Ares Management, L.P. is a publicly traded, global alternative asset manager focused on alternative strategies, including credit, private equity, and real estate activities. The firm was established in 1997. The firms co-founders include Antony Ressler, Michael Arougheti, David Kaplan, John H. Kissick, and Bennett Rosenthal. Ares Capital Management LLC, a subsidiary of Ares Management, L.P. and an SEC-registered investment adviser, is the investment adviser to Ares Capital Corporation, a publicly traded closed-end, non-diversified specialty finance company that is regulated as a business development company, or a BDC, under the Investment Company Act of 1940. Established in 2004, Ares Capital Corporation provides financing for middle market acquisitions, recapitalizations, and leveraged buyouts, mainly in the United States.