<SEC-DOCUMENT>0001104659-23-080344.txt : 20230712
<SEC-HEADER>0001104659-23-080344.hdr.sgml : 20230712
<ACCEPTANCE-DATETIME>20230712163109
ACCESSION NUMBER:		0001104659-23-080344
CONFORMED SUBMISSION TYPE:	40-APP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20230712
DATE AS OF CHANGE:		20230712

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CAPITAL CORP
		CENTRAL INDEX KEY:			0001287750
		IRS NUMBER:				331089684
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483
		FILM NUMBER:		231084671

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		2127507300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY ADVISORS LLC /ADV
		CENTRAL INDEX KEY:			0001064487
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-198
		FILM NUMBER:		231084749

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		8606519760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LANDMARK EQUITY ADVISORS LLC                            /ADV
		DATE OF NAME CHANGE:	19980619

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CORPORATE OPPORTUNITIES FUND LP
		CENTRAL INDEX KEY:			0001189523
		IRS NUMBER:				412056096
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-120
		FILM NUMBER:		231084670

	BUSINESS ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3102014100

	MAIL ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK IAM GROWTH CAPITAL LP
		CENTRAL INDEX KEY:			0001257823
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-119
		FILM NUMBER:		231084669

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		8606519760

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK GROWTH CAPITAL PARTNERS LP
		CENTRAL INDEX KEY:			0001257979
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-118
		FILM NUMBER:		231084668

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		8606519760

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001259313
		IRS NUMBER:				010605583
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-117
		FILM NUMBER:		231084667

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACOF OPERATING MANAGER LP
		CENTRAL INDEX KEY:			0001259315
		IRS NUMBER:				412056091
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-116
		FILM NUMBER:		231084666

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Real Estate Income Trust Inc.
		CENTRAL INDEX KEY:			0001327978
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				300309068
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-115
		FILM NUMBER:		231084665

	BUSINESS ADDRESS:	
		STREET 1:		ONE TABOR CENTER
		STREET 2:		1200 SEVENTEENTH STREET, SUITE 2900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
		BUSINESS PHONE:		(303)228-2200

	MAIL ADDRESS:	
		STREET 1:		ONE TABOR CENTER
		STREET 2:		1200 SEVENTEENTH STREET, SUITE 2900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Black Creek Diversified Property Fund Inc.
		DATE OF NAME CHANGE:	20170901

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dividend Capital Diversified Property Fund Inc.
		DATE OF NAME CHANGE:	20120712

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Dividend Capital Total Realty Trust Inc.
		DATE OF NAME CHANGE:	20050520

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			USPF II INSTITUTIONAL FUND L P
		CENTRAL INDEX KEY:			0001331856
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-114
		FILM NUMBER:		231084664

	BUSINESS ADDRESS:	
		STREET 1:		THREE CHARLES RIVER PLACE
		STREET 2:		63 KENKRICK ST
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		781-292-7000

	MAIL ADDRESS:	
		STREET 1:		THREE CHARLES RIVER PLACE
		STREET 2:		63 KENKRICK ST
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			United States Power Fund II L P
		CENTRAL INDEX KEY:			0001331922
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-113
		FILM NUMBER:		231084663

	BUSINESS ADDRESS:	
		STREET 1:		THERE CHARLES RIVER PLACE
		STREET 2:		63 KENDRICK ST
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		781-292-7000

	MAIL ADDRESS:	
		STREET 1:		THERE CHARLES RIVER PLACE
		STREET 2:		63 KENDRICK ST
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Equity Partners XIII L P
		CENTRAL INDEX KEY:			0001347723
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-112
		FILM NUMBER:		231084662

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070-2429

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070-2429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund II, L.P.
		CENTRAL INDEX KEY:			0001371903
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-111
		FILM NUMBER:		231084661

	BUSINESS ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		1999 AVENUE OF THE STARS
		STREET 2:		SUITE 1900
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACOF Operating Manager II, L.P.
		CENTRAL INDEX KEY:			0001371907
		IRS NUMBER:				203899057
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-110
		FILM NUMBER:		231084660

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Capital Equity I LLC
		CENTRAL INDEX KEY:			0001378082
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-109
		FILM NUMBER:		231084659

	BUSINESS ADDRESS:	
		STREET 1:		2 BETHESDA METRO CENTER 14TH FL
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814
		BUSINESS PHONE:		301-951-6122

	MAIL ADDRESS:	
		STREET 1:		2 BETHESDA METRO CENTER 14TH FL
		CITY:			BETHESDA
		STATE:			MD
		ZIP:			20814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XIII-A LP
		CENTRAL INDEX KEY:			0001393053
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-108
		FILM NUMBER:		231084658

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe, L.P.
		CENTRAL INDEX KEY:			0001409820
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-107
		FILM NUMBER:		231084657

	BUSINESS ADDRESS:	
		STREET 1:		c/o Ares Management LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			Los Angeles
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		c/o Ares Management LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			Los Angeles
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe LP
		DATE OF NAME CHANGE:	20070815

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			American Capital Equity II LP
		CENTRAL INDEX KEY:			0001415564
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-106
		FILM NUMBER:		231084656

	BUSINESS ADDRESS:	
		STREET 1:		2 Bethesda Metro Center
		STREET 2:		14th Floor
		CITY:			Bethesda
		STATE:			MD
		ZIP:			20814

	MAIL ADDRESS:	
		STREET 1:		2 Bethesda Metro Center
		STREET 2:		14th Floor
		CITY:			Bethesda
		STATE:			MD
		ZIP:			20814

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CORPORATE OPPORTUNITIES FUND III LP
		CENTRAL INDEX KEY:			0001428903
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			CA

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-105
		FILM NUMBER:		231084655

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		301-210-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XIV LP
		CENTRAL INDEX KEY:			0001444067
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-104
		FILM NUMBER:		231084654

	BUSINESS ADDRESS:	
		STREET 1:		C/O LANDMARK EQUITY ADVISORS LLC
		STREET 2:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070-2429
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		C/O LANDMARK EQUITY ADVISORS LLC
		STREET 2:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070-2429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Management LLC
		CENTRAL INDEX KEY:			0001449853
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-103
		FILM NUMBER:		231084653

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares IIIR/IVR CLO Ltd
		CENTRAL INDEX KEY:			0001449861
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-102
		FILM NUMBER:		231084652

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares IIIR/IR Clo Ltd
		DATE OF NAME CHANGE:	20081112

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares VR Clo Ltd
		CENTRAL INDEX KEY:			0001449864
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-101
		FILM NUMBER:		231084651

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares VIR Clo Ltd
		CENTRAL INDEX KEY:			0001449867
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-100
		FILM NUMBER:		231084650

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares X CLO Ltd
		CENTRAL INDEX KEY:			0001449944
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-98
		FILM NUMBER:		231084649

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Clo X ltd
		DATE OF NAME CHANGE:	20081113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XI CLO Ltd.
		CENTRAL INDEX KEY:			0001449945
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-97
		FILM NUMBER:		231084648

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Clo XI Ltd
		DATE OF NAME CHANGE:	20081113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Clo II B.V.
		CENTRAL INDEX KEY:			0001449948
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-96
		FILM NUMBER:		231084647

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Investment Strategy IR Ltd
		CENTRAL INDEX KEY:			0001449950
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-95
		FILM NUMBER:		231084646

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Investment Strategy II Ltd
		CENTRAL INDEX KEY:			0001449957
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-94
		FILM NUMBER:		231084645

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Investment Strategy III Ltd
		CENTRAL INDEX KEY:			0001449958
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-93
		FILM NUMBER:		231084644

	BUSINESS ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		280 Park Avenue
		STREET 2:		22nd Floor
		CITY:			New York
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CREDIT STRATEGIES FUND I LP
		CENTRAL INDEX KEY:			0001450535
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			XX

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-92
		FILM NUMBER:		231084643

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			900067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			900067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management IIIR/IVR, L.P.
		CENTRAL INDEX KEY:			0001462521
		IRS NUMBER:				208553838
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-91
		FILM NUMBER:		231084642

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Ltd
		CENTRAL INDEX KEY:			0001462578
		IRS NUMBER:				205292912
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-90
		FILM NUMBER:		231084641

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Asset Management L.P.
		CENTRAL INDEX KEY:			0001462606
		IRS NUMBER:				261468377
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-89
		FILM NUMBER:		231084640

