Ares Management
Ares Management Corporation is an American global alternative investment manager operating in the credit, private equity and real estate markets. The company was founded in 1997 and is headquartered in Los Angeles, California, with additional offices across North America, Europe, and Asia. As of September 2021, Ares Management Corporation's global platform had approximately $295 billion of assets under management and 1,500 employees operating across North America, Europe, Asia Pacific and the Middle East. History. The firm was established in 1997. The co-founders included Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal . It has several subsidiaries: In May 2007, a minority interest in the firm was acquired by an international institutional investor, Abu Dhabi Investment Authority. The investor did not acquire any voting or governance rights via its investment. In May 2014, Ares Management completed its initial public offering and is currently listed on the New York Stock Exchange. In April 2016, Ares Management closed its fifth global private equity fund, raising $7.85bn. In May 2016, Ares Management announced to buy asset management company American Capital; the US$3.4 billion deal closed in January 2017. On January 30, 2020, Ares Management  acquired a controlling stake in the Hong Kong-based alternative investment firm, SSG Capital Management. The deal was formally completed on July 2, 2020, and SSG Capital Management now operates under the name Ares SSG. On July 1, 2021, Ares Management announced completion of its acquisition of Black Creek Group's U.S. real estate investment advisory and distribution business. Operations. The firm is among the largest players in the private debt market. Ares' investment activities are conducted through four business units: