AMP Limited and Ares Management entered into a non-binding heads of agreement to pursue a joint venture for AMP Capital’s private markets businesses of infrastructure equity and infrastructure debt, real estate and other minority investments.
Ares Management appointed John Knox Australia and New Zealand chairman of Ares SSG, furthering focus on Asia Pacific business expansion. Knox is the former CEO of Credit Suisse Australia.
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.