Ares Capital Management LLC (Los Angeles)

Name: Ares Capital Management LLC
Address: 2000 Avenue Of The Stars, Los Angeles, CA, 90067 4733
Telephone: 310-201-4100

Ares Capital Management LLC is a large advisory firm based in Los Angeles. It manages $32.29 billion of regulatory assets for 23 client accounts. It has been registered with the SEC as an adviser since 2004 and has operated in the jurisdictions of California, Colorado, Delaware, and 5 other states.

Ares Capital Management provides portfolio management for investment companies, portfolio management for pooled investment vehicles, and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ares Capital Management: assets under management

The assets under management (AUM) of Ares Capital Management LLC is $32.29 billion. The firm's AUM has grown by 20262% since the beginning of its operation, and $9.56 billion of the total AUM is attributable to clients outside of the United States.

The firm manages $25.71 billion in discretionary accounts and $6.58 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $1.35 billion each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $1.65 billion.

Ares Capital Management has custody of $7.51 billion in cash and securities for 9 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in other assets the most. They account for 96% of the total AUM. The second-largest asset type is cash and cash equivalents, which make up 4% of the firm’s portfolio.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ares Capital Management LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Antony Peter Ressler serves?

The firm provides services to insurance companies, pooled investment vehicles, and business development companies. The largest group of clients of Antony Peter Ressler is business development companies with 1 clients and $12.89 billion of assets under management. Among the 8 most similar advisory firms, Ares Capital Management has the highest percentage of business development companies out of all clients.

The amount of regulatory assets under management is $26.3 billion for 17 clients. 48% of the firm’s clients are foreign persons or businesses.

Ares Capital Management also advises several private funds. Namely, ten hedge funds and one other private fund. The minimum investment commitment required of non-related persons ranges from $0 to $25,000,000.

Careers at Ares Capital Management LLC

The company employs 194 people that are either part- or full-time employees. 73 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Antony Peter Ressler has been acting as President since 1 Jul 2004. Robert Kipp Deveer joined the executive team most recently as the President.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ares Management Llc	Member	1 Apr 2004	75% - 100%	130074
Bennett Rosenthal	Vice president	1 Apr 2004	Other	2818358
Antony Peter Ressler	President	1 Apr 2004	Other	1878120
David Allan Sachs	Vice president	1 Apr 2004	Other	1088579
John Harold Kissick	Vice president	1 Apr 2004	Other	270968
Kevin Andrew Frankel	General counsel	1 Apr 2004	Other	4749538
Daniel Fenno Nguyen	Chief financial officer	1 Apr 2004	Other	4749539
Antony Peter Ressler	President	1 Jul 2004	Other	1878120
Michael J Arougheti	Vice president	1 Jul 2004	Other	2735734
Michael L. Smith	Managing director	1 Jul 2004	Other	4534440
Robert Kipp Deveer	Managing director	1 Jul 2004	Other	4510479
Mitchell Scott Goldstein	Managing director	1 May 2005	Other	2383425
Eric Blair Beckman	Managing director	1 Jul 2005	Other	1072538
Richard Scott Davis	Vice president	1 Jun 2006	Other	5285711
Michael Daniel Weiner	Vice president, general counsel and secretary	1 Sep 2006	Other	4698763
Hue Hung Nguyen	Chief compliance officer	1 Dec 2006	Other	5285721
Michael Daniel Weiner	Vice president, chief legal officer and secretary	1 Dec 2006	Other	4698763
Richard Scott Davis	Vice president	1 Dec 2006	Other	5285711
Karen Anne Tallman	Chief compliance officer	1 Jun 2007	Other	5376383
Anthony Stanton Dell	Chief compliance officer	1 Aug 2011	Other	2699043
Michael Robert Mcferran	Vice president, chief financial officer and treasurer	1 Mar 2015	Other	5529178
Michael J (Mi Only) Arougheti	Co-president	1 Sep 2017	Other	2735734
Miriam Goldsmith Krieger	Chief compliance officer	1 Sep 2017	Other	6028814
Penelope Facemire Roll	Vice president, chief financial officer. and treasurer	1 Sep 2017	Other	4374072
Robert Kipp Deveer	Co-president	1 Sep 2017	Other	4510479
Antony Peter Ressler	Chief executive officer	1 Jan 2018	Other	1878120
Antony Peter Ressler	Executive chairman	1 Jun 2018	Other	1878120
Michael J (Mi Only) Arougheti	Chief executive officer	1 Jun 2018	Other	2735734
Robert Kipp Deveer	President	1 Jun 2018	Other	4510479

Indirect Owners

The SEC currently registers 20 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Antony Peter Ressler	Member	1 Jan 2002	25% - 50%	1878120
Llc Ares Partners Management Company	Member	1 Jan 2002	75% - 100%	01-0605009
Ares Holdings Inc.	Member	1 May 2007	25% - 50%	26-0198141
Ares Owners Holding L.P.	Member	1 May 2007	50% - 75%	01-0605009
Ares Owners Holdings L.P.	Limited partner	1 May 2007	50% - 75%	01-0605009
Llc Ares Partners Management Company	Member	1 May 2007	50% - 75%	01-0605009
Ares Holdings Llc	Member	1 May 2007	75% - 100%	26-0198197
Ares Management Holdings L.P.	Member	1 Dec 2010	75% - 100%	27-207-8839
Ares Holdings L.P.	Member	1 Dec 2010	75% - 100%	26-0198197
Ares Holdings Llc	Member	1 Dec 2010	75% - 100%	26-0198197
Ares Management Holdings Llc	Member	1 Dec 2010	75% - 100%	27-207-8839
L.P. Ares Management	Shareholder	1 May 2014	75% - 100%	80-0962035
Ares Partners Holdco Llc	General partner	1 May 2014	Other	46-5192240
Ares Management Lp	Sole shareholder	1 May 2014	Other	80-0962035
Ares Management Corporation	Sole shareholder	1 May 2014	Other	80-0962035
Ares Investments Lp	Member	1 May 2014	50% - 75%	20-8018928
Ares Holdco Llc	Member/general partner	1 May 2014	Other	30-0880125
Ai Holdco Llc	Member/general partner	1 May 2014	Other	38-3977442
Ares Holdco Llc	General partner	1 Jul 2016	25% - 50%	30-0880125
Ares Holdings Inc	Member	1 Jul 2016	75% - 100%	20-0198141

Based in Los Angeles

The principal office where Ares Capital Management LLC performs its advisory services is located at 2000 Avenue Of The Stars, Los Angeles, CA 90067 4733, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-201-4100. The normal business hours are 8am-5pm pacific time on Monday - Friday. You can find more information about the New York firm at arescapitalcorp.com.