<SEC-DOCUMENT>0001104659-24-015639.txt : 20240212
<SEC-HEADER>0001104659-24-015639.hdr.sgml : 20240212
<ACCEPTANCE-DATETIME>20240212185645
ACCESSION NUMBER:		0001104659-24-015639
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240212
DATE AS OF CHANGE:		20240212

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Corp
		CENTRAL INDEX KEY:			0001176948
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		IRS NUMBER:				954656677
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90773
		FILM NUMBER:		24621985

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3102014100

	MAIL ADDRESS:	
		STREET 1:		2000 AVE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES MANAGEMENT LP
		DATE OF NAME CHANGE:	20020701

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RESSLER ANTONY P
		CENTRAL INDEX KEY:			0001025978
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	MAIL ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>tm245692d2_sc13ga.htm
<DESCRIPTION>SC 13G/A
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE 13G</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Amendment No.&nbsp;5)*</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 18pt"><B>Ares Management
Corporation</B></FONT><B><FONT STYLE="font-size: 10pt"><BR>
</FONT>(Name of Issuer)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Class&nbsp;A common stock, par value $0.01
per share<BR>
(Title of Class&nbsp;of Securities)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>03990B 101<BR>
(CUSIP Number)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>December&nbsp;31, 2023<BR>
(Date of Event Which Requires Filing of this Statement)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the Appropriate Box to Designate the Rule&nbsp;Pursuant to Which
this Schedule Is Filed:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule&nbsp;13d-1(b)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule&nbsp;13d-1(c)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT>&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rule&nbsp;13d-1(d)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* The remainder of this cover page&nbsp;shall be filled out for a
reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required on the remainder of this cover page&nbsp;shall
not be deemed to be &ldquo;filed&rdquo; for the purpose of Section&nbsp;18 of the Securities Exchange Act of 1934 (&ldquo;<U>Act</U>&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the <I>Notes</I>).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border: Black 1pt solid; font-size: 10pt">1.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Names of Reporting Persons</P>
                                                                                                                                                                  <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Antony P. Ressler</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">2.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check The Appropriate Box if a Member of a Group (See Instructions)</P>
                                                                                                                                     <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(a)&nbsp; <FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT>&#9;
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(b)&nbsp;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">3.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt">SEC
    Use Only</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">4.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Citizenship or Place of Organization</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>USA</B></P></TD></TR>
  <TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt; text-align: center">Number
    of Shares<BR>
 Beneficially Owned <BR>
By Each Reporting <BR>
Person With</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top; font-size: 10pt">5.&#9;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; vertical-align: top"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sole Voting Power</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.25pt"><B>0</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt">6.&#9;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shared Voting Power</P>
                                                                                                                         <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>130,294,487<SUP>(1)</SUP></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt">7.&#9;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sole Dispositive Power</P>
                                                                                                                         <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>0</B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt">8.&#9;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Shared Dispositive Power</P>
                                                                                                                         <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>130,294,487<SUP>(1)</SUP></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">9.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
                                                                                                                                     <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>130,294,487<SUP>(1)</SUP></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">10.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; font-size: 10pt">Check
    if the Aggregate Amount in Row (9)&nbsp;Excludes Certain Shares (See Instructions)&#9;<FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#168;</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">11.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Percent of Class&nbsp;Represented by Amount in Row (9)</P>
                                                                                                                                     <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>43.06%<SUP>(2)</SUP></B></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; font-size: 10pt">12.&#9;</TD>
    <TD COLSPAN="3" STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Type of Reporting Person (See Instructions)</P>
                                                                                                                                     <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>IN</B></P></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; width: 16%">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; width: 4%">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 7pt; padding-left: 0.1in; width: 76%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(1)&nbsp;Represents (i)&nbsp;13,269,729 shares of Class&nbsp;A common
stock, par value $0.01 per share, of Issuer (&ldquo;Class&nbsp;A Shares&rdquo;) and (ii)&nbsp;117,024,758 partnership units of the Ares
Operating Group, which are convertible one for one into Class&nbsp;A Shares, subject to certain restrictions (&ldquo;AOG Units&rdquo;),
all of which are held by Ares Owners Holdings L.P. (&ldquo;Ares Owners&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(2)&nbsp;Calculated based on (i)&nbsp;185,586,803 Class&nbsp;A Shares
outstanding as of October&nbsp;31, 2023, as reported in the Issuer&rsquo;s Form&nbsp;10-Q filed November&nbsp;6, 2023, as increased by
(ii)&nbsp;117,024,758 Class&nbsp;A Shares issuable upon conversion of 117,024,758 AOG Units held by Ares Owners.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding: 5.05pt 2.15pt"><B>Item 1(a).</B></TD>
    <TD STYLE="width: 85%; padding: 5.05pt 2.15pt"><B>Name of Issuer:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;Ares Management Corporation (the &ldquo;Issuer&rdquo;)</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 1(b).</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Address of Issuer&rsquo;s Principal Executive Offices:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">2000 Avenue of the Stars,
    12<SUP>th</SUP> Floor</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">Los Angeles, California
    90067</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 2(a).</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Names of Persons Filing:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">This statement is filed by Antony P. Ressler, referred to herein as the &ldquo;<U>Reporting Person</U>.&rdquo;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 2(b).</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Address of the Principal Business Office or, if None, Residence:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="background-color: white">2000 Avenue of the Stars,
    12<SUP>th</SUP> Floor</FONT></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2.05pt; text-indent: -2.05pt; background-color: white"><FONT STYLE="background-color: white">Los
