A portfolio of established private equity opportunities, with deal flows and due diligence similar to those that an institutional investor may receive.
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Ares Private Markets Fund (APMF or the “Fund”) is a private equity investment solution, anchored in secondary investments, that seeks to deliver attractive, long-term capital appreciation through market cycles.
Our goal is to reduce the risks of traditional private equity investing while providing enhanced diversification across managers and investments.1 The Fund’s accessible structure offers investors access to a portfolio of private equity assets, with enhanced transparency and liquidity through market cycles.2
96% secondaries4
Offering Terms
Initial/Subsequent Minimum Investment: $1,000,0006/$5,000
Maximum Sales Load: None
Distribution and Servicing Fees: None
Management Fees: 1.40% on managed assets7
Incentive Fee: 12.50% (subject to high watermark)
Expense Limitation Agreement: The Adviser has agreed to waive fees or assume expenses of the Fund so that “Other Expenses”6 do not exceed 0.30% per annum of the Fund’s average monthly net assets of each share class
Total Estimated Gross Expenses at NAV8: 2.58%
Total Estimated Net Expenses at NAV9: 2.40%
Offering Terms
Initial/Subsequent Minimum Investment: $25,000/$5,000
Maximum Sales Load: None
Distribution and Servicing Fees: 0.25%
Management Fees: 1.40% on managed assets7
Incentive Fee: 12.50% (subject to high watermark)
Expense Limitation Agreement: The Adviser has agreed to waive fees or assume expenses of the Fund so that “Other Expenses”6 do not exceed 0.30% per annum of the Fund’s average monthly net assets of each share class
Total Estimated Gross Expenses at NAV8: 2.83%
Total Estimated Net Expenses at NAV9: 2.65%
Offering Terms
Initial/Subsequent Minimum Investment: $25,000/$5,000
Maximum Sales Load: 3.50%
Distribution and Servicing Fees: 0.85%
Management Fees: 1.40% on managed assets7
Incentive Fee: 12.50% (subject to high watermark)
Expense Limitation Agreement: The Adviser has agreed to waive fees or assume expenses of the Fund so that “Other Expenses”6 do not exceed 0.30% per annum of the Fund’s average monthly net assets of each share class
Total Estimated Gross Expenses at NAV8: 3.43%
Total Estimated Net Expenses at NAV9: 3.25%
Talk to us about how we can help you when it comes to private markets investing.
Diversification cannot ensure a profit or protect against loss.
Fund expects to offer investors limited quarterly liquidity through a tender offer process. Under normal market conditions, the Fund's investment adviser, Ares Capital Management II LLC (the "Adviser") expects to recommend that the Fund repurchase 5% of its outstanding shares of beneficial interest of the Fund ("Shares") at their net asset value (NAV). No assurance can be given that such tender offers will be approved by the Fund's Board of Trustees. If a tender offer is oversubscribed, investors may be subject to a pro rata reduction in the Shares ultimately repurchased by the Fund unless the Fund increases the size of the tender offer. All terms of each tender offer will be publicly disclosed.
Although the Shares will be registered under the Securities Act, the Shares will be sold only to persons or entities that are both “accredited investors,” as defined in Section 501(a) of Regulation D under the Securities Act, and “qualified clients,” as defined in Rule 205-3 under the Advisers Act. The qualifications required to invest in the Fund will appear in subscription documents that must be completed by each prospective investor.
Risks: An investment in Shares is speculative with a substantial risk of loss. The Fund and the Adviser do not guarantee any level of return or risk on investments and there can be no assurance that the Fund’s investment objective will be achieved. You should carefully consider these risks together with all of the other information contained in the Prospectus before making a decision to invest in the Fund. See the Prospectus for more detail on specific risks of the Fund. Investors should carefully consider investment objectives, risks, charges and expenses of the Fund. This and other important information is contained in the Fund's Prospectus, which can be obtained from a financial professional or by clicking here. The Prospectus should be read carefully before investing.
