Ares Management: Ares Holdings tenders $20M in fund shares
The repurchase request covered the quarter ended September 30, 2026; the fund determined that date’s net asset value on October 30.
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Form Type
4
Rhea-AI Filing Summary
ARES CAPITAL MANAGEMENT II LLC reported sale transactions in this Form 4 filing. Ares Management Corp (ARES) was among the joint reporting persons for a transaction involving Ares Private Markets Fund Class I Shares: Ares Holdings L.P. tendered 484,652 shares in the fund’s quarterly repurchase offer. The reported price was $41.27 per share, and the tendered shares had an aggregate value of $20,000,000. The Form 4 lists 2,519,348 shares following the transaction.
Insider Trade Summary
Net Seller: 484,652 shares
Net Sell
1 txn
Insider
ARES CAPITAL MANAGEMENT II LLC, ARES INVESTMENTS HOLDINGS LLC, Ares Holdings L.P., Ares Holdco LLC, Ares Management Corp, Ares Voting LLC, Ares Partners Holdco LLC, Ares Management GP LLC
Role
Insider | Insider | Insider | Insider | Insider | Insider | Insider | Insider
Sold
484,652 shs ($20.00M)
Share of Position Sold
16.1%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class I Shares F1, F2, F3, F4 | 484,652 | $41.27 | $20.00M |
Holdings After Transaction:
Class I Shares — 2,519,348 shares (Indirect, See Footnotes)
Holdings Before and After:
Class I Shares, 3,004,000 to 2,519,348 shares (Indirect, See Footnotes)
Footnotes (4)
- F1. In connection with the Issuer's quarterly repurchase offer for the fiscal quarter ended September 30, 2026, Ares Holdings L.P. ("Ares Holdings") tendered Class I Shares with an aggregate value of $20,000,000. On October 30, 2026, the net asset value as of September 30, 2026 was determined and, accordingly, fixed the number of Class I Shares and price per share in respect of the prior redemption request by Ares Holdings.
- F2. This statement is being filed jointly by (i) Ares Investments Holdings LLC ("Ares Investments"), (ii) Ares Holdings, (iii) Ares Holdco LLC ("Ares Holdco"), (iv) Ares Management Corporation ("Ares Management"), (v) Ares Voting LLC ("Ares Voting"), (vi) Ares Management GP LLC ("Ares Management GP"), (vii) Ares Partners Holdco LLC ("Ares Partners") and (viii) Ares Capital Management II LLC (collectively, the "Reporting Persons"). The reported securities include 2,515,348 Class I Shares directly held by Ares Holdings and 4,000 Class I Shares directly held by Ares Investments.
- F3. Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Holdings. The sole member of Ares Investments is Ares Holdings. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions.
- F4. Each of the Reporting Persons (other than Ares Investments and Ares Holdings with respect to their respective directly held Class I Shares) and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.
Key Figures
Class I Shares tendered: 484,652 shares
Price per share: $41.27 per share
Aggregate value: $20,000,000
+1 more
4 metrics
Class I Shares tendered
484,652 shares
Tendered by Ares Holdings L.P. in the quarterly repurchase offer
Price per share
$41.27 per share
Price fixed for the prior redemption request
Aggregate value
$20,000,000
Value of the Class I Shares tendered
Shares following transaction
2,519,348 shares
Class I Shares reported following the transaction
Key Terms
quarterly repurchase offer, net asset value, pecuniary interest
3 terms
quarterly repurchase offer financial
"Issuer's quarterly repurchase offer"
net asset value financial
"net asset value as of September 30, 2026"
Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.
pecuniary interest regulatory
"except to the extent of any pecuniary interest therein"
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