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACOF Operating Manager III LLC
		CENTRAL INDEX KEY:			0001462608
		IRS NUMBER:				261355631
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-88
		FILM NUMBER:		231084639

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CSF Operating Manager I, LLC
		CENTRAL INDEX KEY:			0001462662
		IRS NUMBER:				263477791
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-87
		FILM NUMBER:		231084638

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Management II, L.P.
		CENTRAL INDEX KEY:			0001462666
		IRS NUMBER:				203517035
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-86
		FILM NUMBER:		231084637

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Account Management I, L.P.
		CENTRAL INDEX KEY:			0001462668
		IRS NUMBER:				205149014
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-85
		FILM NUMBER:		231084636

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Institutional Loan Fund, L.P.
		CENTRAL INDEX KEY:			0001462669
		IRS NUMBER:				800353475
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-84
		FILM NUMBER:		231084635

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Management IR, L.P.
		CENTRAL INDEX KEY:			0001462673
		IRS NUMBER:				208545729
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-83
		FILM NUMBER:		231084634

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Management III, L.P.
		CENTRAL INDEX KEY:			0001462674
		IRS NUMBER:				262127558
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-82
		FILM NUMBER:		231084633

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Loan Investment Strategy Advisor IV, L.P.
		CENTRAL INDEX KEY:			0001462675
		IRS NUMBER:				263592635
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-81
		FILM NUMBER:		231084632

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management VR, L.P.
		CENTRAL INDEX KEY:			0001462678
		IRS NUMBER:				204329870
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-80
		FILM NUMBER:		231084631

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management VIR, L.P.
		CENTRAL INDEX KEY:			0001462679
		IRS NUMBER:				204349116
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-79
		FILM NUMBER:		231084630

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310)201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management X, L.P.
		CENTRAL INDEX KEY:			0001463332
		IRS NUMBER:				203517010
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-78
		FILM NUMBER:		231084629

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management XI, L.P.
		CENTRAL INDEX KEY:			0001463333
		IRS NUMBER:				208341189
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-77
		FILM NUMBER:		231084628

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VI, L.P.
		CENTRAL INDEX KEY:			0001480161
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-76
		FILM NUMBER:		231084627

	BUSINESS ADDRESS:	
		STREET 1:		C/O LANDMARK REALTY ADVISORS LLC
		STREET 2:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		C/O LANDMARK REALTY ADVISORS LLC
		STREET 2:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CoLTS 2005-1 Ltd.
		CENTRAL INDEX KEY:			0001480230
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-75
		FILM NUMBER:		231084626

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CoLTS 2005-2 Ltd.
		CENTRAL INDEX KEY:			0001480231
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-74
		FILM NUMBER:		231084625

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund Asia, L.P.
		CENTRAL INDEX KEY:			0001494411
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-73
		FILM NUMBER:		231084624

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EIF United States Power Fund IV, L.P.
		CENTRAL INDEX KEY:			0001494533
		IRS NUMBER:				272858420
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-72
		FILM NUMBER:		231084623

	BUSINESS ADDRESS:	
		STREET 1:		C/O EIF, THREE CHARLES RIVER PLACE
		STREET 2:		63 KENDRICK STREET
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		781-292-7000

	MAIL ADDRESS:	
		STREET 1:		C/O EIF, THREE CHARLES RIVER PLACE
		STREET 2:		63 KENDRICK STREET
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES MEZZANINE PARTNERS, L.P.
		CENTRAL INDEX KEY:			0001497379
		IRS NUMBER:				800407062
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-71
		FILM NUMBER:		231084622

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Asia Management, Ltd.
		CENTRAL INDEX KEY:			0001497386
		IRS NUMBER:				980655815
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-135
		FILM NUMBER:		231084686

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Emporia Preferred Funding III, Ltd.
		CENTRAL INDEX KEY:			0001497392
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-70
		FILM NUMBER:		231084621

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Special Situations Fund III, L.P.
		CENTRAL INDEX KEY:			0001500204
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-69
		FILM NUMBER:		231084620

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASSF Operating Manager III, LLC
		CENTRAL INDEX KEY:			0001508086
		IRS NUMBER:				273342824
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-68
		FILM NUMBER:		231084619

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Dynamic Credit Allocation Fund, Inc.
		CENTRAL INDEX KEY:			0001515324
		IRS NUMBER:				454969053
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-128
		FILM NUMBER:		231084679

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4200

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Senior Credit Strategies Fund, Inc.
		DATE OF NAME CHANGE:	20110314

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES COMMERCIAL REAL ESTATE MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001525556
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-67
		FILM NUMBER:		231084618

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES MEZZANINE MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001525558
		IRS NUMBER:				800407042
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-66
		FILM NUMBER:		231084617

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CAPITAL MANAGEMENT II LLC
		CENTRAL INDEX KEY:			0001525559
		IRS NUMBER:				454969165
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-65
		FILM NUMBER:		231084616

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CSF III INVESTMENT MANAGEMENT, LLC
		CENTRAL INDEX KEY:			0001525567
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-64
		FILM NUMBER:		231084615

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CREDIT STRATEGIES FUND III, L.P.
		CENTRAL INDEX KEY:			0001525571
		IRS NUMBER:				980669435
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-63
		FILM NUMBER:		231084614

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CLO MANAGEMENT XXI, L.P.
		CENTRAL INDEX KEY:			0001525649
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-62
		FILM NUMBER:		231084613

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CLO MANAGEMENT XX, L.P.
		CENTRAL INDEX KEY:			0001525650
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-61
		FILM NUMBER:		231084612

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CAPITAL CP FUNDING LLC
		CENTRAL INDEX KEY:			0001525658
		IRS NUMBER:				331089684
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-130
		FILM NUMBER:		231084681

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Commercial Real Estate Corp
		CENTRAL INDEX KEY:			0001529377
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				453148087
		STATE OF INCORPORATION:			MD

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-60
		FILM NUMBER:		231084611

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE
		STREET 2:		42ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212.515.3400

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE
		STREET 2:		42ND FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXI CLO Ltd.
		CENTRAL INDEX KEY:			0001535944
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1211

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-59
		FILM NUMBER:		231084610

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Loan Trust
		CENTRAL INDEX KEY:			0001535957
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1211

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-58
		FILM NUMBER:		231084609

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital JB Funding LLC
		CENTRAL INDEX KEY:			0001539126
		IRS NUMBER:				611583758
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1212

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-129
		FILM NUMBER:		231084680

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Credit Opportunities Master Fund II, Ltd.
		CENTRAL INDEX KEY:			0001539349
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-57
		FILM NUMBER:		231084608

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Enhanced Credit Opportunities Investment Management II, LLC
		CENTRAL INDEX KEY:			0001539360
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-56
		FILM NUMBER:		231084607

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK PARTNERS 1907 FUND I, L.P.
		CENTRAL INDEX KEY:			0001542285
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-55
		FILM NUMBER:		231084606

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund IV, L.P.
		CENTRAL INDEX KEY:			0001543148
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-54
		FILM NUMBER:		231084605

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG Capital Partners II, L.P.
		CENTRAL INDEX KEY:			0001550073
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-53
		FILM NUMBER:		231084604

	BUSINESS ADDRESS:	
		STREET 1:		WALKER HOUSE
		STREET 2:		87 MARY STREET
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9005
		BUSINESS PHONE:		852-3909-8880

	MAIL ADDRESS:	
		STREET 1:		WALKER HOUSE
		STREET 2:		87 MARY STREET
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9005

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Equity Partners XV, L.P.
		CENTRAL INDEX KEY:			0001568283
		IRS NUMBER:				461153167
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-52
		FILM NUMBER:		231084603

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark - NYC Fund I, L.P.
		CENTRAL INDEX KEY:			0001568287
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-51
		FILM NUMBER:		231084602

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Partners 1907 Fund II, L.P.
		CENTRAL INDEX KEY:			0001592047
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-50
		FILM NUMBER:		231084601

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Real Estate Management Holdings LLC
		CENTRAL INDEX KEY:			0001598472

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-49
		FILM NUMBER:		231084600

	BUSINESS ADDRESS:	
		STREET 1:		2000 Ave of the Stars, 12th Fl
		CITY:			Los Angeles
		STATE:			CA
		ZIP:			90067

