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.
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 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. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
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.
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.
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.