{ "crd_number": 157292, "slug": "ares-capital-management-ii-llc-los-angeles-ca-157292", "primary_business_name": "ARES CAPITAL MANAGEMENT II LLC", "legal_name": "ARES CAPITAL MANAGEMENT II LLC", "dbas": [], "city": "Los Angeles", "state": "CA", "country": "United States", "cbsa_code": "31080", "metro": { "cbsa_code": "31080", "common_name": "Los Angeles", "msa_name": "Los Angeles-Long Beach-Anaheim, CA", "path": "/advisors/ca/los-angeles" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2011-06-09", "years_registered": 15, "period": "2026-10-01", "filing_date": "2026-08-26", "carried_forward": false, "raum_total": 19637993752.0, "raum_discretionary": 19191201816.0, "raum_non_discretionary": 446791936.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 924, "advisory_employees": 597, "client_count_bucket": "fewer_than_5_in_some_types", "clients_by_type": { "other": { "raum": 140587304.0, "count": null, "description": "SEPARATELY MANAGED ACCOUNTS", "fewer_than_5": true }, "investment_companies": { "raum": 8532912995.0, "count": 10 }, "pooled_investment_vehicles": { "raum": 7509464453.0, "count": 17 }, "business_development_companies": { "raum": 3455029000.0, "count": 1 } }, "compensation_types": [ "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_investment_companies", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 3, "states_registered": [ "CA", "CO", "CT", "DE", "FL", "GA", "IL", "MA", "MD", "MO", "NC", "NJ", "NY", "PA", "TX", "VA" ], "websites": [ "https://aresfoundation.org", "https://aresfoundationreport.aresmgmt.com", "https://aresmgmt.com", "https://arespublicfunds.com", "https://areswms.com", "https://instagram.com/ares_mgmt", "https://linkedin.com/company/ares-management", "https://linkedin.com/in/michael-arougheti", "https://twitter.com/@Ares_Management", "https://youtube.com/@ares_management" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157292", "disclosure_items": [ { "item": "11.C(2)", "question": "Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?" }, { "item": "11.C(4)", "question": "Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?" }, { "item": "11.C(5)", "question": "Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?" } ], "city_as_filed": "LOS ANGELES", "url": "https://advisorcensus.com/firm/ares-capital-management-ii-llc-los-angeles-ca-157292", "display_name": "Ares Capital Management II LLC", "summary": "Ares Capital Management II LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2011, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.", "citation": "AdvisorCensus. Ares Capital Management II LLC (CRD 157292): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees" ], "advisory_activity_labels": [ "Portfolio management for investment companies (and business development companies)", "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Ares Capital Management II LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Ares Capital Management II LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees." }, { "q": "What does Ares Capital Management II LLC's brochure say about its fees?", "a": "Its Form ADV Part 2A brochure dated March 27, 2026 states: Asset-based fee: 0.3% to 1.5% a year (a range, as the brochure states it). Fees can differ by service and may be negotiable; the brochure is the complete statement." }, { "q": "Where is Ares Capital Management II LLC located?", "a": "Ares Capital Management II LLC's principal office is in Los Angeles, CA, according to its Form ADV; the September 2026 filing also lists 21 other offices (Schedule D, Section 1.F)." }, { "q": "Is Ares Capital Management II LLC registered with the SEC or a state?", "a": "Ares Capital Management II LLC is an SEC-registered investment advisory firm, registered since 2011. Status as filed: Approved. CRD 157292." }, { "q": "How much does Ares Capital Management II LLC manage?", "a": "Ares Capital Management II LLC reports $19,637,993,752 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (98% discretionary)." }, { "q": "How have Ares Capital Management II LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Ares Capital Management II LLC: Regulatory assets under management: $1,189,794,648 in the October 2021 data and $19,637,993,752 in the October 2026 data, up 1551%. Total employees: 444 in October 2021 and 924 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Ares Capital Management II LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (17); investment companies (10); business development companies (1)." }, { "q": "Which custodians does Ares Capital Management II LLC use?", "a": "Ares Capital Management II LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Caceis as a custodian holding 10% or more of its separately managed account assets." }, { "q": "Does Ares Capital Management II LLC report any disciplinary disclosures?", "a": "Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157292" }, { "q": "Does Ares Capital Management II LLC state an account minimum?", "a": "Its Form ADV Part 2A brochure dated March 27, 2026 says: \"The minimum investment is stated in the applicable Governing Documents; however, ACM II’s Clients generally do not have investment minimums.