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.

Our Credit Group, with approximately $62.2 billion of assets under management as of December 31, 2015, specializes in liquid and illiquid credit strategies, investing primarily across North America and Europe. We are a leading participant in the non-investment grade credit universe and one of the largest self-originating direct lenders to the U.S. and European middle markets. The group manages commingled vehicles, subadvised funds, publicly traded vehicles and separately managed accounts.

Our Private Equity Group, with approximately $21.1 billion of assets under management as of December 31, 2015, broadly categorizes its investment strategies as corporate private equity and U.S. power and energy infrastructure. Our private equity professionals have a demonstrated ability to deploy flexible capital, which allows them to stay both active and disciplined in various market environments.

Our Real Estate Group manages comprehensive public and private equity and debt strategies, with approximately $10.3 billion of assets under management as of December 31, 2015. The Real Estate Group provides investors access to its capabilities through several vehicles: ACRE (NYSE:ACRE), a publicly traded commercial mortgage real estate investment trust (“REIT”), U.S. and European real estate private equity commingled funds and real estate equity and debt separately managed accounts.

Ares Management, L.P. (“Ares”) is a publicly traded, leading global alternative asset manager with approximately $94 billion of assets under management as of December 31, 2015. Its common units are traded on the New York Stock Exchange under the ticker symbol “ARES”. Ares operates three distinct but complementary investment groups that invest in the credit, private equity and real estate markets.

Ares Capital Corporation (“ARCC”) is a specialty finance company that provides one-stop solutions to meet the distinct and underserved financing needs of private middle-market companies across diverse industries. As of December 31, 2015, ARCC is the largest business development company by both market capitalization and total assets, with approximately $9.5 billion of total assets (NASDAQ:ARCC).

Ares Commercial Real Estate Corporation (“ACRE”) is a publicly traded specialty finance company and real estate investment trust (“REIT”) (NYSE: ACRE). ACRE provides onestop solutions to meet the distinct and underserved financing needs of middle-market commercial real estate, which ACRE generally defines as assets with values of $15-$250 million.

Ares publicly traded funds allow retail investors to access the expertise of the Ares platform via closed end funds.  Ares affiliates serve as the Investment Adviser.