	MAIL ADDRESS:	
		STREET 1:		2000 Ave of the Stars, 12th Fl
		CITY:			Los Angeles
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EIF CHANNELVIEW BLOCKER, LLC
		CENTRAL INDEX KEY:			0001600549
		IRS NUMBER:				464461048
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-48
		FILM NUMBER:		231084599

	BUSINESS ADDRESS:	
		STREET 1:		THREE CHARLES RIVER PLACE
		STREET 2:		63 KENDRICK STREET, SUITE 101
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494
		BUSINESS PHONE:		781-292-8016

	MAIL ADDRESS:	
		STREET 1:		THREE CHARLES RIVER PLACE
		STREET 2:		63 KENDRICK STREET, SUITE 101
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VII, L.P.
		CENTRAL INDEX KEY:			0001604127
		IRS NUMBER:				463206594
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-47
		FILM NUMBER:		231084598

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VII Offshore, L.P.
		CENTRAL INDEX KEY:			0001604148
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-45
		FILM NUMBER:		231084596

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Special Situations Fund IV, L.P.
		CENTRAL INDEX KEY:			0001611813
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-46
		FILM NUMBER:		231084597

	BUSINESS ADDRESS:	
		STREET 1:		C/O ASSF MANAGEMETN IV, L.P.
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-921-7265

	MAIL ADDRESS:	
		STREET 1:		C/O ASSF MANAGEMETN IV, L.P.
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Centre Street Partnership, L.P.
		CENTRAL INDEX KEY:			0001613268
		IRS NUMBER:				465202525
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-44
		FILM NUMBER:		231084595

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VII-IP Co-Investment, L.P.
		CENTRAL INDEX KEY:			0001614333
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-43
		FILM NUMBER:		231084594

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACOF Operating Manager IV, LLC
		CENTRAL INDEX KEY:			0001620272
		IRS NUMBER:				454610746
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-42
		FILM NUMBER:		231084593

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark TX ERS Co-Investment Fund I, L.P.
		CENTRAL INDEX KEY:			0001621147
		IRS NUMBER:				471935740
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-41
		FILM NUMBER:		231084592

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LWFB Co-Investment Fund I, L.P.
		CENTRAL INDEX KEY:			0001621623
		IRS NUMBER:				465555329
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-40
		FILM NUMBER:		231084591

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INDUSTRIAL REAL ESTATE INCOME TRUST Inc.
		CENTRAL INDEX KEY:			0001625941
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
		IRS NUMBER:				471592886
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-134
		FILM NUMBER:		231084685

	BUSINESS ADDRESS:	
		STREET 1:		1200 17TH STREET
		STREET 2:		SUITE 2900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202
		BUSINESS PHONE:		303-228-2200

	MAIL ADDRESS:	
		STREET 1:		1200 17TH STREET
		STREET 2:		SUITE 2900
		CITY:			DENVER
		STATE:			CO
		ZIP:			80202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BLACK CREEK INDUSTRIAL REIT IV Inc.
		DATE OF NAME CHANGE:	20170518

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDUSTRIAL LOGISTICS REALTY TRUST INC.
		DATE OF NAME CHANGE:	20160628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LOGISTICS PROPERTY TRUST INC.
		DATE OF NAME CHANGE:	20141119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXVII CLO Ltd.
		CENTRAL INDEX KEY:			0001633539
		IRS NUMBER:				981106791
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-39
		FILM NUMBER:		231084590

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXIX CLO Ltd.
		CENTRAL INDEX KEY:			0001633541
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-38
		FILM NUMBER:		231084589

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT LLC
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT LLC
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Strategic Investment Partners IV
		CENTRAL INDEX KEY:			0001633557
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-37
		FILM NUMBER:		231084588

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT LLC
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT LLC
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Commercial Finance LP
		CENTRAL INDEX KEY:			0001634613
		IRS NUMBER:				465568740
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-36
		FILM NUMBER:		231084587

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACOF IV ATD Co-Invest, L.P.
		CENTRAL INDEX KEY:			0001636412
		IRS NUMBER:				473226923
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-35
		FILM NUMBER:		231084586

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Denali Capital CLO XI, Ltd.
		CENTRAL INDEX KEY:			0001638977
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-34
		FILM NUMBER:		231084585

	BUSINESS ADDRESS:	
		STREET 1:		APPLEBY TRUST (CAYMAN) LTD.
		STREET 2:		CLIFTON HOUSE, 75 FORT ST., PO BOX 1350
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108
		BUSINESS PHONE:		345-949-4900

	MAIL ADDRESS:	
		STREET 1:		APPLEBY TRUST (CAYMAN) LTD.
		STREET 2:		CLIFTON HOUSE, 75 FORT ST., PO BOX 1350
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1108

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund V, L.P.
		CENTRAL INDEX KEY:			0001639521
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-33
		FILM NUMBER:		231084584

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACE III Master Fund, L.P.
		CENTRAL INDEX KEY:			0001643958
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-32
		FILM NUMBER:		231084583

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		44 (20) 7434 6400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ACE III Master, L.P.
		DATE OF NAME CHANGE:	20150602

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Hudson Partners I, L.P.
		CENTRAL INDEX KEY:			0001649769
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-31
		FILM NUMBER:		231084582

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Columbus Opportunity Fund, L.P.
		CENTRAL INDEX KEY:			0001650033
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-30
		FILM NUMBER:		231084581

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES ENERGY INVESTORS FUND V, L.P.
		CENTRAL INDEX KEY:			0001656650
		IRS NUMBER:				352527651
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-29
		FILM NUMBER:		231084580

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		781-292-7016

	MAIL ADDRESS:	
		STREET 1:		C/O ARES EIF MANAGEMENT LLC
		STREET 2:		63 KENDRICK STREET, SUITE 101
		CITY:			NEEDHAM
		STATE:			MA
		ZIP:			02494

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares ICOF III Fund (Delaware) LP
		CENTRAL INDEX KEY:			0001664549
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-28
		FILM NUMBER:		231084579

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES ICOF III GP LP
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES ICOF III GP LP
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares High Income Credit Opportunities Fund, L.P.
		CENTRAL INDEX KEY:			0001673174
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-27
		FILM NUMBER:		231084578

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES HICOF MANAGEMENT, L.P.
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES HICOF MANAGEMENT, L.P.
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Income Opportunity Fund, L.P.
		CENTRAL INDEX KEY:			0001676898
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-26
		FILM NUMBER:		231084577

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CION Ares Diversified Credit Fund
		CENTRAL INDEX KEY:			0001678124
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-25
		FILM NUMBER:		231084576

	BUSINESS ADDRESS:	
		STREET 1:		100 PARK AVENUE
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017
		BUSINESS PHONE:		212-418-4700

	MAIL ADDRESS:	
		STREET 1:		100 PARK AVENUE
		STREET 2:		25TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10017

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Cactus Operating Manager, L.P.
		CENTRAL INDEX KEY:			0001681591
		IRS NUMBER:				671761255
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-24
		FILM NUMBER:		231084575

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-980-1476

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Credit Solutions (Cayman), L.P.
		CENTRAL INDEX KEY:			0001682589
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-23
		FILM NUMBER:		231084574

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Credit Solutions, L.P.
		CENTRAL INDEX KEY:			0001682590
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-22
		FILM NUMBER:		231084573

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CION Ares Management, LLC
		CENTRAL INDEX KEY:			0001682654
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-21
		FILM NUMBER:		231084572

	BUSINESS ADDRESS:	
		STREET 1:		3 PARK AVENUE
		STREET 2:		36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016
		BUSINESS PHONE:		212-418-4700

	MAIL ADDRESS:	
		STREET 1:		3 PARK AVENUE
		STREET 2:		36TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10016

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNITED STATES POWER FUND III, L.P.
		CENTRAL INDEX KEY:			0001683439
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-20
		FILM NUMBER:		231084571

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management II LLC
		CENTRAL INDEX KEY:			0001683440
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-19
		FILM NUMBER:		231084570

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EIF MANAGEMENT, LLC
		CENTRAL INDEX KEY:			0001683442
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-18
		FILM NUMBER:		231084569

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management XXIX, L.P.
		CENTRAL INDEX KEY:			0001683445
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-17
		FILM NUMBER:		231084568

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management LLC
		CENTRAL INDEX KEY:			0001683503
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-16
		FILM NUMBER:		231084567

