SCHEDULE 13G/A: Ares Management Corporation's Major Shareholders Disclose 37.4% Beneficial Ownership Stake

Ares Partners Holdco LLC and Ares Owners Holdings L.P. have disclosed a combined beneficial ownership of 37.4% in Ares Management Corporation's Class A common stock as of December 31, 2024.

Summary

• Ares Partners Holdco LLC and Ares Owners Holdings L.P. (the 'Reporting Persons') collectively beneficially own 116,968,418 shares of Ares Management Corporation's Class A common stock.
• This ownership represents 37.4% of the Class A common stock outstanding, calculated based on 203,362,482 Class A Shares outstanding as of December 31, 2024, plus 109,806,689 Class A Shares issuable upon conversion of AOG Units.
• The reported securities consist of 7,161,729 Class A Shares and 109,806,689 partnership units of Ares Holdings L.P. (AOG Units), which are convertible one-for-one into Class A Shares.
• Ares Partners Holdco LLC serves as the general partner of Ares Owners Holdings L.P.
• The Board Members of Ares Partners, including Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler, and Bennett Rosenthal, collectively hold an aggregate of 121,252,571 Class A Shares (including AOG Units and Restricted Stock Units), representing 38.4% of the outstanding Class A Shares on a fully diluted basis.
• Antony P. Ressler holds the largest individual beneficial ownership among the Board Members, with 54,390,000 shares (including Class A Shares and AOG Units), and generally has veto authority over decisions of the Board Members.

Sentiment

Score: 5

Explanation: The document is a factual, routine regulatory filing disclosing beneficial ownership and does not contain information that would typically indicate positive or negative sentiment regarding the company's performance or outlook.

Positives

• The significant beneficial ownership by Ares Partners Holdco LLC and Ares Owners Holdings L.P., including key Board Members, indicates strong alignment of interests between management/insiders and shareholders.

Future Outlook

NA

Industry Context

This document is a routine regulatory filing detailing the beneficial ownership structure of Ares Management Corporation and does not provide broader industry context or trends.

Stakeholder Impact

• Shareholders: Provides transparency on the significant ownership stake held by key entities and individuals associated with the company's management.

Key Dates

Keywords

Ares Management Corporation, beneficial ownership, Schedule 13G, Class A common stock, Ares Partners Holdco LLC, Ares Owners Holdings L.P., institutional ownership, SEC filing, asset management