Ares operates three distinct but complementary investment groups that invest in the credit,
private equity and real estate markets and have the ability to invest in all levels of a company’s capital structure—from senior debt to common equity. Public entities managed by affiliates of Ares include Ares Capital Corporation (“ARCC”), one of the largest business development companies, Ares Commercial Real Estate Corporation (“ACRE”), a real estate investment trust, and a publicly listed fund that allows retail investors to access the expertise of the Ares platform.
(1) Effective July 1, 2016, we moved our Special Situations strategy from our Credit Group into our Private Equity Group. We will begin reporting on it as a segment within Private Equity in our public filing for the quarter ending September 30, 2016.