"Assets Under Management" as used herein is calculated as the sum of (1) the Fund's "Managed Assets" as of October 31, 2024, which is defined as the total assets of the Fund (including any assets attributable to any borrowings or other indebtedness) minus the Fund's liabilities other than liabilities relating to borrowings or other indebtedness, and (2) the amount of capital received from subscriptions effective November 1, 2024 ($141.9 million).
The stated minimum investment for Class I Shares may be reduced for certain investors.
Managed Assets –The total assets of the Fund (including any assets attributable to any borrowings or other indebtedness or preferred shares that may be issued) minus the Fund’s liabilities other than liabilities relating to borrowings or other indebtedness.
Before other expenses are deducted. Other Expenses exclude the Advisory Fee, Incentive Fee, any Distribution and Servicing Fee, interest, taxes, brokerage commissions, acquired fund fees and expenses, dividend and interest expenses relating to short sales and extraordinary expenses, if any. The Expense Limitation Agreement (fee waiver) has a term ending on July 31, 2024, and the Adviser may extend the term for a period of one year on an annual basis, subject to the approval of the Board, including a majority of the Independent Trustees.
After other expenses are deducted. Other Expenses exclude the Advisory Fee, Incentive Fee, any Distribution and Servicing Fee, interest, taxes, brokerage commissions, acquired fund fees and expenses, dividend and interest expenses relating to short sales and extraordinary expenses, if any. The Expense Limitation Agreement (fee waiver) has a term ending on July 31, 2024, and the Adviser may extend the term for a period of one year on an annual basis, subject to the approval of the Board, including a majority of the Independent Trustees.
Please read the applicable Ares Private Markets Fund or Ares Strategic Income Fund (Funds) Prospectus prior to making any investment decision and consider carefully the Funds’ investment objectives, risks, charges, expenses and other important information described therein. A copy of the Funds Prospectuses, which contain this and other information about the Fund, must be made available to you in connection with any offering of the Shares. Click here to view the Funds' Prospectuses. The Funds prospectuses do not constitute an offer to sell securities, nor a solicitation of an offer to buy their Shares in any state where the offer or sale is not permitted.
Ares Wealth Management Solutions does not offer investment advice. Individuals should consult a professional investment advisor.
Investments in the Ares Private Markets Fund or Ares Strategic Income Fund are not suitable for all investors. Investing in shares of the Funds involves a high degree of risk, including the risk that payment of distributions is uncertain and cannot be guaranteed, the risk that an investment is not liquid, and the risk that stockholders may lose the entire amount of their investment. Please review the APMF Summary Risk Factors and the Prospectus, and the ASIF Summary Risk Factors and the Prospectus for a complete list of the risks associated with the Ares Private Markets Fund and Ares Strategic Income Fund investments.
No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the SEC nor any other state securities regulator has approved or disapproved of the securities described in the prospectus or determined if the prospectus is truthful or complete. In addition, the Attorney General of the state of New York has not passed on or endorsed the merits of the offering. Any representation to the contrary is a criminal offense. Fund shares will be offered to the public through Ares Wealth Management Solutions, LLC, member of Financial Industry Regulatory Authority (FINRA) and SIPC, which will act as the dealer manager, and through other members of FINRA or with the assistance of registered investment advisors.
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Our prospectuses are provided in Adobe PDF format. The Adobe Reader software can be downloaded here.
NOT A DEPOSIT • NOT FDIC INSURED • NOT GUARANTEED BY THE BANK • MAY LOSE VALUE • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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AccessAres is the thought-leadership and educational division of Ares Wealth Management Solutions. The materials distributed by AccessAres are for informational purposes only and do not constitute investment advice or a recommendation to buy, sell or hold any security, investment strategy or market sector. Ares Wealth Management Solutions is a global brand of Ares Management Corporation.
AccessAres is the thought-leadership and educational division of Ares Wealth Management Solutions. The materials distributed by AccessAres are for informational purposes only and do not constitute investment advice or a recommendation to buy, sell or hold any security, investment strategy or market sector. Ares Wealth Management Solutions is a global brand of Ares Management Corporation.