Ares Capital Management Iii LLC (Los Angeles)

Name: Ares Capital Management Iii LLC
Address: 2000 Avenue Of The Stars, Los Angeles, CA, 90067 4733
Telephone: 310-201-4100

Ares Capital Management Iii LLC is a large advisory firm based in Los Angeles. It manages $624.03 million of regulatory assets for 6 client accounts. It has been registered with the SEC as an adviser since 2013 and has operated in the jurisdictions of California, Missouri, and New York.

Ares Capital Management Iii provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Ares Capital Management Iii: assets under management

The assets under management (AUM) of Ares Capital Management Iii LLC is $624.03 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 294% since the beginning of its operation, and $606.66 million of the total AUM is attributable to clients outside of the United States.

The firm manages $624.03 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $104.01 million each.

Ares Capital Management Iii has custody of $203.85 million in cash and securities for 3 clients in total but doesn’t act as a qualified custodian.

Investments

The firm invests in pooled investment vehicles the most. They account for 55% of the total AUM. The second-largest asset type is investment and business development companies, which make up 31% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Ares Capital Management Iii LLC for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Antony Peter Ressler serves?

The firm provides services to other investment advisers, pooled investment vehicles, pension and profit sharing plans, and state or municipal government entities. The largest group of clients of Antony Peter Ressler is pooled investment vehicles with 3 clients and $203.85 million of assets under management. Among the 11 most similar advisory firms, Ares Capital Management Iii has the 6th highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $624.03 million for 3 clients. 83% of the firm’s clients are foreign persons or businesses.

Ares Capital Management Iii also advises several private funds. Namely, four hedge funds. The minimum investment commitment required of non-related persons ranges from $0 to $5,000,000.

Careers at Ares Capital Management Iii LLC

The company employs 106 people that are either part- or full-time employees. 85 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Antony Peter Ressler has been acting as President since 1 Jun 2013. Penelope Facemire Roll joined the executive team most recently as the Vice President And Chief Financial Officer.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Ares Management Llc	Member	1 May 2013	75% - 100%	130074
Antony Peter Ressler	President	1 Jun 2013	Other	1878120
Seth Jonathan Brufsky	Vice president	1 Jun 2013	Other	1935451
Gregory Alan Margolies	Vice president	1 Jun 2013	Other	2418751
Michael Daniel Weiner	Vice president, general counsel and secretary	1 Jun 2013	Other	4698763
Anthony Stanton Dell	Chief compliance officer	1 Jun 2013	Other	2699043
Michael J (Mi Only) Arougheti	Vice president	1 Jun 2013	Other	2735734
David Benjamin Kaplan	Vice president	1 Jun 2013	Other	1992162
Bennett Rosenthal	Vice president	1 Jun 2013	Other	2818358
Daniel Fenno Nguyen	Vice president, chief financial officer and treasurer	1 Jun 2013	Other	4749539
Michael Robert Mcferran	Vice president, chief financial officer and treasurer	1 Mar 2015	Other	5529178
Miriam Goldsmith Krieger	Vice president & chief compliance officer	1 Sep 2017	Other	6028814
Antony Peter Ressler	Executive chairman	1 Jan 2018	Other	1878120
Penelope Facemire Roll	Vice president and chief financial officer	1 Mar 2018	Other	4374072

Indirect Owners

The SEC currently registers 17 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Antony Peter Ressler	Member	1 Jan 2002	25% - 50%	1878120
Ares Owners Holding L.P.	Member	1 May 2007	50% - 75%	01-0605009
Ares Holdings L.P.	Member	1 Dec 2010	75% - 100%	26-0198197
Ares Management Holdings L.P.	Member	1 Dec 2010	50% - 75%	27-2078839
Ares Holdings Inc	Member	1 Jun 2013	25% - 50%	26-0198141
Ares Management Holdings L.P.	Member	1 Jun 2013	75% - 100%	27-2078839
Llc Ares Partners Management Company	Member	1 Jun 2013	50% - 75%	01-0605009
Ares Holdings Llc	Member	1 Jun 2013	75% - 100%	26-0198197
Ares Management Holdings Llc	Member	1 Jun 2013	75% - 100%	27-2078839
Ares Management L.P.	Shareholder	1 May 2014	75% - 100%	80-0962035
Ares Holdco Llc	General partner	1 May 2014	Other	30-0880125
Ares Investments Lp	Member	1 May 2014	50% - 75%	20-8018928
Ares Partnersholdco Llc	Member / general partner	1 May 2014	Other	46-5192240
Ai Holdco Llc	Member / general partner	1 May 2014	Other	38-3977442
Ares Holdco Llc	General partner	1 Jul 2016	25% - 50%	30-0880125
Ares Partners Holdco Llc	General partner	1 Jul 2016	Other	46-5192240
Ares Holdings Inc.	Member	1 Jul 2016	75% - 100%	26-0198141

Based in Los Angeles

The principal office where Ares Capital Management Iii LLC performs its advisory services is located at 2000 Avenue Of The Stars, Los Angeles, CA 90067 4733, which is also the mailing address of the firm. An additional office of the firm is in New York, NY. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 310-201-4100. The normal business hours are 8am-6pm pacific time on Monday - Friday. You can find more information about the New York firm at aresmgmt.com.