{
  "crd_number": 131619,
  "slug": "ares-capital-management-llc-los-angeles-ca-131619",
  "primary_business_name": "ARES CAPITAL MANAGEMENT LLC",
  "legal_name": "ARES CAPITAL MANAGEMENT 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": "2004-05-18",
  "years_registered": 22,
  "period": "2026-10-01",
  "filing_date": "2026-08-26",
  "carried_forward": false,
  "raum_total": 97616716509.0,
  "raum_discretionary": 91277314453.0,
  "raum_non_discretionary": 6339402056.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 634,
  "advisory_employees": 411,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 1006965454.0,
      "count": null,
      "description": "SEPARATELY MANAGED ACCOUNTS",
      "fewer_than_5": true
    },
    "banking_thrift": {
      "raum": 2200837489.0,
      "count": null,
      "fewer_than_5": true
    },
    "state_municipal": {
      "raum": 405014433.0,
      "count": null,
      "fewer_than_5": true
    },
    "insurance_companies": {
      "raum": 2601885927.0,
      "count": 7
    },
    "other_investment_advisers": {
      "raum": 1023250912.0,
      "count": null,
      "fewer_than_5": true
    },
    "pooled_investment_vehicles": {
      "raum": 31377117512.0,
      "count": 37
    },
    "business_development_companies": {
      "raum": 53944138112.0,
      "count": 2
    },
    "sovereign_wealth_foreign_official": {
      "raum": 5057506670.0,
      "count": null,
      "fewer_than_5": true
    }
  },
  "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",
    "DE",
    "FL",
    "GA",
    "IL",
    "IN",
    "KS",
    "MA",
    "MD",
    "MO",
    "NY",
    "OH",
    "TX"
  ],
  "websites": [
    "https://arescapitalcorp.com",
    "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/131619",
  "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-llc-los-angeles-ca-131619",
  "display_name": "Ares Capital Management LLC",
  "summary": "Ares Capital Management LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2004, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 26, 2026.",
  "citation": "AdvisorCensus. Ares Capital Management LLC (CRD 131619): 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 LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Ares Capital Management LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Ares Capital Management LLC located?",
      "a": "Ares Capital Management LLC's principal office is in Los Angeles, CA, according to its Form ADV; the September 2026 filing also lists 9 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is Ares Capital Management LLC registered with the SEC or a state?",
      "a": "Ares Capital Management LLC is an SEC-registered investment advisory firm, registered since 2004. Status as filed: Approved. CRD 131619."
    },
    {
      "q": "How much does Ares Capital Management LLC manage?",
      "a": "Ares Capital Management LLC reports $97,616,716,509 in regulatory assets under management in its Form ADV filing dated August 26, 2026 (94% discretionary)."
    },
    {
      "q": "How have Ares Capital Management LLC's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Ares Capital Management LLC: Regulatory assets under management: $43,695,235,063 in the October 2021 data and $97,616,716,509 in the October 2026 data, up 123%. Total employees: 264 in October 2021 and 634 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 LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (37); insurance companies (7); business development companies (2)."
    },
    {
      "q": "Which custodians does Ares Capital Management LLC use?",
      "a": "Ares Capital Management LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Ares Capital Management 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/131619"
    },
    {
      "q": "What changed in Ares Capital Management LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 477 to 411. Regulatory assets under management went from $85,086,073,401 to $97,616,716,509 (+15%). Added an office in Denver, CO. Added an office in London. Added an office in Miami Beach, FL. No longer lists an office in Amsterdam. No longer lists an office in Dallas, TX. No longer lists an office in Frankfurt. No longer lists an office in Los Angeles, CA. No longer lists an office in Luxembourg. No longer lists an office in Madrid. No longer lists an office in Paris. No longer lists an office in Stockholm. No longer lists an office in Tarrytown, NY. Registered or notice-filed in CO, FL, KS."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 43695235063.0,
      "total_employees": 264,
      "filing_date": "2021-03-31"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 55367821017.0,
      "total_employees": 295,
      "filing_date": "2022-08-23"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 60279517690.0,
      "total_employees": 438,
      "filing_date": "2023-08-22"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 68586996767.0,
      "total_employees": 654,
      "filing_date": "2024-08-27"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 85086073401.0,
      "total_employees": 699,
      "filing_date": "2025-05-30"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 97616716509.0,
      "total_employees": 634,
      "filing_date": "2026-08-26"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 477 to 411.",
        "Regulatory assets under management went from $85,086,073,401 to $97,616,716,509 (+15%).",
        "Added an office in Denver, CO.",
        "Added an office in London.",
        "Added an office in Miami Beach, FL.",
        "No longer lists an office in Amsterdam.",
        "No longer lists an office in Dallas, TX.",
        "No longer lists an office in Frankfurt.",
        "No longer lists an office in Los Angeles, CA.",
        "No longer lists an office in Luxembourg.",
        "No longer lists an office in Madrid.",
        "No longer lists an office in Paris.",
        "No longer lists an office in Stockholm.",
        "No longer lists an office in Tarrytown, NY.",
        "Registered or notice-filed in CO, FL, KS."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Bank of New York Mellon",
      "name_as_filed": "BANK OF NEW YORK MELLON",
      "affiliated": false
    },
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "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-llc-los-angeles-ca-131619.md",
  "clients": [
    {
      "type": "banking_thrift",
      "label": "Banking or thrift institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 2200837489.0
    },
    {
      "type": "business_development_companies",
      "label": "Business development companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 53944138112.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 37,
      "fewer_than_5": false,
      "raum": 31377117512.0
    },
    {
      "type": "state_municipal",
      "label": "State or municipal government entities (including government pension plans)",
      "count": null,
      "fewer_than_5": true,
      "raum": 405014433.0
    },
    {
      "type": "other_investment_advisers",
      "label": "Other investment advisers",
      "count": null,
      "fewer_than_5": true,
      "raum": 1023250912.0
    },
    {
      "type": "insurance_companies",
      "label": "Insurance companies",
      "count": 7,
      "fewer_than_5": false,
      "raum": 2601885927.0
    },
    {
      "type": "sovereign_wealth_foreign_official",
      "label": "Sovereign wealth funds and foreign official institutions",
      "count": null,
      "fewer_than_5": true,
      "raum": 5057506670.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 1006965454.0
    }
  ],
  "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/131619",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}