LP Data

Manager · SEC CRD 130074

Ares

Private EquityPrivate CreditReal AssetsOpportunistic
Funds with performance
46
LP investors
28

Public LPs disclosing at least one fund

SEC regulatory AUM
$689.76B

As of 2026-10-29

The franchise by vintage

Funds disclosed by public LPs, by strategy and vintage year. Dot area is the number of funds raised that year.

Private Equity10
Private Credit28
Real Assets12
Opportunistic14
1995200020052010201520202025
Funds
Funds managed by Ares
Fund Name
Strategy
Sub-Strategy
Geography
Vintage
IRR
TVPI
DPI
As-of Date
Gross AUM
LPs
Apollo Real Estate Investment Fund VReal AssetsReal Estate EquityNorth America20061.9%1.17x1.16x2024-09-30—2
Ares - Eu Loan FundingPrivate CreditDirect LendingGlobal—10.0%——2026-08-31—1
Ares Capital Europe II (D), L.P.Private CreditDirect LendingEurope20137.4%1.37x1.37x2023-06-30—1
Ares Capital Europe IVPrivate CreditDirect LendingEurope20188.7%1.48x1.01x2026-06-30—2
Ares Capital Europe VPrivate CreditDirect LendingEurope20208.4–10.7%1.32–1.40x0.36–0.47x2026-03-31—2
Ares Capital Europe VIPrivate CreditDirect LendingEurope202316.2%1.19x0.28x2026-03-31—1
ARES CENTRE STREET PARTNERSHIPPrivate CreditDirect LendingGlobal20237.9%1.16x0.00x2025-09-30—1
Ares Corporate Opportunities FundPrivate EquityBuyoutNorth America200313.1%1.49x1.49x2026-03-31$201.5M7
Ares Corporate Opportunities Fund II, L.P.Private EquityBuyoutNorth America200613.1%1.67x1.67x2026-03-31$1.50B7
Ares Corporate Opportunities Fund III LPPrivate EquityBuyoutNorth America200820.2–21.5%2.09–2.56x2.09–2.56x2026-03-31$3.62B10
Ares Corporate Opportunities Fund IV LPPrivate EquityBuyoutNorth America201213.8–14.1%1.79–1.88x1.72–1.80x2026-03-31$4.69B11
Ares Corporate Opportunities Fund V LPPrivate EquityBuyoutNorth America20173.9%1.19–1.20x0.66–0.67x2026-03-31$596.5M11
Ares Corporate Opportunities Fund VI Co-InvestPrivate EquityBuyoutNorth America202126.5%2.03x0.05x2026-03-31—1
Ares Corporate Opportunities VI, L.P.Private EquityBuyoutNorth America202015.3%1.43–1.45x0.42–0.43x2026-03-31—6
Ares Distressed Securities Fund, L.P.OpportunisticDistressed DebtNorth America200813.7%1.75x1.75x2025-12-31—1
ARES European Loan Opportunities FundPrivate CreditDirect LendingEurope2015-6.0%0.90x0.91x2025-12-31—1
Ares European Real Estate Fund III, LPReal AssetsReal Estate EquityEurope20082.5–2.6%1.10–1.11x1.10–1.11x2023-12-31$301.4M3
Ares European Real Estate Fund IV, L.P.Real AssetsReal Estate EquityEurope201310.5%1.35x1.24x2025-12-31$67.7M1
Ares ICOF IIIPrivate CreditDirect LendingGlobal—7.2%——2024-02-29—1
Ares Industrial Real Estate FundReal AssetsReal Estate EquityNorth America20216.8–10.9%1.03–1.23x0.01–0.09x2026-03-31—5
Ares Mezzanine Partners, L.P.Private CreditMezzanineNorth America20118.7%1.16x1.15x2024-12-31$16.4M1
Ares PA Opportunities Fund - Direct LendingOpportunisticMulti StrategyNorth America20218.2%1.30x0.29x2026-03-31—1
Ares PA Opportunities Fund - Diversified CreditOpportunisticMulti StrategyNorth America20209.8%1.40x0.47x2026-03-31—1
Ares PA Opportunities Fund - Special SituationsOpportunisticSpecial SituationsGlobal202118.5%1.70x0.24x2026-03-31—1
Ares PA Opportunities Fund, L.P. - Distressed DebtOpportunisticSpecial SituationsNorth America201913.6%1.50x0.56x2026-03-31—1
Ares Pathfinder Core Fund LPPrivate CreditSpecialty FinanceGlobal20219.7%1.13x0.10x2026-03-31—1
Ares Pathfinder FundPrivate CreditDirect LendingGlobal202114.8%——2025-06-30—1
Ares Pathfinder IIPrivate CreditDirect LendingGlobal202316.5%1.34x0.03x2026-06-30—1
Ares Private Credit Solutions FundPrivate CreditDirect LendingGlobal—7.6%——2026-08-31—1
