Ares Management’s subsidiary, Ares Holdings, completed its previously disclosed acquisition of a controlling interest in SSG Capital Holdings and its operating subsidiaries, an Asian alternative asset management firm.
Ares Management, an alternative investment manager, closed ts Ares Special Opportunities Fund. The fund was significantly oversubscribed at more than $3.5 billion of commitments relative to its $2 billion target.
Ares Management, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking reached a strategic agreement to collaborate on future business opportunities.
Ares Management completed its conversion to a corporation under Delaware law and changed its name from Ares Management, L.P. to Ares Management Corporation.