS”) and will be available through registered
investment advisors and financial advisors across the U.S.
“We are excited to announce our latest fund, which provides
individual investors access to fund investments from many leading
private equity sponsors,” said Michael Arougheti, Chief Executive
Officer and President of Ares. “Through the Fund and the strength
of our global alternative investment platform, we believe we are
well positioned to address the growing retail demand for attractive
alternative products in today’s market environment. We are also
pleased with the positive response and strong initial support for
the Fund from two significant institutional investors that are
investing substantial capital alongside Ares.”
“This latest product combines Ares’ leading secondary investment
capabilities and global distribution platform to create an
attractive portfolio diversification option for high net worth
retail investors,” said Raj Dhanda, Partner and Global Head of Ares
Wealth Management Solutions. “With complementary perpetual capital
offerings across the credit, real estate and private equity asset
classes, Ares now offers individual investors access to the breadth
of our investment platform that our institutional investors have
enjoyed for years.”
“With significant secondary market investing experience spanning
more than three decades, our team is ideally positioned to lead
this investment focus for AWMS,” said Francisco Borges, Partner and
Co-Head of Ares’ Secondary Solutions Group. “This represents an
exciting opportunity to bring our innovative and data-driven
approach to the global wealth management channel. Leveraging the
extensive experience of our investment and quantitative research
teams, we look forward to providing differentiated opportunities to
the retail channel.”
The Fund is a closed-end fund registered under the Investment
Company Act of 1940, as amended, with its common shares registered
under the Securities Act of 1933, as amended. The Fund intends to
qualify as a "regulated investment company" under the Internal
Revenue Code and offer simple 1099 tax reporting to investors. The
Fund offers a single capital call structure through a monthly
subscription process with limited liquidity via quarterly tender
offers for up to 5% of the Fund's net assets.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global
alternative investment manager offering clients complementary
primary and secondary investment solutions across the credit,
private equity, real estate and infrastructure asset classes. We
seek to provide flexible capital to support businesses and create
value for our stakeholders and within our communities. By
collaborating across our investment groups, we aim to generate
consistent and attractive investment returns throughout market
cycles. As of December 31, 2021, Ares Management Corporation's
global platform had approximately 2,100 employees operating across
North America, Europe, Asia Pacific and the Middle East and
approximately $314 billion of assets under management, including
Ares Management’s acquisition of AMP Capital’s Infrastructure Debt
platform which closed February 10, 2022. For more information,
please visit www.aresmgmt.com.
About Ares Wealth Management Solutions
Ares Wealth Management Solutions (AWMS) oversees the product
development, distribution, marketing and client management
activities of investment offerings for the global wealth management
channel. With a team of approximately 100 professionals and backed
by the power and scale of the Ares platform, AWMS represents one of
the most resourced wealth distribution and client service teams in
the alternatives industry. AWMS’ mission is to provide advisors and
their clients access to innovative, solutions-oriented investment
opportunities, across the Ares platform of industry leading credit,
private equity, real estate and secondaries strategies. Through our
range of institutional and retail structures, coupled with
excellent client service and educational resources, we help
investors diversify their portfolios with private market solutions
that seek to deliver consistent, long-term growth.
About Ares Secondary Solutions
The Ares Secondary Solutions Group comprises Landmark Partners’
operations. Landmark Partners, an Ares company is one of the
largest and most experienced investors in acquiring secondary
private fund ownership stakes in the alternative asset management
industry. Through Landmark Partners, we provide bespoke and
customized liquidity solutions across the private equity and
credit, real estate and infrastructure asset classes. With over 30
years of experience in the market, Landmark focuses on generating
attractive risk adjusted returns through its leading industry
analytics and research, robust deal origination, underwriting and
portfolio management activities. As of December 31, 2021, the Ares
Secondary Solutions Group had $22.1 billion in assets under
management with dedicated investment and quantitative research
teams located in six offices across the United States, Europe and
Asia.
Forward-Looking Statements
This communication may contain “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act
of 1995. Statements other than statements of historical facts
included in this communication may constitute forward-looking
statements and are not guarantees of future performance or results
and involve a number of risks and uncertainties. Actual results may
differ materially from those in the forward-looking statements as a
result of a number of factors, including those described from time
to time in filings with the U.S. Securities and Exchange
Commission. Ares undertakes no duty to update any forward-looking
statement made herein. All forward-looking statements speak only as
of the date of this communication.
An investor should consider the Fund’s investment objectives,
risks and fees and expenses carefully before investing. This and
other important information can be found in the Fund’s prospectus,
which an investor can obtain by calling 1.866.324.7348 or by
emailing wmsoperations@aresmgmt.com. You also may get these
documents for free by visiting EDGAR on the SEC website at
www.sec.gov. The Fund's shares are offered for purchase exclusively
through, and subject to the terms of, its prospectus, which should
be read carefully and in its entirety before making any investment
decision. Investors should consult with their financial advisor
about the suitability of the Fund for their portfolio.
IMPORTANT NOTE ON INVESTOR ELIGIBILITY: Please note that the
Fund will sell its shares only to eligible investors that are both
“accredited investors,” as defined in Section 501(a) of Regulation
D under the Securities Act of 1933, as amended, and “qualified
clients” as defined in Rule 205-3 under the Investment Advisers Act
of 1940, as amended. The qualifications required to invest in the
Fund will appear in subscription documents that must be completed
by each prospective investor.
An investment in the Fund involves a high degree of risk and
therefore should only be undertaken by qualified investors whose
financial resources are sufficient to enable them to assume these
risks and to bear the loss of all or part of their investment. The
Fund and Ares do not guarantee any level of return or risk on
investments and there can be no assurance that the Fund’s
investment objective will be achieved.
An investment in the Fund should be considered illiquid. An
investment in the Fund is not suitable for investors who need
access to the money they invest. Although the Fund may offer to
repurchase a limited amount of its shares via quarterly tender
offers, the Fund’s shares will not be redeemable, transferable or
otherwise exchangeable at an investor’s option. As a result, an
investor may not be able to sell or otherwise liquidate its shares.
There can be no assurance that the Fund will conduct tender offers
in any particular period and investors may be unable to tender
their shares for repurchase for an indefinite period of time.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220405005964/en/
Carl Drake, +1 888-818-5298 or Jacob Silber, +1 212-301-0376
media@aresmgmt.com
Ares Management (NYSE:ARES)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Ares Management (NYSE:ARES)
Historical Stock Chart
Von Apr 2023 bis Apr 2024