Ares Management Llc
- Regulatory AUM
- $459B
- Discretionary
- $434B
- Clients
- 702
- Avg AUM / client
- $654M
- Accounts
- 715
- Employees
- 3,990
AUM over time
Annual snapshots from Form ADV filings · as of May 26, 2026
Asset allocation (SMA assets by investment type)
as of May 26, 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 |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 655 | $404B | 88.0% |
| Pension and profit sharing plans | 13 | $4.9B | 1.07% |
| Other investment advisers | Fewer than 5 clients | $236M | 0.05% |
| Insurance companies | 27 | $40.3B | 8.79% |
| Sovereign wealth funds and foreign official institutions | Fewer than 5 clients | $5.7B | 1.25% |
| Corporations and other businesses | Fewer than 5 clients | $1.1B | 0.24% |
| Other | 7 | $2.9B | 0.64% |
Private funds (499)
View all →Reported in Form ADV Section 7.B.(1), filing of Dec 2024 · $284B combined gross assets
Retirement plan clients
Plans that reported this firm as an investment service provider on Form 5500 Schedule C.
| Plan | Location | Plan year |
|---|---|---|
| Plumbers And Steamfitters Local 102 Pension Plan Plumbers & Steamfitters Local Union No. 102 | 2024 | |
| Nokia Savings/401(k) Plan Nokia Of America Corporation | 2024 | |
| Sheet Metal Workers Local 224 Pension Fund Sheet Metal Workers Local 224 Pension Fund Bd Of Trustees | 2024 | |
| Retirement Plan For Employees Of Aetna Inc. Aetna Inc. | 2024 | |
| New York Hotel Trades Council And Hotel Association Of New York City, Inc. Pension Fund Board Of Trustees | 2024 | |
| Atlanta Plumbers & Steamfitters Pension Fund Atlanta Plumbers & Steamfitters Pension Fund | 2024 |
People (9)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Ressler, Antony, Peter | Co Founder And Executive Chairman | Jan 2002 (25y) | ≈ 3.52% – 25% via Ares Owners Holdings, L.P. | |
| Arougheti, Michael, J (Mi Only) | Co Founder, Chief Executive Officer And President | Jan 2018 (9y) | Less than 5% | |
| Berry, Ryan, James Barclay | Chief Marketing And Strategy Officer | Jan 2019 (8y) | Less than 5% | |
| Sagati Aghili, Naseem, Sera | General Counsel And Corporate Secretary | Jan 2020 (7y) | Less than 5% | |
| Deveer, Robert, Kipp | Head Of Credit Group | Mar 2024 (2y) | Less than 5% | |
| Kaplan, David, Benjamin | Co Founder | Mar 2024 (2y) | Less than 5% | |
| Phillips, Jarrod, M | Chief Financial Officer | Mar 2024 (2y) | Less than 5% | |
| Roll, Penelope, Facemire | Chief Compliance Officer | Mar 2024 (2y) | Less than 5% | |
| Rosenthal, Bennett | Co Founder And Chairman Of Private Equity Group | Mar 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Ares Management Holdings L.P. | Member | Dec 2010 | A | 75% or more |
| Ares Holdings, L.P. | Limited Partner | Dec 2010 | B | ≈ 56.25% – 100% via Ares Management Holdings L.P. |
| Ares Management Corporation | Member | Mar 2021 | B | 75% or more of Ares Holdco Llc (indirect) |
| Ares Owners Holdings, L.P. | Limited Partner | May 2007 | B | ≈ 14.06% – 50% via Ares Holdings, L.P. |
| Ares Holdco Llc | General Partner | Jul 2016 | B | GP / trustee / elected manager of Ares Management Holdings L.P. (indirect) |
| 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% direct ≈ 3.52% – 25% of the firm
- Ares Holdings, L.P.: 75% – 100% of Ares Management Holdings L.P. × 75% – 100% direct ≈ 56.25% – 100% 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% direct ≈ 14.06% – 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 (499, $284B gross assets)
Top 25 of 499 funds by gross assets · all funds
From Form ADV Section 7.B private fund reporting.
Retirement plans served (6)
| Plan | Sponsor | Participants | Plan assets | As of |
|---|---|---|---|---|
| Plumbers And Steamfitters Local 102 Pension Plan | Plumbers & Steamfitters Local Union No. 102 | 430 | $105M | 07/01/2024 |
| Nokia Savings/401(k) Plan | Nokia Of America Corporation | 6,331 | $9.8B | 01/01/2024 |
| Sheet Metal Workers Local 224 Pension Fund | Sheet Metal Workers Local 224 Pension Fund Bd Of Trustees | 297 | $76.3M | 01/01/2024 |
| Retirement Plan For Employees Of Aetna Inc. | Aetna Inc. | 9,117 | $5.2B | 01/01/2024 |
| New York Hotel Trades Council And Hotel Association Of New York City, Inc. Pension Fund | Board Of Trustees | 27,574 | $2.6B | 01/01/2024 |
| Atlanta Plumbers & Steamfitters Pension Fund | Atlanta Plumbers & Steamfitters Pension Fund | 2,639 | $452M | 01/01/2024 |
From Form 5500 service-provider disclosures.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 05/26/2026 | 160 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
Allegations: THE SEC ALLEGED THAT, IN 2016, REGISTRANT'S WRITTEN POLICIES AND PROCEDURES REGARDING THE PREVENTION OF MISUSE OF POTENTIALLY MATERIAL NONPUBLIC INFORMATION WERE NOT SUFFICIENTLY IMPLEMENTED AND ENFORCED IN CERTAIN CIRCUMSTANCES WHEN REGISTRANT HAD AN EMPLOYEE SERVING ON THE BOARD OF DIRECTORS OF A PUBLIC COMPANY IN WHICH ONE OF REGISTRANT'S FUNDS WAS INVESTED. PURSUANT TO AN OFFER OF SETTLEMENT, THE SEC FOUND, AND THE REGISTRANT NEITHER ADMITTED NOR DENIED, THAT THE REGISTRANT VIOLATED SECTIONS 204A AND 206(4) OF THE INVESTMENT ADVISERS ACT OF 1940 AND RULE 206(4)-7 THEREUNDER. Status: Final Sanction Detail: THE ORDER IMPOSES A CIVIL PENALTY OF $1 MILLION TO BE PAID WITHIN 14 DAYS OF THE ORDER. Summary: THE SEC ADMINISTRATIVE ORDER IS FINAL. THE CIVIL PENALTY WAS PAID WITHIN 14 DAYS OF THE ENTRY OF THE ORDER.
Disclosure text reproduced verbatim from the firm's own Form ADV filings.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- BNY Mellon $28.7B (6% of AUM) May 2026
- Citibank $10.6B (2% of AUM) May 2026
- Northern Trust $6.3B (1% of AUM) May 2026
- State Street $4.2B (1% of AUM) Feb 2025
- Bnp Paribas $1.1B (1% of AUM) Feb 2020
- U.S. Bank $1.0B (2% of AUM) Feb 2019
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 26, 2026.
View current Form ADV (SEC/IAPD) ↗