Investment adviser · CRD 130074

ARES MANAGEMENT LLC

LOS ANGELES, CA, United States · Form ADV filed May 26, 2026

Regulatory AUM
$459B
Form ADV · Item 5.F
Client accounts
715
Accounts, not individual clients
Employees
3,990
Reported in this filing
Advisory professionals
1,550
Investment advisory functions

How this adviser has changed

Annual filings

Regulatory assets under management

Reported regulatory AUM by annual filing$0$229B$459BFY 2021: $203,424,579,297.00FY 2021FY 2022: $253,185,903,529.00FY 2022FY 2023: $314,926,162,888.00FY 2023FY 2024: $359,147,000,000.00FY 2024FY 2025: $458,821,489,418.00FY 2025

Up to five fiscal years, using the latest annual update available at the selected filing date. Asset changes can reflect acquisitions, client flows, and valuations; they are not investment returns.

Annual adviser history and sources
Fiscal yearRegulatory AUMEmployeesFiled
2021$203,424,579,2971,769Mar 31, 2022
2022$253,185,903,5292,378Mar 31, 2023
2023$314,926,162,8882,919Mar 28, 2024
2024$359,147,000,0002,996Mar 31, 2025
2025$458,821,489,4183,990Mar 27, 2026

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client typeClientsRegulatory assetsShare of AUM
Pooled investment vehicles655$403,549,241,68888.0%
Insurance companies27$40,325,960,4528.8%
Sovereign wealth & foreign institutionsFewer than 5$5,731,289,0771.2%
Retirement plans13$4,925,207,4181.1%
Other clients7$2,941,983,1890.6%
Corporations & businessesFewer than 5$1,112,238,5280.2%
Other investment advisersFewer than 5$235,569,0660.1%
Filing source

Form ADV 2090601 · May 26, 2026 · Item 5.D

Reported by ARES MANAGEMENT LLC (CRD 130074).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Private funds & service providers

1 selected fund records

Largest reported gross asset value first; unreported values last. Gross asset value is fund-level disclosure, distinct from adviser AUM and Form D fundraising. Master and feeder funds may overlap.

View all funds in this filing

UNITED STATES POWER FUND III, L.P.Private Equity Fund · Master$3.53MGross asset value
Auditor ERNST & YOUNG BOSTON, Massachusetts, United States Other funds reporting this name →
Custodian CITIBANK, N.A. BOSTON, Massachusetts, United States Related to adviser: No Other funds reporting this name →
Provider details
Annual audit
Yes
Prime brokers
No
Custodians
Yes
Administrator other than the adviser
No
External marketing
No

ERNST & YOUNG
PCAOB 42

Fund details & source
Fund ID
805-1922150965
Reported beneficial owners
51
Minimum commitment
$10M
Form D file number
021-101193

Form ADV 2090601 · May 26, 2026 · Schedule D 7.B.(1)

Reported by ARES MANAGEMENT LLC (CRD 130074).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Services & filing details

Showing values from the selected filing. Latest observed filing does not establish current registration status.

What changed?

Since Mar 27, 2026 · previous imported filing

No comparable changes in the displayed metrics.

Filing source

Form ADV 2090601 · May 26, 2026 · Items 1 & 5

Reported by ARES MANAGEMENT LLC (CRD 130074).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.

Management of assets

Discretionary
$434B
Non-discretionary
$24.9B

Reported services

Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

1800 AVENUE OF THE STARS, SUITE 1400
LOS ANGELES, CA, 90067, United States

CRD 130074

Filing source

Form ADV 2090601 · May 26, 2026 · Items 1 & 5

Reported by ARES MANAGEMENT LLC (CRD 130074).

Other-Than Anual Amendment For Registered Adviser.

Official IAPD profile (latest public filing). Historical values on this page come from the SEC/IAPD filing archive; the public profile may show a newer filing.