Ares Management

Ares Management Corporation (NYSE: ARES) (“Ares” or the “Firm”) is a publicly traded, leading global alternative investment manager with approximately $227 billion of assets under management (“AUM”). Ares has over 1,600 employees in over 10 countries. Since Ares' inception in 1997, The firm has adhered to a disciplined investment philosophy that focuses on seeking to deliver strong risk-adjusted investment returns through market cycles. Ares believes each of its distinct but complementary investment groups in Credit, Private Equity, Real Estate, Secondary Solutions and Strategic Initiatives is a market leader based on assets under management and investment performance. The firm provides a range of investment strategies and seeks to deliver attractive performance to a growing investor base that includes over 1,120 direct institutional relationships and a significant retail and intermediary investor base across our publicly traded and sub-advised funds. Ares has a demonstrated track record of delivering attractive risk-adjusted returns through market cycles. Each of its investment groups is led by its own deep leadership team of highly accomplished investment professionals, who have approximately 24 years of experience managing investments in, advising, underwriting and restructuring leveraged companies. Ares believes its growth in becoming one of the largest alternative investment managers is testament to its experienced management team, focused on performance and high-quality investor base, which includes large pension funds, university endowments, sovereign wealth funds, banks and insurance companies. Each investment group employs a disciplined, credit-oriented investment philosophy and is managed by a seasoned leadership team of senior professionals with extensive experience investing in, advising, underwriting and restructuring companies, power and energy assets, and real estate properties. The Credit Group is a leading manager of credit strategies across the non-investment grade credit universe, with approximately $151.1 billion of AUM and over 200 funds as of March 31, 2021. Ares offers a range of investment strategies across the liquid and illiquid credit spectrum. Since the firm’s founding in 1997, Ares has been a leader in providing credit solutions to investors searching for yield and for less correlated returns, particularly relevant in today’s relatively low interest rate and volatile investment environment. The firm is additionally one of the largest self-originating direct lenders to the U.S. and European middle markets, providing one-stop financing solutions for small-to-medium sized companies, which the firm believes are increasingly underserved by traditional lenders. We provide investors access to our broad credit capabilities through several vehicles, including commingled funds, separately managed accounts, publicly traded vehicles and sub-advised funds for retail investors The Private Equity Group has achieved compelling risk-adjusted investment returns for a loyal and growing group of high-profile limited partners and has approximately $29.0 billion of AUM as of March 31, 2021. The group broadly categorizes its investment strategies as corporate private equity, special opportunities, energy opportunities and infrastructure and power. The firm's private equity professionals have a demonstrated ability to deploy flexible capital, which allows them to stay both active and disciplined in various market environments. The group manages flagship corporate private equity funds focused on North America and Europe, special opportunities, an energy opportunities fund, infrastructure and power funds and related co-investment vehicles and two China growth funds. The team focuses on driving shared success by protecting and growing the capital of its Limited Partners, creating long-term value for its shareholders and aligning the firm's interests with business partners. The Ares Real Estate Group manages public and private equity and debt strategies in the U.S. and Europe, with approximately $17.1 billion of AUM as of March 31, 2021. Across its real estate equity and debt investment strategies, the Ares Real Estate Group differentiates itself through its cycle-tested leadership, demonstrated performance across market cycles, access to real-time property market and corporate trends, and proven ability to create value through a disciplined investment process. The Ares Real Estate Group encompasses an integrated team of equity and debt professionals located across ten cities in the U.S. and Europe as of March 31, 2021. These individuals collaborate frequently within and across strategies to enhance sourcing, exchange information to inform underwriting and leverage relationships to drive pricing power. The Ares Real Estate Group's equity team focuses on value-add and opportunistic investing, while the Real Estate Group’s debt team focuses on directly originated commercial mortgage investments across the risk spectrum. The Real Estate Group provides investors access to its capabilities through several vehicles: U.S. and European real estate private equity commingled funds, U.S. real estate debt commingled funds, a publicly traded commercial mortgage real estate investment trust (“REIT”), Ares Commercial Real Estate Corporation (NYSE: ACRE), and separately managed accounts Landmark Partners, an Ares company, has pioneered and innovated within secondary markets across three decades and a range of alternative asset classes, including private equity, real estate and infrastructure, and has $19.6 billion of AUM as of March 31, 2021. With over 30 years of history in this space, the firm has invested across thousands of partnership interests, driving highly differentiated and proprietary transactions through deeply established relationships with institutional investors, fund sponsors, and market advisors. Their “thought partner” approach to investing provides bespoke and customized liquidity solutions, while capitalizing on the potential benefits of secondary investing. Such benefits potentially include enhanced diversification, smoothing of the “J-curve,” and exposure to durable assets, while seeking to deliver non-market excess returns to investors. Strategic Initiatives represent operating segments and strategic investments that seek to expand the Company’s reach and its scale in new and existing global markets including Ares SSG, one of Asia Pacific’s largest credit platforms, as well as Ares Insurance Solutions (“AIS”), a dedicated, in-house team that provides solutions to insurance clients, and Ares Acquisition Corporation (“AAC”), a special purpose acquisition company.