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Management XXVII, L.P.
		CENTRAL INDEX KEY:			0001683504
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-15
		FILM NUMBER:		231084566

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Loan Trust Management, L.P.
		CENTRAL INDEX KEY:			0001683816
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-14
		FILM NUMBER:		231084565

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Opportunity Management, L.P.
		CENTRAL INDEX KEY:			0001683926
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-13
		FILM NUMBER:		231084564

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			APSecurities Manager, L.P.
		CENTRAL INDEX KEY:			0001683949
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-12
		FILM NUMBER:		231084563

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Middle Market Credit Fund X, Ltd.
		CENTRAL INDEX KEY:			0001683960
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-11
		FILM NUMBER:		231084562

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Middle Market Credit Fund VII, Ltd.
		CENTRAL INDEX KEY:			0001683962
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-10
		FILM NUMBER:		231084561

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Middle Market Credit Fund IX, Ltd.
		CENTRAL INDEX KEY:			0001683964
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-09
		FILM NUMBER:		231084560

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASSF Operating Manager IV, L.P.
		CENTRAL INDEX KEY:			0001683967
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-08
		FILM NUMBER:		231084559

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASIP Operating Manager IV, LLC
		CENTRAL INDEX KEY:			0001683968
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-07
		FILM NUMBER:		231084558

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXXVIII CLO, Ltd.
		CENTRAL INDEX KEY:			0001683971
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-06
		FILM NUMBER:		231084557

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXXVII CLO, Ltd.
		CENTRAL INDEX KEY:			0001683972
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-05
		FILM NUMBER:		231084556

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXXIX CLO, Ltd.
		CENTRAL INDEX KEY:			0001683975
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-04
		FILM NUMBER:		231084555

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXXIV CLO, Ltd.
		CENTRAL INDEX KEY:			0001683976
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-03
		FILM NUMBER:		231084554

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Loan Trust 2016
		CENTRAL INDEX KEY:			0001683987
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-02
		FILM NUMBER:		231084553

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Loan Trust 2011
		CENTRAL INDEX KEY:			0001683988
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-01
		FILM NUMBER:		231084552

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Institutional Credit Fund L.P.
		CENTRAL INDEX KEY:			0001683990
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-454
		FILM NUMBER:		231085005

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares High Yield Strategies Fund IV Management, L.P.
		CENTRAL INDEX KEY:			0001683992
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-453
		FILM NUMBER:		231085004

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Centre Street Management, L.P.
		CENTRAL INDEX KEY:			0001684166
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-452
		FILM NUMBER:		231085003

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Commercial Finance Management LP
		CENTRAL INDEX KEY:			0001684167
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-451
		FILM NUMBER:		231085002

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Investment Holdings, LLC
		CENTRAL INDEX KEY:			0001684168
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-450
		FILM NUMBER:		231085001

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management UK Ltd
		CENTRAL INDEX KEY:			0001684170
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-449
		FILM NUMBER:		231085000

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACOF Investment Management LLC
		CENTRAL INDEX KEY:			0001684171
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-448
		FILM NUMBER:		231084999

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares ICOF III Fund (Cayman) LP
		CENTRAL INDEX KEY:			0001684350
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-447
		FILM NUMBER:		231084998

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares ICOF III Management LP
		CENTRAL INDEX KEY:			0001684351
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-446
		FILM NUMBER:		231084997

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares ICOF II Management, LLC
		CENTRAL INDEX KEY:			0001684352
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-445
		FILM NUMBER:		231084996

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES ICOF II MASTER FUND, L.P.
		CENTRAL INDEX KEY:			0001684353
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-444
		FILM NUMBER:		231084995

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares MSCF V (H) Management LLC
		CENTRAL INDEX KEY:			0001684357
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-443
		FILM NUMBER:		231084994

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Multi-Strategy Credit Fund V (H), L.P.
		CENTRAL INDEX KEY:			0001684358
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-442
		FILM NUMBER:		231084993

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares UK Credit Strategies, L.P.
		CENTRAL INDEX KEY:			0001684359
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-441
		FILM NUMBER:		231084992

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Credit Strategies Feeder III UK, L.P.
		CENTRAL INDEX KEY:			0001684385
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-440
		FILM NUMBER:		231084991

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund IV (M), L.P.
		CENTRAL INDEX KEY:			0001684736
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-439
		FILM NUMBER:		231084990

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund III (A), L.P.
		CENTRAL INDEX KEY:			0001684738
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-438
		FILM NUMBER:		231084989

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund II (B), L.P.
		CENTRAL INDEX KEY:			0001684740
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-437
		FILM NUMBER:		231084988

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Customized Credit Fund L.P.
		CENTRAL INDEX KEY:			0001684741
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-436
		FILM NUMBER:		231084987

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AREG AC Makena Holdings LLC
		CENTRAL INDEX KEY:			0001684748
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-435
		FILM NUMBER:		231084986

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Management III LLC
		CENTRAL INDEX KEY:			0001684755
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-434
		FILM NUMBER:		231084985

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EUROPEAN LOAN MANAGEMENT LLP
		CENTRAL INDEX KEY:			0001684756
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Y9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-433
		FILM NUMBER:		231084984

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Loan Funding S.L.P.
		CENTRAL INDEX KEY:			0001684816
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-432
		FILM NUMBER:		231084983

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund V (G), L.P.
		CENTRAL INDEX KEY:			0001684817
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-431
		FILM NUMBER:		231084982

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

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Middle Market Credit Fund IV, Ltd.
		CENTRAL INDEX KEY:			0001685473
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-430
		FILM NUMBER:		231084981

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XVI, L.P.
		CENTRAL INDEX KEY:			0001688090
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-429
		FILM NUMBER:		231084980

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VIII, L.P.
		CENTRAL INDEX KEY:			0001692026
		IRS NUMBER:				814168710
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-428
		FILM NUMBER:		231084979

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		8606519760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG Secured Lending Opportunities II, L.P.
		CENTRAL INDEX KEY:			0001692196
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-427
		FILM NUMBER:		231084978

	BUSINESS ADDRESS:	
		STREET 1:		C/O MANAGEMENTPLUS (CAYMAN) LIMITED
		STREET 2:		BUCKINGHAM SQ., 2ND FL., 720 W. BAY RD.
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1009
		BUSINESS PHONE:		(345) 946 9861

	MAIL ADDRESS:	
		STREET 1:		C/O MANAGEMENTPLUS (CAYMAN) LIMITED
		STREET 2:		BUCKINGHAM SQ., 2ND FL., 720 W. BAY RD.
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1009

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK TX ERS CO-INVESTMENT FUND II, L.P.
		CENTRAL INDEX KEY:			0001692627
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-426
		FILM NUMBER:		231084977

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG Capital Partners IV, L.P.
		CENTRAL INDEX KEY:			0001692662
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-425
		FILM NUMBER:		231084976

	BUSINESS ADDRESS:	
		STREET 1:		C/O MANAGEMENTPLUS (CAYMAN) LIMITED
		STREET 2:		BUCKINGHAM SQ., 2ND FL., 720 W. BAY RD.
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1009
		BUSINESS PHONE:		(345) 946 9861

	MAIL ADDRESS:	
		STREET 1:		C/O MANAGEMENTPLUS (CAYMAN) LIMITED
		STREET 2:		BUCKINGHAM SQ., 2ND FL., 720 W. BAY RD.
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1009

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Funding I, L.P.
		CENTRAL INDEX KEY:			0001693734
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-424
		FILM NUMBER:		231084975

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES CLO FUNDING I GP LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES CLO FUNDING I GP LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VIII Co-Investment Fund, L.P.
		CENTRAL INDEX KEY:			0001698507
		IRS NUMBER:				815351539
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-423
		FILM NUMBER:		231084974

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		8606519760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XVI CO-INVESTMENT FUND, L.P.
		CENTRAL INDEX KEY:			0001699351
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-422
		FILM NUMBER:		231084973

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AREG LPKC Partners, L.P.
		CENTRAL INDEX KEY:			0001706768
		IRS NUMBER:				352593344
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-421
		FILM NUMBER:		231084972

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FL.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FL.
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VIII-A, L.P.
		CENTRAL INDEX KEY:			0001711869
		IRS NUMBER:				821868478
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-420
		FILM NUMBER:		231084971

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		8606519760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares ND Credit Strategies Fund LLC
		CENTRAL INDEX KEY:			0001712230
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-419
		FILM NUMBER:		231084970