    Angeles, California 90067</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 2(c).</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Citizenship:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">See response to Item 4 on the cover page.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 2(d).</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Title of Class&nbsp;of Securities:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Class&nbsp;A common stock, $0.01 par value per share</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 2(e).</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>CUSIP Number:</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">03990B 101</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 3.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>If this statement is filed pursuant to Rules&nbsp;13d-1(b), or 13d-2(b)&nbsp;or (c), check
    whether the person filing is a(n):</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Not Applicable.</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt; width: 15%"><B>Item 4.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt; width: 85%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.1pt"><B>Ownership.</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information contained on the cover page&nbsp;to this Schedule
    13G is incorporated herein by reference.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 2.1pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;(a)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239; &#8239;<B>Amount
    beneficially owned:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 5.25pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;See response to Item 9 on the cover
    page.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;(b)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<B>Percent
    of Class:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-indent: 5.25pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;See response to Item 11 on the
    cover page.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&#8239;&#8239;(c)
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<B>&#8239;Number of shares as to which the Reporting Person has:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(i)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;
    &#8239;<B>Sole power to vote or to direct the vote:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 5.25pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;See response to Item 5 on the cover
    page.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;(ii)
    &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<B>Shared power to vote or to direct the vote:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: 5.25pt">&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;See response to Item 6 on the cover page.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in">(iii) &#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<B>Sole
    power to dispose or to direct the disposition of:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;See response to Item 7 on the cover
    page.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4.5pt; text-indent: 0.5in">(iv)&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<B>Shared
    power to dispose or to direct the disposition of:</B></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&#8239;See response to Item 8 on the cover
    page.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt">The reported securities include 13,269,729 Class&nbsp;A
    Shares and 117,024,758 AOG Units held by Ares Owners. Ares Partners Holdco LLC (&ldquo;Ares Partners&rdquo;) is the general partner
    of Ares Owners. Ares Partners is managed by a board of managers, which is composed of the Reporting Person, Michael J Arougheti,
    Ryan Berry, R. Kipp deVeer, David B. Kaplan and Bennett Rosenthal (each, a &ldquo;Board Member&rdquo; and collectively, the &ldquo;Board
    Members&rdquo;). The Reporting Person generally has veto authority over decisions of the Board Members. Ares Owners holds 11,830,778
    Class&nbsp;A Shares and 49,764,375 AOG Units on behalf of the Reporting Person, or on behalf of a vehicle controlled by him, as a
    limited partner of Ares Owners. Based solely on information reported in Statements on Schedule 13G filed by Ares Owners and the other
    Board Members, the Class&nbsp;A Shares held by Ares Owners, if aggregated with other Class&nbsp;A Shares beneficially owned by each
    of the individual Board Members, would equal 132,712,728 Class&nbsp;A Shares in the aggregate, including shares that may be acquired
    upon the exchange of AOG Units held by Ares Owners and Class&nbsp;A Shares that may be acquired by the individual Board Members upon
    the vesting of Restricted Stock Units (&ldquo;RSUs&rdquo;) held by such Board Member, representing 43.61% of the outstanding Class&nbsp;A
    Shares (based on 185,586,803 outstanding shares and assuming the exchange of such AOG Units and the vesting of such RSUs).</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt">The percentage reflected on the cover page&nbsp;to
this Schedule&nbsp;13G is calculated based on (i)&nbsp;an aggregate of 185,586,803 Class&nbsp;A Shares outstanding as of October&nbsp;31,
2023, as reported in the Issuer&rsquo;s Form&nbsp;10-Q filed November&nbsp;6, 2023, as increased by (ii)&nbsp;117,024,758 Class&nbsp;A
Shares issuable upon conversion of 117,024,758 AOG Units held by Ares Owners.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt">&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt">The Reporting Person expressly disclaims the existence
    of, or membership in, a &ldquo;group&rdquo; within the meaning of Section&nbsp;13(d)(3)&nbsp;of the Act and Rule&nbsp;13d-5(b)&nbsp;thereunder
    with Ares Owners, Ares Partners, and the other Board Members, as well as beneficial ownership with respect to any Class&nbsp;A Shares
    beneficially owned by Ares Owners, Ares Partners, or the other Board Members, and neither the filing of this Statement on Schedule
    13G nor any of its contents shall be deemed to constitute an admission by the Reporting Person that he is the beneficial owner of
    any of the Class&nbsp;A Shares referred to herein for purposes of Section&nbsp;13(d)&nbsp;of the Act.</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 40.5pt"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt; width: 15%"><B>Item 5.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt; width: 85%"><B>Ownership of Five Percent or Less of a Class.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Not Applicable.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 6.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Ownership of More than Five Percent on Behalf of Another Person.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">The limited partners of Ares Owners have the right to receive dividends from, or proceeds from
    the sale of, the Class&nbsp;A Shares that are held of record by Ares Owners on behalf of such limited partner. Ares Owners holds
    greater than 5% of the Class&nbsp;A Shares on behalf of the Reporting Person, or on behalf of a vehicle he controls. No other person
    has the right to receive dividends from, or the proceeds from the sale of, more than five percent of the Class&nbsp;A Shares reported
    on this Schedule 13G.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 7.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported
    on by the Parent Holding Company or Control Person.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Not Applicable.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 8.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Identification and Classification of Members of the Group.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Not Applicable.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 9.</B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Notice of Dissolution of Group.</B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Not Applicable.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Item 10. </B></TD>
    <TD STYLE="padding: 5.05pt 2.15pt"><B>Certification. </B></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5.05pt 2.15pt">&nbsp;</TD>
    <TD STYLE="padding: 5.05pt 2.15pt">Not Applicable.</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">After reasonable inquiry and to the best of my
knowledge and belief,&nbsp;I certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:&#8239;February 12, 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 50%; text-align: left"></TD><TD STYLE="text-align: justify; width: 50%"><B>ANTONY <B>P. RESSLER</B></b></TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; text-align: justify">/s/ Antony P. Ressler</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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