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PE · PRIVATE EQUITY

Ares Private Markets Fund

ARES Commercial Real Estate · Tender offer fund (private equity, secondaries-led)

Program Overview

Tender offer fund (private equity, secondaries-led)
Ares Private Markets Fund
Peer Group Filters
Objectives
Capital Appreciation
Asset Class
Private Equity
Vehicle
Tender Offer Fund
Single / Multi Asset
Multi-Asset
Sponsor/Manager
Asset Class
Private Equity
Issuer
Ares Private Markets Fund
Issuer Legal Structure
Delaware Statutory Trust
Program Life Structure
Evergreen
Target Leverage
Maximum 33% debt-to-total-assets $1.7B revolver (Barclays et al.), matures 3/5/2027, SOFR+2.80%; secured by assets of subsidiary Ares Landmark Private Markets Fund-D, LLC (Portfolio Funds about 117.6% of NAV). $970.3M drawn 3/31/2026, about 18.3% of total assets (derived). Portfolio Fund leverage unlimited.
Strategy Risk/Return Profile
-
Managing Broker-Dealer
Scale
60,817,536 Class A shares outstanding · 732,709 Class D shares outstanding · 49,198,927 Class I shares outstanding
Maximum Offering
$8,000,000,000
Minimum Investment
$25,000
Class A Shares (AMSAX) · waivable
Strategy Overview

The prospectus states the Fund seeks attractive long-term capital appreciation by investing at least 80% of net assets plus investment borrowings in Private Assets. It invests principally through secondary purchases of interests in third-party private equity and other private asset funds, and to a lesser degree through primary fund commitments and direct co-investments, across buyout, growth, venture, special situations, infrastructure, real estate, private credit and GP stakes. It may over-commit against expected cash flows, borrow up to one-third of total assets, hold 5-10% in liquid assets and hedge currency.

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