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Jasper Fund, L.P.
		CENTRAL INDEX KEY:			0001712232
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-418
		FILM NUMBER:		231084969

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund VII (Palo Verde), L.P.
		CENTRAL INDEX KEY:			0001713852
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-417
		FILM NUMBER:		231084968

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S3BE
		BUSINESS PHONE:		00442074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S3BE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Direct Finance I LP
		CENTRAL INDEX KEY:			0001716510
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-416
		FILM NUMBER:		231084967

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK TIG CO-INVESTMENT FUND I, L.P.
		CENTRAL INDEX KEY:			0001727713
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-415
		FILM NUMBER:		231084966

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners VIII-Campbell Co-Investment, L.P.
		CENTRAL INDEX KEY:			0001728872
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-414
		FILM NUMBER:		231084965

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Credit Hedge Fund LP
		CENTRAL INDEX KEY:			0001731033
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-413
		FILM NUMBER:		231084964

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Energy Opportunities Fund, L.P.
		CENTRAL INDEX KEY:			0001731588
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-412
		FILM NUMBER:		231084963

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT LLC
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3102014100

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT LLC
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Energy Opportunites Fund,L.P.
		DATE OF NAME CHANGE:	20180214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MC Investments Parent LP
		CENTRAL INDEX KEY:			0001734934
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-411
		FILM NUMBER:		231084962

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AF V APR Co-Invest, L.P.
		CENTRAL INDEX KEY:			0001736927
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-410
		FILM NUMBER:		231084961

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe IV (E) Levered
		CENTRAL INDEX KEY:			0001736999
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-409
		FILM NUMBER:		231084960

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		442074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe IV (E) Levered SCSp
		DATE OF NAME CHANGE:	20180410

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe IV (G) Unlevered
		CENTRAL INDEX KEY:			0001737154
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-408
		FILM NUMBER:		231084959

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		442074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe IV (G) Unlevered SCSp
		DATE OF NAME CHANGE:	20180411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe IV (G) Levered
		CENTRAL INDEX KEY:			0001737156
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-407
		FILM NUMBER:		231084958

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET,  6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		442074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET,  6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe IV (G) Levered SCSp
		DATE OF NAME CHANGE:	20180411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe IV (E) Unlevered
		CENTRAL INDEX KEY:			0001737157
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-406
		FILM NUMBER:		231084957

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET,  6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		442074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT UK LIMITED
		STREET 2:		10 NEW BURLINGTON STREET,  6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe IV (E) Unlevered SCSp
		DATE OF NAME CHANGE:	20180411

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK SING CO-INVESTMENT FUND I, L.P.
		CENTRAL INDEX KEY:			0001741202
		IRS NUMBER:				981427553
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-405
		FILM NUMBER:		231084956

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMBSURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMBSURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Passero 18, L.P.
		CENTRAL INDEX KEY:			0001742776
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-404
		FILM NUMBER:		231084955

	BUSINESS ADDRESS:	
		STREET 1:		C/O SPRING BRIDGE MANAGEMENT, L.P.
		STREET 2:		601 LEXINGTON AVENUE, 37TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		(917) 817-4812

	MAIL ADDRESS:	
		STREET 1:		C/O SPRING BRIDGE MANAGEMENT, L.P.
		STREET 2:		601 LEXINGTON AVENUE, 37TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund IX (C), L.P.
		CENTRAL INDEX KEY:			0001748791
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-403
		FILM NUMBER:		231084954

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		44 0 20 7434 6400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Energy Opportunities Fund B, L.P.
		CENTRAL INDEX KEY:			0001755997
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-402
		FILM NUMBER:		231084953

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Energy Opportunities Fund A, L.P.
		CENTRAL INDEX KEY:			0001755998
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-401
		FILM NUMBER:		231084952

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Real Estate Enhanced Income Fund, L.P.
		CENTRAL INDEX KEY:			0001757739
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-400
		FILM NUMBER:		231084951

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Real Estate Secured Income Fund, L.P.
		CENTRAL INDEX KEY:			0001757740
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-399
		FILM NUMBER:		231084950

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EUROPEAN CREDIT STRATEGIES FUND X (T), L.P.
		CENTRAL INDEX KEY:			0001760007
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-398
		FILM NUMBER:		231084949

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		4402074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EUROPEAN CREDIT INVESTMENTS I (C), L.P.
		CENTRAL INDEX KEY:			0001760008
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-397
		FILM NUMBER:		231084948

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		4402074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Revolver Funding LP
		CENTRAL INDEX KEY:			0001760232
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-396
		FILM NUMBER:		231084947

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE
		STREET 2:		44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE
		STREET 2:		44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares EPIC Co-Invest, L.P.
		CENTRAL INDEX KEY:			0001761040
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-395
		FILM NUMBER:		231084946

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG Capital Partners V, L.P.
		CENTRAL INDEX KEY:			0001761584
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-394
		FILM NUMBER:		231084945

	BUSINESS ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD.
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		345 814 7600

	MAIL ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD.
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK INFRASTRUCTURE PARTNERS II, L.P.
		CENTRAL INDEX KEY:			0001766763
		IRS NUMBER:				831333086
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-393
		FILM NUMBER:		231084944

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Credit Investment Partnership I (V), L.P.
		CENTRAL INDEX KEY:			0001769385
		IRS NUMBER:				833748008
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-392
		FILM NUMBER:		231084943

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE
		STREET 2:		44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE
		STREET 2:		44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Multi-Credit Fund LLC
		CENTRAL INDEX KEY:			0001774265
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-391
		FILM NUMBER:		231084942

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3102014100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG Capital Partners V Sidecar, L.P.
		CENTRAL INDEX KEY:			0001774668
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-390
		FILM NUMBER:		231084941

	BUSINESS ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD.
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		(345) 814 7600

	MAIL ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD.
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares SFERS Credit Strategies Fund LLC
		CENTRAL INDEX KEY:			0001776235
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-389
		FILM NUMBER:		231084940

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares High Income Credit Opportunities Fund II (Master) LP
		CENTRAL INDEX KEY:			0001776777
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-388
		FILM NUMBER:		231084939

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES HICOF II MANAGEMENT LP
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3102014100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES HICOF II MANAGEMENT LP
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASOF DELAWARE FEEDER, L.P.
		CENTRAL INDEX KEY:			0001779094
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-387
		FILM NUMBER:		231084938

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES SPECIAL OPPORTUNITIES FUND (OFFSHORE), L.P.
		CENTRAL INDEX KEY:			0001779105
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-386
		FILM NUMBER:		231084937

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES SPECIAL OPPORTUNITIES FUND, L.P.
		CENTRAL INDEX KEY:			0001779109
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-385
		FILM NUMBER:		231084936

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES PG CO-INVEST, L.P.
		CENTRAL INDEX KEY:			0001782808
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-384
		FILM NUMBER:		231084935

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES PE EXTENDED VALUE FUND LP
		CENTRAL INDEX KEY:			0001784534
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-383
		FILM NUMBER:		231084934

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Spring Bridge Partners, L.P.
		CENTRAL INDEX KEY:			0001788355
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-382
		FILM NUMBER:		231084933

	BUSINESS ADDRESS:	
		STREET 1:		C/O SPRING BRIDGE PARTNERS
		STREET 2:		200 PARK AVENUE, 17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		(212) 377-7030

	MAIL ADDRESS:	
		STREET 1:		C/O SPRING BRIDGE PARTNERS
		STREET 2:		200 PARK AVENUE, 17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASOF Investment Management LLC
		CENTRAL INDEX KEY:			0001793548
		IRS NUMBER:				272078839
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-381
		FILM NUMBER:		231084932

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		3102014100

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Funding III LP
		CENTRAL INDEX KEY:			0001793966
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-380
		FILM NUMBER:		231084931

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310.921.7267

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Opportunity Fund III, L.P.
		CENTRAL INDEX KEY:			0001794605
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-379
		FILM NUMBER:		231084930

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Opportunity Parallel Fund III-A, L.P.
		CENTRAL INDEX KEY:			0001794741
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-378
		FILM NUMBER:		231084929

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares PA Opportunities Fund, L.P.
		CENTRAL INDEX KEY:			0001795398
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-377
		FILM NUMBER:		231084928

