Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
holding | NONE | Class I Shares | 4K | Mar 31, 2022 | See Footnotes | F1, F2, F3 |
Id | Content |
---|---|
F1 | This statement is being filed jointly by (i) Ares Investments Holdings LLC ("Ares Investments"), (ii) Ares Holdings L.P. ("Ares Holdings"), (iii) Ares Holdco LLC ("Ares Holdco"), (iv) Ares Management Corporation ("Ares Management"), (v) Ares Voting LLC ("Ares Voting"), (vi) Ares Management GP LLC ("Ares Management GP"), (vii) Ares Partners Holdco LLC ("Ares Partners") and (viii) Ares Capital Management II LLC (collectively, the "Reporting Persons"). On February 24, 2022, in order to comply with Section 14(a)(1) of the Investment Company Act of 1940, as amended, Ares Investment provided the initial seed investment in the Issuer by acquiring 4,000 Class I Shares for $100,000. The sole member of Ares Investments is Ares Holdings. The general partner of Ares Holdings is Ares Holdco. |
F2 | 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 Arougheti, Ryan Berry, R. Kipp deVeer, David Kaplan, Antony Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions. |
F3 | 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 Common Stock, except to the extent of any pecuniary interest therein, and this Form 3 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. |