Marks Ares' Largest Inaugural Institutional Fundraise and Market’s Largest Dedicated Institutional Credit Secondaries Fund

Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has raised approximately $7.1 billion of capital for its Credit Secondaries strategy, inclusive of the final closing of its inaugural Ares Credit Secondaries Fund (“ACS” or the “Fund”), affiliated vehicles and anticipated leverage. With approximately $4 billion in LP equity commitments, the Fund doubled its $2 billion target and represents Ares’ largest inaugural institutional fundraise. In addition, Ares believes that ACS is the largest dedicated institutional credit secondaries fund globally based on LP equity commitments.

Through ACS, Ares aims to construct a highly diversified portfolio of predominantly senior secured, private equity-backed and floating-rate private credit portfolios by tactically allocating across LP-led and continuation vehicle transactions in collaboration with leading asset managers.

“The success of this milestone fundraise underscores our early-mover advantage in credit secondaries and the power of the Ares platform,” said Blair Jacobson, Co-President of Ares. “ACS builds on the critical foundation of our broader Secondaries business, which has accelerated its global market leadership through exceptional talent, data-driven insights and a comprehensive offering across asset classes. As investors’ liquidity needs evolve, we will continue to develop innovative GP and LP solutions that leverage our decades of investment experience and extensive relationship networks.”

“We are deeply grateful to our global investor base for the confidence they have placed in our team,” said Dave Schwartz, Head of Credit Secondaries at Ares. “The final closing of ACS reflects the strength and market leadership of our Credit Secondaries strategy, which is supported by one of the largest purpose-built teams in the market. Our business combines Ares’ multi-decade credit and secondaries experience and global scale to employ a disciplined investment approach, underpinned by our focus on diversification and downside protection. We are excited to execute on our significant pipeline in a rapidly growing and attractive market opportunity.”

Alongside Mr. Schwartz, the Ares Credit Secondaries strategy is led by Partners Sebastien Burdel, Chrissy Lamont Svejnar and Luca Salvato and is part of the Ares Secondaries Group, which has established a more than 30-year track record investing across private equity, real estate, infrastructure and credit and managed $38 billion of assets as of September 30, 2025.

About Ares Management Corporation

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2025, Ares Management Corporation's global platform had over $595 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.

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