SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
|
ARES PRIVATE MARKETS FUND (Name of Issuer) |
CLASS A, CLASS D AND CLASS I SHARES OF BENEFICIAL INTEREST (Title of Class of Securities) |
MULTIPLES (CUSIP Number) |
Andrew Flippo c/o Ares Capital Management II LLC, 245 Park Avenue, 44th Floor New York, NY, 10167 (212) 750-7300 Philippa Bond, P.C. 2049 Century Park East, 37th Floor Los Angeles, CA, 90067 000-000-0000 Kirkland & Ellis LLP 2049 Century Park East, 37th Floor Los Angeles, CA, 90067 000-000-0000 Nicole M. Runyan, P.C. 601 Lexington Avenue, New York, NY, 10022 000-000-0000 Kim E. Kaufman 601 Lexington Avenue, New York, NY, 10022 000-000-0000 Kirkland & Ellis LLP 601 Lexington Avenue, New York, NY, 10022 000-000-0000 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
06/05/2025 (Date of Event Which Requires Filing of This Statement) |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Capital Management II LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
4,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
0.01 % | ||||||||
14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Investments Holdings LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
4,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
0.01 % | ||||||||
14 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Holdings L.P. | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
3,004,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
3.9 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
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CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Holdco LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
3,004,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
3.9 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Management Corporation | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
3,004,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
3.9 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Voting LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
3,004,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
3.9 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Partners Holdco LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
3,004,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
3.9 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
CUSIP No. | MULTIPLES |
1 |
Name of reporting person
Ares Management GP LLC | ||||||||
2 | Check the appropriate box if a member of a Group (See Instructions)
(a)
(b) | ||||||||
3 | SEC use only | ||||||||
4 |
Source of funds (See Instructions)
OO | ||||||||
5 |
Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)
| ||||||||
6 | Citizenship or place of organization
DELAWARE
| ||||||||
Number of Shares Beneficially Owned by Each Reporting Person With: |
| ||||||||
11 | Aggregate amount beneficially owned by each reporting person
3,004,000.00 | ||||||||
12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)
| ||||||||
13 | Percent of class represented by amount in Row (11)
3.9 % | ||||||||
14 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13D
|
Item 1. | Security and Issuer | |
(a) | Title of Class of Securities:
CLASS A, CLASS D AND CLASS I SHARES OF BENEFICIAL INTEREST | |
(b) | Name of Issuer:
ARES PRIVATE MARKETS FUND | |
(c) | Address of Issuer's Principal Executive Offices:
245 PARK AVENUE, 44TH FLOOR, New York,
NEW YORK
, 10167. | |
Item 1 Comment:
This Amendment No. 1 ("Amendment No. 1") amends the Schedule 13D filed on April 11, 2022 (the "Schedule 13D"). This Amendment No. 1 relates to shares of beneficial interests of Ares Private Markets Fund (the "Issuer" or "Fund"). For purposes of this Amendment No. 1, the term "Shares" includes each of the three classes of Shares designated by the Fund as Class A shares, Class D shares, and Class I shares. The principal executive office of the Fund is located at 245 Park Avenue, 44th Floor, New York, NY 10167. Unless specifically amended hereby, the disclosures set forth in the Schedule 13D remain unchanged. Capitalized terms used but not otherwise defined herein have the meanings given to them in the Schedule 13D. | ||
Item 2. | Identity and Background | |
(b) | Item 2(b) is hereby amended and restated in its entirety as follows:
The address of the principal business and principal office of each of the Reporting Persons and the Board Members (as defined below) and the other individuals set forth in Schedule A on Exhibit 99.1 to this Schedule 13D (such other individuals, together with the Board Members, the "Managers"), excluding Ares Capital Management II LLC, is c/o Ares Management LLC, 1800 Avenue of the Stars, Suite 1400, Los Angeles, California 90067. The address of the principal business and principal office of Ares Capital Management II LLC is 245 Park Avenue, 44th Floor, New York, New York 10167. | |
(c) | Item 2(c) is hereby amended and restated in its entirety as follows:
Ares Capital is a registered investment adviser and serves as investment adviser to the Issuer. The Reporting Persons are either holding companies without operations, or are principally engaged in the business of investment management and investing in securities. The reported securities include 3,000,000 Class I Shares directly held by Ares Holdings and 4,000 Class I Shares directly held by Ares Investments. The sole member of Ares Investments is Ares Holdings. The general partner of Ares Holdings is Ares Holdco. The sole member of Ares Holdco is Ares Management. Ares Management GP is the sole holder of the Class B common stock, $0.01 par value per share, of Ares Management (the "Ares Class B Common Stock") and Ares Voting is the sole holder of the Class C common stock, $0.01 par value per share, of Ares Management (the "Ares Class C Common Stock"). The sole member of both Ares Management GP and Ares Voting is Ares Partners. 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"). Each of the Reporting Persons (other than Ares Investments with respect to Class I Shares directly held by it) and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the Shares, except to the extent of any pecuniary interest therein, and this Schedule 13D 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. | |
(f) | Item 2(f) is hereby amended and restated in its entirety as follows:
Each of the Reporting Persons is organized in the State of Delaware. Each of the Managers is a citizen of the United States. | |
Item 5. | Interest in Securities of the Issuer | |
(a) | Item 5(a) is hereby amended and restated in its entirety as follows:
The reported securities include 3,000,000 Class I Shares directly held by Ares Investments and 4,000 Class I Shares directly held by Ares Holdings, a wholly-owned subsidiary of the Reporting Person. The reported 3,004,000 Shares represent 3.9% of the Shares outstanding as of March 31, 2025, based on information received from the Issuer. | |
(b) | Item 5(b) is hereby amended and restated in its entirety as follows:
The information set forth in rows 7 through 11 of the cover pages of this Amendment No. 1 is incorporated herein by reference. | |
(c) | The Reporting Persons did not effect any transactions with respect to the Issuer's Shares during the past sixty days or since the most recent filing of Schedule 13D. | |
(d) | Not Applicable. | |
(e) | Item 5(e) is hereby amended and restated in its entirety as follows:
As of June 5, 2025, none of the Reporting Persons beneficially own more than five percent of the outstanding Shares. |
SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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