Ares Corporate Opportunities Fund

Ares Corporate Opportunities Fund VI (ACOF VI) has shown strong performance, with recent updates indicating positive momentum. For example, as of Q1 2021, ACOF V was up 16% on the quarter and returning 8%+ gross. While specific performance details for ACOF VI aren't explicitly mentioned, the trajectory suggests a solid track record. Regarding Fund VII, there isn't direct information on its closing progress, but Ares has historically been active in fundraising and maintaining momentum across its funds.

Compensation at the Associate/Senior Associate level: Ares is known for offering competitive pay, aligning with its reputation as a top-tier firm. However, the demanding culture and long hours are notable trade-offs. Associates and Senior Associates can expect strong compensation packages, but the work environment is intense, with banking-type hours and a cutthroat promotion process.

Culture in the LA office: The LA office has a mixed reputation. While Ares is recognized as a prestigious firm, the culture has been described as challenging, with a focus on process, memo creation, and a closed-door environment. There is also an emphasis on retaining junior talent, but the culture has historically been considered toxic by some. On the positive side, there is mobility between groups, and the firm fosters collaboration when needed.

Sources: Ares Capital Management - Culture, Status, Word on the Street, —, LA PE Firms Rep / Culture - LGP, Ares, Platinum Equity, Marlin Equity, Thoughts on Ares Alternative Credit