Data-Driven Insights.
Deep Relationship Networks.
Secondary Market Innovation.
With over three decades of secondary market experience, the Ares Secondaries Group has been a pioneer and innovator across the real estate, private equity, infrastructure and credit asset classes. With over $27.3 billion in AUM as of September 30, 2024, we have invested across thousands of partnership interests, creating differentiation in proprietary transactions through our deeply established relationships with institutional investors and fund sponsors. Our team is supported by an in-house Quantitative Research Group
that generates leading analytics and research to support origination, underwriting, and portfolio management activities. We seek to partner with our investors to develop comprehensive investment solutions, while capitalizing on the potential benefits of secondary investing. Our objective is to deliver attractive returns to investors by providing access to enhanced diversification, smoothing of the “J-curve” and exposure to durable assets.
Ares Secondaries
Primary Role
Tenured global liquidity provider to limited and general partner community
Offices
New York, London, Boston, West Hartford, Dallas, Hong Kong, Palm Beach Gardens, Washington D.C.
Primary Areas of Focus
Global secondary solutions across North America, Europe and Asia
Types of Investments
LP Solutions, GP-Led Continuation Vehicles, Preferred Structures
Our “Four Pillars”
Thought Partner
Our thought partner approach utilizes proprietary tools, research and collaboration to help create innovative liquidity solutions for counter parties and seeks differentiated returns for investors.
Global Reach
Secondary transaction experience across sectors combined with a global Ares platform helps to drive deep relationships with both institutional investors and fund sponsors.
Quantitative Research
Integrated investment platform and our Quantitative Research Group help to drive insights and analytics that support origination, underwriting and portfolio management activities.
Tenured Leadership
Product innovation and tested deployment through multiple market cycles helps drive thought leadership and returns for our investors.
Secondaries Strategies
The Ares Secondaries Group launched one of the market’s first private equity secondaries funds in 1990 and has continued to be one of the pioneers in the secondaries market. Our Private Equity Secondaries strategy maintains a differentiated investment approach that utilizes our internal research processes to help provide customized transaction solutions to institutional investors and fund sponsors. We provide LP-led, GP-led and structured secondary solutions with a long-term and demonstrated performance history for our clients and partners. Our ability to be a thought partner with our counterparties and our use of innovative structures enhances our ability to underwrite investment opportunities as we seek to generate attractive risk-adjusted returns.
Our Real Estate Secondaries strategy has a demonstrated history of innovation through bespoke transaction solutions tailored to meet the needs of limited partners and general partners alike. We are generally recognized as originating the first significant transaction in the secondary market for private real estate funds in 1996. Since completing this large scale institutional real estate secondary transaction, we have positioned ourselves to capitalize on inefficiencies in the secondary market, through the development of a well-tenured dedicated investment team, in-house research, cross-platform resources and an extensive network across investor and fund sponsor communities. The cornerstone of our investment philosophy seeks to generate attractive risk-adjusted returns while creating a high degree of diversification across resilient real estate sectors and partnerships.
Launched in 2014, our Infrastructure Secondaries strategy seeks to accelerate the benefits of traditional infrastructure by providing diversified low risk exposure through preferred structure, traditional limited partnership and GP-led continuation vehicle transactions. We believe our tenured secondaries infrastructure investment team has specialized experience across the capital structure with diversified underwriting experience spanning various infrastructure sub-sectors. Our infrastructure secondaries program capitalizes on synergies with our private equity and real estate programs and leverages the depth and experience of our Quantitative Research Group to bolster our deployment activities. This, combined with the breadth of the Ares Infrastructure Debt and Equity platforms, creates a scale that can provide significant sourcing, diligence and execution edges.
The Ares Secondaries Group formalized its Credit Secondaries strategy in 2023, seeking to capitalize on the growth of the market and Ares’ leadership across the credit and secondaries asset classes. Our strategy is focused on constructing diversified portfolios of secondary credit interests, focusing on first lien debt with top performing managers. Our dedicated team represents a combination of our credit and secondaries capabilities, leveraging extensive industry experience and a cycle-tested investment approach that enable us to identify attractive risk-adjusted opportunities.
