Ares Private Markets Fund (APMF)

Differentiated Access to Private Equity, Principally Through Secondary Investing

Class I Share

$24.83 NAV per share and Transaction Price For subscriptions accepted as of June 1, 2022 More Information

Introduction

Ares Private Markets Fund is a diversified private equity investment solution that seeks to deliver attractive, long-term capital appreciation.

Our dynamic and flexible allocation to private equity, anchored principally in traditional secondaries, helps to reduce J-curve and vintage risk, while providing enhanced manager and investment diversification. The Fund is offered in an investor-friendly structure which allows individual investors the ability to get invested in – and stay invested in – institutional-quality private equity assets, with the benefits of enhanced transparency and liquidity through market cycles1, with historically low correlation to public equities.

Why Ares Private Markets Fund?

  • Cycle-tested platform and team: Landmark Partners, an Ares Company, is a market-leading secondaries platform with 30+ year history, track record and experience investing across private markets through market cycles. Learn more about Ares Secondaries Solutions Group here.
  • Risk Management Strategy: Dynamic and diversified allocation to private equity, executed primarily through traditional LP secondaries and GP-led transactions, helps to reduce J-curve, vintage and single-manager risk that would exist with a direct LP or GP investment. See the notes at the bottom of the page for information about risks of an investment in the Fund.
  • Strategic Alignment: Investors can benefit from similar deal flow as institutional investors; Gain access to a seed portfolio of seasoned assets.
  • Enhanced Visibility: Transparency into underlying assets and ability to deploy capital at NAV.
  • Attractive Early-Stage Economics: Discounted management fee payable quarterly until March 31, 2023.
  • Investor-Friendly Structure: ’40 Act registered, which allows for monthly purchases, quarterly liquidity, and 1099 reporting.1
  • Broad Eligibility: Accredited Investors that are also Qualified Clients in taxable and tax-exempt (qualified) accounts.2

Potential Benefits

  • Opportunity for long-term capital appreciation, with low correlation to public equities
  • Opportunity to reduce J-curve and vintage risk, while providing enhanced manager and investment diversification3

Portfolio At-A-Glance

As of May 31, 2022

$257.6M Assets Under Management
10 Total Investments
View Fact Sheet for Detailed Information

Share Class Overview

As of May 31, 2022

$24.83
NAV per share and Transaction Price
For subscriptions accepted as of June 1, 2022

Offering Terms

Initial/Subsequent Minimum Investment: $1,000,0004/$5,000

Maximum Sales Load: None

Distribution and Servicing Fee: None

Management Fees:

  • 0.25% on managed assets5 payable quarterly until March 31, 2023
  • 1.40% on managed assets thereafter

Incentive Fee: 12.50% per annum payable quarterly, subject to a high-water mark with a reset mechanism

Expense Limitation Agreement: The Adviser has agreed to waive fees or assume expenses of the Fund so that “Other Expenses”6 do not exceed 0.30% per annum of the Fund’s average monthly net assets of each share class

Total Estimated Gross Expenses at NAV 6: 3.66%

Total Estimated Net Expenses at NAV7: 2.18%

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