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES SCM CO-INVEST III, L.P.
		CENTRAL INDEX KEY:			0001795698
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-376
		FILM NUMBER:		231084927

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Property Enhancement Partners III SCSp
		CENTRAL INDEX KEY:			0001802253
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-375
		FILM NUMBER:		231084926

	BUSINESS ADDRESS:	
		STREET 1:		14-16 AVENUE PASTEUR
		STREET 2:		LUXEMBOURG L-12462310 LUXEMBOURG
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-12462310
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Pathfinder Fund, L.P.
		CENTRAL INDEX KEY:			0001804489
		IRS NUMBER:				843564706
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-374
		FILM NUMBER:		231084925

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Pathfinder Fund (Offshore), L.P.
		CENTRAL INDEX KEY:			0001804490
		IRS NUMBER:				981516841
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-373
		FILM NUMBER:		231084924

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chimney Tops Loan Fund, LLC
		CENTRAL INDEX KEY:			0001804612
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-372
		FILM NUMBER:		231084923

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund VI, L.P.
		CENTRAL INDEX KEY:			0001808719
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-371
		FILM NUMBER:		231084922

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund VI Parallel (Foreign), L.P.
		CENTRAL INDEX KEY:			0001808720
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-370
		FILM NUMBER:		231084921

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Corporate Opportunities Fund VI Parallel (TE), L.P.
		CENTRAL INDEX KEY:			0001808721
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-369
		FILM NUMBER:		231084920

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares SSG Secured Lending Opportunities III, L.P.
		CENTRAL INDEX KEY:			0001810449
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-368
		FILM NUMBER:		231084919

	BUSINESS ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		345 814 7600

	MAIL ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SSG Secured Lending Opportunities III, L.P.
		DATE OF NAME CHANGE:	20200422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Climate Infrastructure Partners, L.P.
		CENTRAL INDEX KEY:			0001810559
		IRS NUMBER:				833726287
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-367
		FILM NUMBER:		231084918

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACIP Parallel Fund A, L.P.
		CENTRAL INDEX KEY:			0001810562
		IRS NUMBER:				833744531
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-366
		FILM NUMBER:		231084917

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Opportunities 2020 (C), LP
		CENTRAL INDEX KEY:			0001813480
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-365
		FILM NUMBER:		231084916

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XVII, L.P.
		CENTRAL INDEX KEY:			0001814522
		IRS NUMBER:				844415327
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-364
		FILM NUMBER:		231084915

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEPEP III N Strategic Co-Invest, L.P.
		CENTRAL INDEX KEY:			0001815252
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-363
		FILM NUMBER:		231084914

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XVII CO-INVESTMENT FUND, L.P.
		CENTRAL INDEX KEY:			0001816032
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-362
		FILM NUMBER:		231084913

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EPIC CO-INVEST II, L.P.
		CENTRAL INDEX KEY:			0001818906
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-361
		FILM NUMBER:		231084912

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Spring Bridge Partners (Longshore), L.P.
		CENTRAL INDEX KEY:			0001819800
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-360
		FILM NUMBER:		231084911

	BUSINESS ADDRESS:	
		STREET 1:		C/O SPRING BRIDGE PARTNERS
		STREET 2:		200 PARK AVENUE, 17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		(212) 377-7030

	MAIL ADDRESS:	
		STREET 1:		C/O SPRING BRIDGE PARTNERS
		STREET 2:		200 PARK AVENUE, 17TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES RF CO-INVEST, L.P.
		CENTRAL INDEX KEY:			0001820685
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-359
		FILM NUMBER:		231084910

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Credit Solutions (Offshore) II, L.P.
		CENTRAL INDEX KEY:			0001820923
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-358
		FILM NUMBER:		231084909

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Credit Solutions II, L.P.
		CENTRAL INDEX KEY:			0001821273
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-357
		FILM NUMBER:		231084908

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES RF CO-INVEST (H), L.P.
		CENTRAL INDEX KEY:			0001821274
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-356
		FILM NUMBER:		231084907

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe V (G) Levered
		CENTRAL INDEX KEY:			0001822680
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-355
		FILM NUMBER:		231084906

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		44 (20) 7434 6400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe V (G) Levered SCSp
		DATE OF NAME CHANGE:	20200826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe V (E) Unlevered
		CENTRAL INDEX KEY:			0001822681
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-354
		FILM NUMBER:		231084905

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		44 (20) 7434 6400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe V (E) Unlevered SCSp
		DATE OF NAME CHANGE:	20200826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe V (E) Levered
		CENTRAL INDEX KEY:			0001822682
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-353
		FILM NUMBER:		231084904

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		44 (20) 7434 6400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe V (E) Levered SCSp
		DATE OF NAME CHANGE:	20200826

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Capital Europe V (G) Unlevered
		CENTRAL INDEX KEY:			0001822774
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-352
		FILM NUMBER:		231084903

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		44 (20) 7434 6400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Capital Europe V (G) Unlevered SCSp
		DATE OF NAME CHANGE:	20200827

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AF Energy Feeder, L.P.
		CENTRAL INDEX KEY:			0001831203
		IRS NUMBER:				823985773
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-351
		FILM NUMBER:		231084902

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		STREET 2:		C/O ARES MANAGEMENT
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Sports, Media & Entertainment Finance, L.P.
		CENTRAL INDEX KEY:			0001831773
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-350
		FILM NUMBER:		231084901

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Sports, Media & Entertainment Finance (Offshore), L.P.
		CENTRAL INDEX KEY:			0001831774
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-349
		FILM NUMBER:		231084900

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments VII (CP), L.P.
		CENTRAL INDEX KEY:			0001833763
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-348
		FILM NUMBER:		231084899

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE
		BUSINESS PHONE:		442074346400

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		10 NEW BURLINGTON STREET, 6TH FLOOR
		CITY:			LONDON
		STATE:			X0
		ZIP:			W1S 3BE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Opportunity Parallel Fund lll-B, L.P.
		CENTRAL INDEX KEY:			0001850829
		IRS NUMBER:				861771425
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-347
		FILM NUMBER:		231084898

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Midway Partners, L.P.
		CENTRAL INDEX KEY:			0001852162
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-346
		FILM NUMBER:		231084897

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Pan-European Logistics Partnership, L.P.
		CENTRAL INDEX KEY:			0001852238
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-345
		FILM NUMBER:		231084896

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Opportunities (CP), L.P.
		CENTRAL INDEX KEY:			0001852607
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-344
		FILM NUMBER:		231084895

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares EHP Co-Invest Holdings, L.P.
		CENTRAL INDEX KEY:			0001852763
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-343
		FILM NUMBER:		231084894

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares VAL Co-Invest Holdings I, L.P.
		CENTRAL INDEX KEY:			0001852764
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-342
		FILM NUMBER:		231084893

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares VAL Co-Invest Holdings II, L.P.
		CENTRAL INDEX KEY:			0001852765
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-341
		FILM NUMBER:		231084892

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LIMITED
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Ground Lease Partners, L.P.
		CENTRAL INDEX KEY:			0001856735
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-340
		FILM NUMBER:		231084891

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Parallel Fund (U) II, L.P.
		CENTRAL INDEX KEY:			0001866563
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-339
		FILM NUMBER:		231084890

	BUSINESS ADDRESS:	
		STREET 1:		C/O SDL MANAGEMENT II, LTD.
		STREET 2:		UGLAND HOUSE, PO BOX 309
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104
		BUSINESS PHONE:		345-814-5769

	MAIL ADDRESS:	
		STREET 1:		C/O SDL MANAGEMENT II, LTD.
		STREET 2:		UGLAND HOUSE, PO BOX 309
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Parallel Fund (L) II, L.P.
		CENTRAL INDEX KEY:			0001866564
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-338
		FILM NUMBER:		231084889

	BUSINESS ADDRESS:	
		STREET 1:		C/O SDL MANAGEMENT II, LTD.
		STREET 2:		UGLAND HOUSE, PO BOX 309
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104
		BUSINESS PHONE:		345-814-5769

	MAIL ADDRESS:	
		STREET 1:		C/O SDL MANAGEMENT II, LTD.
		STREET 2:		UGLAND HOUSE, PO BOX 309
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-1104

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Fund X-B, L.P.
		CENTRAL INDEX KEY:			0001866731
		IRS NUMBER:				861755757
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-131
		FILM NUMBER:		231084682