\"" }, { "q": "What changed in Ares Capital Management II LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Regulatory assets under management went from $8,955,406,884 to $19,637,993,752 (+119%). Employees performing advisory functions went from 653 to 597. Changed its office addresses in Amsterdam. Changed its office addresses in Hong Kong. Changed its office addresses in Luxembourg. Changed its office addresses in Stockholm. Added an office in Miami Beach, FL. Added an office in Milan. Added an office in Naples, FL. Added an office in Waterloo, IL. No longer lists an office in Charlotte, NC. No longer lists an office in El Segundo, CA. No longer lists an office in Los Angeles, CA. No longer lists an office in Tarrytown, NY." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 1189794648.0, "total_employees": 444, "filing_date": "2021-03-31" }, { "period": "2022-10-01", "regulatory_assets_under_management": 3310734277.0, "total_employees": 539, "filing_date": "2022-03-31" }, { "period": "2023-10-01", "regulatory_assets_under_management": 3603016195.0, "total_employees": 624, "filing_date": "2023-03-31" }, { "period": "2024-10-01", "regulatory_assets_under_management": 5259680732.0, "total_employees": 804, "filing_date": "2024-08-27" }, { "period": "2025-10-01", "regulatory_assets_under_management": 8955406884.0, "total_employees": 939, "filing_date": "2025-05-30" }, { "period": "2026-10-01", "regulatory_assets_under_management": 19637993752.0, "total_employees": 924, "filing_date": "2026-08-26" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Regulatory assets under management went from $8,955,406,884 to $19,637,993,752 (+119%).", "Employees performing advisory functions went from 653 to 597.", "Changed its office addresses in Amsterdam.", "Changed its office addresses in Hong Kong.", "Changed its office addresses in Luxembourg.", "Changed its office addresses in Stockholm.", "Added an office in Miami Beach, FL.", "Added an office in Milan.", "Added an office in Naples, FL.", "Added an office in Waterloo, IL.", "No longer lists an office in Charlotte, NC.", "No longer lists an office in El Segundo, CA.", "No longer lists an office in Los Angeles, CA.", "No longer lists an office in Tarrytown, NY." ] } ], "fees_from_brochure": { "source": "Form ADV Part 2A brochure dated March 27, 2026", "tiers": [], "flat_rate": null, "stated_range": "0.3% to 1.5% a year", "stated_maximum": null, "account_minimum": "None", "account_minimum_may_be_waived": false, "minimum_annual_fee": null, "figures": [ { "label": "Asset-based fee", "statements": [ "Asset-based fee: 0.3% to 1.5% a year (a range, as the brochure states it)" ], "quotes": [ "Advisory Fees paid by public investment fund Clients are asset-based fees ranging from 0.3% to 1.5%." ] }, { "label": "Account minimum", "statements": [ "Account minimum: None" ], "quotes": [ "The minimum investment is stated in the applicable Governing Documents; however, ACM II’s Clients generally do not have investment minimums." ] } ], "quotes": [ "Advisory Fees paid by public investment fund Clients are asset-based fees ranging from 0.3% to 1.5%.", "The minimum investment is stated in the applicable Governing Documents; however, ACM II’s Clients generally do not have investment minimums." ], "note": "As stated in the firm's brochure; fees can differ by service and may be negotiable." }, "custodians": [ { "name": "Caceis", "name_as_filed": "CACEIS", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/ares-capital-management-ii-llc-los-angeles-ca-157292.md", "clients": [ { "type": "investment_companies", "label": "Investment companies", "count": 10, "fewer_than_5": false, "raum": 8532912995.0 }, { "type": "business_development_companies", "label": "Business development companies", "count": 1, "fewer_than_5": false, "raum": 3455029000.0 }, { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 17, "fewer_than_5": false, "raum": 7509464453.0 }, { "type": "other", "label": "Other", "count": null, "fewer_than_5": true, "raum": 140587304.0 } ], "disclosure_line": "Reports 3 disclosure items on Form ADV Item 11.", "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157292", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }