Ares Management Announces Pricing of $1.1 Billion CLO

Ares XLIV CLO is Second Largest in Firm’s History and the Second
Largest Broadly Syndicated CLO Transaction in 2017

LOS ANGELES–(BUSINESS WIRE)–Ares Management, L.P. (NYSE:ARES) announced today the pricing of Ares
XLIV CLO Ltd., a $1.1 billion Collateralized Loan Obligation (“CLO”) and
the second largest in the firm’s history. Ares XLIV was sponsored by
Ares’ Credit Group and is the second largest broadly syndicated CLO in
2017. It is primarily comprised of broadly syndicated First Lien Senior
Secured U.S. Bank Loans. The closing of Ares XLIV is expected by the end
of the third quarter and is subject to customary closing conditions.

Ares Management is a leading global alternative asset manager and among
the largest CLO managers with more than $13 billion in CLOs managed in
the U.S. and Europe as of March 31, 2017. Ares XLIV represents Ares
Management’s third CLO in 2017 with an aggregate amount priced or closed
year to date of more than $2.3 billion. Ares sponsors and manages both
corporate and real estate CLOs.

This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the securities described herein,
nor shall there be any sale of these securities in any state or other
jurisdiction in which such offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of such
state or jurisdiction. The securities to be offered have not been
registered under the Securities Act of 1933 (the “Securities Act”) or
any state securities laws and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
requirements of the Securities Act and applicable state securities laws.
The securities will be offered inside the United States only to
qualified institutional buyers in reliance on Rule 144A under the
Securities Act and to persons outside the United States in reliance on
Regulation S under the Securities Act.

About Ares Management, L.P.

Ares Management, L.P. is a publicly traded, leading global alternative
asset manager with approximately $100 billion of assets under management
as of March 31, 2017 and more than 15 offices in the United States,
Europe, Asia and Australia. Since its inception in 1997, Ares has
adhered to a disciplined investment philosophy that focuses on
delivering strong risk-adjusted investment returns throughout market
cycles. Ares believes each of its three distinct but complementary
investment groups in Credit, Private Equity and Real Estate is a market
leader based on assets under management and investment performance. Ares
was built upon the fundamental principle that each group benefits from
being part of the greater whole. For more information, visit www.aresmgmt.com.

Forward Looking Statement:

Statements included herein may constitute “forward-looking statements”
within the meaning of the Private Securities Litigation Reform Act of
1995, which relate to future events or future performance or financial
condition. These statements are not guarantees of future performance,
condition or results and involve a number of risks and uncertainties.
Actual results may differ materially from those in the forward-looking
statements as a result of a number of factors, including those described
from time to time in Ares’ filings with the Securities and Exchange
Commission. Ares’ undertakes no duty to update any forward-looking
statements made herein.

Contacts

Investors:
Ares Management, L.P.
Carl Drake, 1-800-340-6597
cdrake@aresmgmt.com
or
Media:
Bill
Mendel, 212-397-1030
bill@mendelcommunications.com