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Fund X-A, L.P.
		CENTRAL INDEX KEY:			0001866732
		IRS NUMBER:				861770375
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-132
		FILM NUMBER:		231084683

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares US Real Estate Fund X, L.P.
		CENTRAL INDEX KEY:			0001866953
		IRS NUMBER:				861755657
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-133
		FILM NUMBER:		231084684

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Direct Lending Opportunities Offshore LLC
		CENTRAL INDEX KEY:			0001870496
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-337
		FILM NUMBER:		231084888

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Direct Lending Opportunities Parallel LLC
		CENTRAL INDEX KEY:			0001870497
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-336
		FILM NUMBER:		231084887

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Direct Lending Opportunities LLC
		CENTRAL INDEX KEY:			0001870498
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-335
		FILM NUMBER:		231084886

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Pathfinder Core Fund, L.P.
		CENTRAL INDEX KEY:			0001871190
		IRS NUMBER:				863897120
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-334
		FILM NUMBER:		231084885

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Pathfinder Core Fund (Offshore), L.P.
		CENTRAL INDEX KEY:			0001871220
		IRS NUMBER:				863898946
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-333
		FILM NUMBER:		231084884

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares RLG Co-Invest Holdings, L.P.
		CENTRAL INDEX KEY:			0001873907
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-332
		FILM NUMBER:		231084883

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Markets Fund
		CENTRAL INDEX KEY:			0001876006
		IRS NUMBER:				000000000
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-331
		FILM NUMBER:		231084882

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167
		BUSINESS PHONE:		212-750-7300

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVENUE, 44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10167

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Landmark Private Markets Fund
		DATE OF NAME CHANGE:	20210730

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACIP Apex Co-Investment, L.P.
		CENTRAL INDEX KEY:			0001884088
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-330
		FILM NUMBER:		231084881

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK EQUITY PARTNERS XVII-B, L.P.
		CENTRAL INDEX KEY:			0001885967
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-329
		FILM NUMBER:		231084880

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		(860) 651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMBITION HOLDINGS, L.P.
		CENTRAL INDEX KEY:			0001886030
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-328
		FILM NUMBER:		231084879

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares PBN Finance Co. LLC
		CENTRAL INDEX KEY:			0001886603
		IRS NUMBER:				872075643
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-327
		FILM NUMBER:		231084878

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES INVESTMENTS HOLDINGS LLC
		STREET 2:		2000 AVENUE OF THE STARS, FLOOR 12
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(301) 201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES INVESTMENTS HOLDINGS LLC
		STREET 2:		2000 AVENUE OF THE STARS, FLOOR 12
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Special Opportunities Fund II (Jersey), L.P.
		CENTRAL INDEX KEY:			0001887391
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Y9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-123
		FILM NUMBER:		231084674

	BUSINESS ADDRESS:	
		STREET 1:		C/O SOF MANAGEMENT IILTD.
		STREET 2:		3RD FLOOR, LIBERATION HOUSE, CASTLE ST.
		CITY:			ST HELIER
		STATE:			Y9
		ZIP:			JE1 2LH
		BUSINESS PHONE:		44-1534-885200

	MAIL ADDRESS:	
		STREET 1:		C/O SOF MANAGEMENT IILTD.
		STREET 2:		3RD FLOOR, LIBERATION HOUSE, CASTLE ST.
		CITY:			ST HELIER
		STATE:			Y9
		ZIP:			JE1 2LH

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Special Opportunities Fund II, L.P.
		CENTRAL INDEX KEY:			0001887398
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-125
		FILM NUMBER:		231084676

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Special Opportunities Fund II (Offshore), L.P.
		CENTRAL INDEX KEY:			0001887432
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-124
		FILM NUMBER:		231084675

	BUSINESS ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		310-201-4100

	MAIL ADDRESS:	
		STREET 1:		C/O ARES MANAGEMENT LLC
		STREET 2:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Special Opportunities Fund II (Jersey A) L.P.
		CENTRAL INDEX KEY:			0001887449
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			Y9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-122
		FILM NUMBER:		231084673

	BUSINESS ADDRESS:	
		STREET 1:		C/O SOF MANAGEMENT II LTD.
		STREET 2:		3RD FLOOR, LIBERATION HOUSE, CASTLE ST.
		CITY:			ST HELIER
		STATE:			Y9
		ZIP:			JE1 2LH
		BUSINESS PHONE:		44-1534-885200

	MAIL ADDRESS:	
		STREET 1:		C/O SOF MANAGEMENT II LTD.
		STREET 2:		3RD FLOOR, LIBERATION HOUSE, CASTLE ST.
		CITY:			ST HELIER
		STATE:			Y9
		ZIP:			JE1 2LH

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares Special Opportunities Fund II (Jersey-A), L.P.
		DATE OF NAME CHANGE:	20211008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners IX, L.P.
		CENTRAL INDEX KEY:			0001894769
		IRS NUMBER:				862395535
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-326
		FILM NUMBER:		231084877

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners IX-Campbell Co-Investment, L.P.
		CENTRAL INDEX KEY:			0001894782
		IRS NUMBER:				862460917
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-325
		FILM NUMBER:		231084876

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Real Estate Partners IX Co-Investment Fund, L.P.
		CENTRAL INDEX KEY:			0001894828
		IRS NUMBER:				862460917
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-324
		FILM NUMBER:		231084875

	BUSINESS ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070
		BUSINESS PHONE:		860-651-9760

	MAIL ADDRESS:	
		STREET 1:		10 MILL POND LANE
		CITY:			SIMSBURY
		STATE:			CT
		ZIP:			06070

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares SSG Capital Partners VI, L.P.
		CENTRAL INDEX KEY:			0001898444
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-127
		FILM NUMBER:		231084678

	BUSINESS ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		345-949-0100

	MAIL ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Real Estate Fund VI SCSp
		CENTRAL INDEX KEY:			0001907221
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-323
		FILM NUMBER:		231084874

	BUSINESS ADDRESS:	
		STREET 1:		14-16, AVENUE PASTEUR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2310
		BUSINESS PHONE:		(352) 285-5721

	MAIL ADDRESS:	
		STREET 1:		14-16, AVENUE PASTEUR
		CITY:			LUXEMBOURG
		STATE:			N4
		ZIP:			L-2310

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares SSG Excelsior Co-investment, L.P.
		CENTRAL INDEX KEY:			0001913809
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-322
		FILM NUMBER:		231084873

	BUSINESS ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		345-949-0100

	MAIL ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES STRATEGIC INCOME FUND
		CENTRAL INDEX KEY:			0001918712
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-321
		FILM NUMBER:		231084872

	BUSINESS ADDRESS:	
		STREET 1:		245 PARK AVE
		STREET 2:		44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10067
		BUSINESS PHONE:		212-710-2191

	MAIL ADDRESS:	
		STREET 1:		245 PARK AVE
		STREET 2:		44TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10067

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES PRIVATE CREDIT FUND
		DATE OF NAME CHANGE:	20220322

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Asia Direct Lending LP
		CENTRAL INDEX KEY:			0001918722
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-320
		FILM NUMBER:		231084871

	BUSINESS ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008
		BUSINESS PHONE:		345-949-0100

	MAIL ADDRESS:	
		STREET 1:		WALKERS CORPORATE LIMITED
		STREET 2:		190 ELGIN AVENUE
		CITY:			GEORGE TOWN, GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9008

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Ares SSG Direct Lending, L.P.
		DATE OF NAME CHANGE:	20220322

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INSURANCE PARTNERS, L.P.
		CENTRAL INDEX KEY:			0001932926
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-121
		FILM NUMBER:		231084672

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund 1
		CENTRAL INDEX KEY:			0001933002
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-319
		FILM NUMBER:		231084870

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund 2
		CENTRAL INDEX KEY:			0001933003
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-318
		FILM NUMBER:		231084869

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares U.S. Loan Fund (G)
		CENTRAL INDEX KEY:			0001933010
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-317
		FILM NUMBER:		231084868

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Loan Funding II
		CENTRAL INDEX KEY:			0001933044
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-316
		FILM NUMBER:		231084867

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund XI (S), L.P.
		CENTRAL INDEX KEY:			0001933045
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-315
		FILM NUMBER:		231084866

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Global High Grade CLO Debt Fund, L.P.
		CENTRAL INDEX KEY:			0001933101
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-314
		FILM NUMBER:		231084865

