Ares Corporate Opportunities Fund
How has fund VI performed thus far and how are they tracking towards closing fund VII? Any idea what comp looks like at the assoc/sr assoc level? Any insight on culture as well in the LA office would be appreciated.
How has fund VI performed thus far and how are they tracking towards closing fund VII? Any idea what comp looks like at the assoc/sr assoc level? Any insight on culture as well in the LA office would be appreciated.
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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
Complete turnover of the team the last few years cause of terrible fundraising. They’re on their last breath. Check glassdoor
Hey - just curious and for my learning why has ACOF been struggling with fundraising? It seems that their most recently closed fund VI has performed pretty well IRR-wise while their TVPI and DPI numbers are reasonably acceptable in today's market. But I see what you mean with ACOF VII which has been on the road for more than 2 years now
Look at their fund V - its their largest fund. Fund VI is way too early to give them credit
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