X0202 13F-HR LIVE false false false 0001259313 XXXXXXXX 03-31-2026 03-31-2026 false ARES MANAGEMENT LLC

1800 AVENUE OF THE STARS SUITE 1400 LOS ANGELES CA 90067

13F HOLDINGS REPORT 028-12990 000130074 801-63800 Y In accordance with Special Instruction 9 to Form 13F, fair market value represents the value at the close of trading on the last trading day of the calendar year or quarter, as applicable. The Reporting Manager may not have formal investment discretion with respect to all listed securities, but may be deemed to be part of a group exercising such investment discretion, including, but not limited to, any managers identified in the column captioned "Other Managers". The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange Act of 1934, as amended, and the rules thereunder, or for any other purpose, that the Reporting Manager or any Other Included Manager exercises investment discretion or is a member of such a group with respect to such securities. Reference is made to reports filed under Sections 13(d), 13(g), and 16(a) for additional information with respect to such beneficial ownership and/or pecuniary interest of the Reporting Manager, any Other Included Manager and related entities. The filing of this report shall not be deemed an admission, for purposes of Section 13(f), 13(d), 13(g), or 16(a) under the Securities Exchange Act of 1934, as amended, and the rules thereunder, or for any other purpose, that the Reporting Manager or any other person (including Other Included Managers named herein) is the beneficial owner of any securities. Richa Gulati 646-960-3838 /s/ Richa Gulati New York NY 05-15-2026 4 37 1517199895 1 0001684171 028-18057 000296665 ACOF Investment Management LLC 2 0001683967 028-18943 000296726 ASSF Operating Manager IV, L.P. 3 0001793548 028-21339 000300579 ASOF Investment Management LLC 4 0001684755 028-17562 000168076 Ares Capital Management III LLC