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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 11)*
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Ares Management Corporation (Name of Issuer) |
Class A common stock, par value $0.01 per share (Title of Class of Securities) |
(CUSIP Number) |
06/30/2026 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
| Rule 13d-1(b) |
| Rule 13d-1(c) |
| Rule 13d-1(d) |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Ares Partners Holdco LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
107,110,305.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
32.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
SCHEDULE 13G
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| CUSIP No. |
| 1 | Names of Reporting Persons
Ares Owners Holdings L.P. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b) | ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
107,110,305.00 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
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| 11 | Percent of class represented by amount in row (9)
32.4 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
PN |
SCHEDULE 13G
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| Item 1. | |
| (a) | Name of issuer:
Ares Management Corporation |
| (b) | Address of issuer's principal executive offices:
1800 Avenue of the Stars, Suite 1400, Los Angeles, CA 90067 |
| Item 2. | |
| (a) | Name of person filing:
This statement is filed by the entities and persons listed below, each of whom is referred to herein as a "Reporting Person" and together as the "Reporting Persons":
1. Ares Partners Holdco LLC ("Ares Partners")
2. Ares Owners Holdings L.P. ("Ares Owners") |
| (b) | Address or principal business office or, if none, residence:
1800 Avenue of the Stars, Suite 1400
Los Angeles, California 90067 |
| (c) | Citizenship:
See response to row 4 on each cover page hereto. |
| (d) | Title of class of securities:
Class A common stock, par value $0.01 per share |
| (e) | CUSIP No.:
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| Item 4. | Ownership |
| (a) | Amount beneficially owned:
See response to row 9 on each cover page hereto.
The securities reported on this Schedule 13G include an aggregate of 4,281,729 Class A Shares held by Ares Owners and an aggregate of 102,828,576 AOG Units held by Ares Owners. The general partner of Ares Owners 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 (each a "Board Member" and collectively, the "Board Members"). Mr. Ressler generally has veto authority over decisions of the Board Members. Based on information reported in Statements on Schedule 13G filed by, or information received from, the Board Members, the Class A Shares held by Ares Owners, if aggregated with other Class A Shares beneficially owned by each of the individual Board Members, would equal 112,079,605 Class A Shares in the aggregate, which includes (i) 102,828,576 shares that may be acquired upon the exchange of AOG Units held by Ares Owners and (ii) 2,125,000 Class A Shares issuable to certain of the Board Members upon the vesting of restricted stock units ("RSUs"), representing an aggregate of 33.7% of the outstanding Class A Shares (based on 227,372,228 outstanding Class A Shares as of June 30, 2026, as increased by (i) 102,828,576 Class A Shares issuable in respect of 102,828,576 AOG Units held by Ares Owners and (ii) 2,125,000 Class A Shares issuable to certain of the Board Members upon the vesting of RSUs). |
| (b) | Percent of class:
See response to row 11 on each cover page hereto.
The percentage reflected on the cover pages to this Schedule 13G is calculated based on an aggregate of 227,372,228 Class A Shares outstanding as of June 30, 2026, as reported by the Issuer, as increased by 102,828,576 Class A Shares issuable in respect of 102,828,576 AOG Units held by Ares Owners. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
See response to row 5 on each cover page hereto. | |
| (ii) Shared power to vote or to direct the vote:
See response to row 6 on each cover page hereto. | |
| (iii) Sole power to dispose or to direct the disposition of:
See response to row 7 on each cover page hereto. | |
| (iv) Shared power to dispose or to direct the disposition of:
See response to row 8 on each cover page hereto. | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
See Exhibit A. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
Not Applicable
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| Item 10. | Certifications: |
Not Applicable
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| 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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Exhibit Information
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https://www.sec.gov/Archives/edgar/data/1620263/000110465919008758/a19-4665_8ex99d1.htm |