Ares Private Opportunities (NYC), L.P.OpportunisticMulti StrategyNorth America202126.5%2.02x0.06x2026-03-31—1
Ares Real Estate Enhanced Income Fund, L.P.Real AssetsReal Estate EquityNorth America20205.6%1.16x0.82x2024-12-31—1
Ares Senior Direct Lending Fund IIPrivate CreditDirect LendingNorth America202212.7%1.35–1.36x0.63–0.64x2026-03-31—2
Ares Senior Direct Lending IIIPrivate CreditDirect LendingNorth America202311.8%——2026-08-31—4
Ares Special Opportunities Fund IIOpportunisticSpecial SituationsNorth America202213.4%1.26x—2025-06-30—1
Ares Special Opportunities Fund, L.P.OpportunisticSpecial SituationsNorth America202014.6%1.54x0.97x2025-06-30—1
Ares Special Situations FundOpportunisticSpecial SituationsNorth America200813.1%1.72x1.72x2025-12-31$380.8M2
Ares Special Situations Fund III, L.P.OpportunisticSpecial SituationsNorth America20111.6%1.06x1.06x2025-12-31$347.1M1
Ares Special Situations Fund IV, L.P.OpportunisticSpecial SituationsNorth America20155.4%——2026-08-31—2
Ares U.S. Real Estate Fund IX, L.P.Real AssetsReal Estate EquityNorth America201715.7%1.60x1.27x2025-12-31—1
Ares U.S. Real Estate Fund VIII, L.P.Real AssetsReal Estate EquityNorth America201317.2%1.74x1.67x2025-12-31$214.0M1
Ares US Real Estate Opportunity Fund IVOpportunisticMulti StrategyNorth America20244.3%1.04x0.00x2026-06-30—1
Private Credit Fund O, LLCPrivate Credit—North America202311.5%1.18x0.00x2026-06-30—1
Value Enhancement Fund IIReal AssetsReal Estate EquityNorth America19964.3%1.38x1.38x2025-06-30$83,9131
Value Enhancement Fund III, LLCReal AssetsReal Estate EquityNorth America199813.0%1.66x1.66x2025-06-30—1
Value Enhancement Fund III, LLC (Closed)Real AssetsReal Estate EquityNorth America199814.0%1.66x1.66x2020-06-30—1
Value Enhancement Fund IV, L.P.Real AssetsReal Estate EquityNorth America1999-0.6%0.94x0.94x2025-06-30$99,9961
LP Investors
Limited partners invested in Ares funds
LP NameTypeLocationFunds Invested
Maryland State Retirement and Pension Systempublic_pensionMD3
South Carolina Retirement System Investment Commissionpublic_pensionSC1
California Public Employees' Retirement Systempublic_pensionCA18
New York State Common Retirement Fundpublic_pensionNY8
Teachers' Retirement System of Oklahomapublic_pensionOK2
California State Teachers' Retirement Systempublic_pensionCA7
Teachers' Retirement System of the City of New Yorkpublic_pensionNY10
Pennsylvania State Employees' Retirement Systempublic_pensionPA6
New York City Employees' Retirement Systempublic_pensionNY11
Maine Public Employees Retirement Systempublic_pensionME5
Florida State Board of Administrationpublic_pensionFL4
New York City Police Pension Fundpublic_pensionNY8
Pennsylvania Public School Employees' Retirement Systempublic_pensionPA3
New Mexico Educational Retirement Boardpublic_pensionNM6
North Carolina Retirement Systemspublic_pensionNC4
New York City Fire Department Pension Fundpublic_pensionNY8
Kern County Employees' Retirement Associationpublic_pensionCA4
Sacramento County Employees' Retirement Systempublic_pensionCA3
The Regents of the University of Californiapublic_pensionCA3
Nebraska Investment Councilpublic_pensionNE4
Connecticut Retirement Plans and Trust Fundspublic_pensionCT1
San Bernardino County Employees Retirement Associationpublic_pensionCA8
Contra Costa County Employees' Retirement Associationpublic_pensionCA1
New York City Board of Education Retirement Systempublic_pensionNY3
Kansas City Police Employees' Retirement Systemspublic_pensionMO1
State of Michigan Retirement Systemspublic_pensionMI3
Los Angeles City Employees' Retirement Systempublic_pensionCA1
Imperial County Employees' Retirement Systempublic_pensionCA1