Ares Management Corporation’s $3.5 Billion Fundraising

Kirkland & Ellis advised Ares Management Corporation on the deal.

Ares Management Corporation, a leading global alternative investment manager, closed its Ares Special Opportunities Fund, L.P. (ASOF). The fund was significantly oversubscribed at over $3.5 billion of commitments relative to its $2.0 billion target.

ASOF attracted strong interest from a diverse set of more than 70 limited partners from North America, Europe, Asia and the Middle East, and investors included pension funds, sovereign wealth funds, insurance companies, endowments, family offices and private banks. Approximately half of the ASOF investors had previously invested in another Ares fund and this group of limited partners accounted for over 80 percent of the Fund’s committed capital.

Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager operating integrated businesses across Credit, Private Equity and Real Estate. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent and attractive investment returns for fund investors throughout market cycles.

The Kirkland team advising Ares Management Corporation was led by investment funds partners Stephanie Berdik (Picture) and Andrew Roeder and associates Casey O’Brien and Alisha Patterson; transactional associates Han Park and Luke Schafer; tax partners Mike Carew and Meredith Levy and associate Miles Johnson; and employee benefits partner Liz Dyer.

Involved fees earner: Stephanie Berdik – Kirkland & Ellis; Mike Carew – Kirkland & Ellis; Elizabeth Dyer – Kirkland & Ellis; Miles Johnson – Kirkland & Ellis; Meredith Levy – Kirkland & Ellis; Casey O’Brien – Kirkland & Ellis; Han Park – Kirkland & Ellis; Alisha Patterson – Kirkland & Ellis; Andrew Roeder – Kirkland & Ellis; Luke Schafer – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Ares Management Corporation;

Author: Ambrogio Visconti