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments II (G), L.P.
		CENTRAL INDEX KEY:			0001933210
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-313
		FILM NUMBER:		231084864

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Global Multi-Asset Credit Master Fund, L.P.
		CENTRAL INDEX KEY:			0001933234
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-312
		FILM NUMBER:		231084863

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES IDF MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001933236
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-311
		FILM NUMBER:		231084862

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INDUSTRIAL REAL ESTATE EXCHANGE LLC
		CENTRAL INDEX KEY:			0001933237
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-310
		FILM NUMBER:		231084861

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Strategies Fund VI (B), LP
		CENTRAL INDEX KEY:			0001933249
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-309
		FILM NUMBER:		231084860

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares European Loan Fund (G)
		CENTRAL INDEX KEY:			0001933250
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-308
		FILM NUMBER:		231084859

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INSURANCE SOLUTIONS LLC
		CENTRAL INDEX KEY:			0001933252
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-307
		FILM NUMBER:		231084858

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LXI CLO LTD.
		CENTRAL INDEX KEY:			0001933276
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-306
		FILM NUMBER:		231084857

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO XVI Designated Activity Co
		CENTRAL INDEX KEY:			0001933284
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-305
		FILM NUMBER:		231084856

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND XVI, LTD.
		CENTRAL INDEX KEY:			0001933285
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-304
		FILM NUMBER:		231084855

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments III (K), L.P.
		CENTRAL INDEX KEY:			0001933286
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-303
		FILM NUMBER:		231084854

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK CO-INVESTMENT PARTNERS IX, L.P.
		CENTRAL INDEX KEY:			0001933294
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-302
		FILM NUMBER:		231084853

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND XVIII, LTD.
		CENTRAL INDEX KEY:			0001933301
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-301
		FILM NUMBER:		231084852

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO XV Designated Activity Co
		CENTRAL INDEX KEY:			0001933371
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-300
		FILM NUMBER:		231084851

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO XIV Designated Activity Co
		CENTRAL INDEX KEY:			0001933372
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-299
		FILM NUMBER:		231084850

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO XII Designated Activity Co
		CENTRAL INDEX KEY:			0001933379
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-298
		FILM NUMBER:		231084849

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND XIV, LTD.
		CENTRAL INDEX KEY:			0001933381
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-297
		FILM NUMBER:		231084848

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO XIII Designated Activity Co
		CENTRAL INDEX KEY:			0001933385
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-296
		FILM NUMBER:		231084847

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INDUSTRIAL PROPERTY ADVISORS SUB III LLC
		CENTRAL INDEX KEY:			0001933390
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-295
		FILM NUMBER:		231084846

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO XI Designated Activity Co
		CENTRAL INDEX KEY:			0001933404
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-294
		FILM NUMBER:		231084845

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND XII, LTD
		CENTRAL INDEX KEY:			0001933409
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-293
		FILM NUMBER:		231084844

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AIREX ADVISOR LLC
		CENTRAL INDEX KEY:			0001933410
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-292
		FILM NUMBER:		231084843

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO X Designated Activity Co
		CENTRAL INDEX KEY:			0001933418
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-291
		FILM NUMBER:		231084842

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND VIII, LTD.
		CENTRAL INDEX KEY:			0001933420
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-290
		FILM NUMBER:		231084841

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND V, LTD.
		CENTRAL INDEX KEY:			0001933426
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-289
		FILM NUMBER:		231084840

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INDUSTRIAL PROPERTY ADVISORS SUB II LLC
		CENTRAL INDEX KEY:			0001933440
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-288
		FILM NUMBER:		231084839

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND XIX, LTD.
		CENTRAL INDEX KEY:			0001933441
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-287
		FILM NUMBER:		231084838

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IVY HILL MIDDLE MARKET CREDIT FUND XV, LTD.
		CENTRAL INDEX KEY:			0001933442
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-286
		FILM NUMBER:		231084837

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AREG Iberian Residential Co-Invest Vehicle SCSp
		CENTRAL INDEX KEY:			0001933517
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-285
		FILM NUMBER:		231084836

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AREG Kennedy Co-Invest S.C.A.
		CENTRAL INDEX KEY:			0001933545
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-284
		FILM NUMBER:		231084835

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AREA EAGLE CO-INVEST MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001933602
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-283
		FILM NUMBER:		231084834

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AREG MAKENA MANAGEMENT LP
		CENTRAL INDEX KEY:			0001933609
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-282
		FILM NUMBER:		231084833

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Property Enhancement Parallel Partners III SCSp
		CENTRAL INDEX KEY:			0001933621
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-281
		FILM NUMBER:		231084832

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES ALTERNATIVE CREDIT MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001933664
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-280
		FILM NUMBER:		231084831

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			HUSH LUX S.A.R.L.
		CENTRAL INDEX KEY:			0001933667
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-279
		FILM NUMBER:		231084830

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments IV (A), L.P.
		CENTRAL INDEX KEY:			0001933687
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-278
		FILM NUMBER:		231084829

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments IX (AF), L.P.
		CENTRAL INDEX KEY:			0001933688
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-277
		FILM NUMBER:		231084828

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments V (X), L.P.
		CENTRAL INDEX KEY:			0001933689
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-276
		FILM NUMBER:		231084827

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LI CLO LTD.
		CENTRAL INDEX KEY:			0001933690
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-275
		FILM NUMBER:		231084826

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European Credit Investments VI (N), L.P.
		CENTRAL INDEX KEY:			0001933691
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-274
		FILM NUMBER:		231084825

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Diversified Credit Strategies Fund II (IM), L.P.
		CENTRAL INDEX KEY:			0001933692
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-273
		FILM NUMBER:		231084824

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES DIVERSIFIED REAL ESTATE EXCHANGE LLC
		CENTRAL INDEX KEY:			0001933695
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-272
		FILM NUMBER:		231084823

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO IX Designated Activity Co
		CENTRAL INDEX KEY:			0001933696
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-271
		FILM NUMBER:		231084822

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LII CLO LTD.
		CENTRAL INDEX KEY:			0001933697
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-270
		FILM NUMBER:		231084821

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EUROPEAN CLO VI Designated Activity Co
		CENTRAL INDEX KEY:			0001933710
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-269
		FILM NUMBER:		231084820

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LIII CLO LTD.
		CENTRAL INDEX KEY:			0001933711
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-268
		FILM NUMBER:		231084819

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES EUROPEAN CLO VII Designated Activity Co
		CENTRAL INDEX KEY:			0001933712
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-267
		FILM NUMBER:		231084818

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LIV CLO LTD.
		CENTRAL INDEX KEY:			0001933713
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-266
		FILM NUMBER:		231084817

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LIX CLO LTD.
		CENTRAL INDEX KEY:			0001933714
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-265
		FILM NUMBER:		231084816

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LOAN FUNDING I, LTD.
		CENTRAL INDEX KEY:			0001933715
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-264
		FILM NUMBER:		231084815

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EIF OREGON, LLC
		CENTRAL INDEX KEY:			0001933716
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-263
		FILM NUMBER:		231084814

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INDUSTRIAL REAL ESTATE FUND GP LLC
		CENTRAL INDEX KEY:			0001933717
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-262
		FILM NUMBER:		231084813

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares European CLO VIII Designated Activity Co
		CENTRAL INDEX KEY:			0001933718
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-261
		FILM NUMBER:		231084812

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LV CLO LTD.
		CENTRAL INDEX KEY:			0001933719
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-260
		FILM NUMBER:		231084811

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Industrial Real Estate Fund LP
		CENTRAL INDEX KEY:			0001933720
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-259
		FILM NUMBER:		231084810

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INDUSTRIAL REAL ESTATE FUND MANAGER LLC
		CENTRAL INDEX KEY:			0001933721
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-258
		FILM NUMBER:		231084809

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LVI CLO LTD.
		CENTRAL INDEX KEY:			0001933722
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-257
		FILM NUMBER:		231084808

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Industrial Real Estate Income Trust Inc. - Build-To-Core Industrial Partnership III LLC
		CENTRAL INDEX KEY:			0001933723
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-256
		FILM NUMBER:		231084807

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LVII CLO LTD.
		CENTRAL INDEX KEY:			0001933724
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-255
		FILM NUMBER:		231084806

	BUSINESS ADDRESS:	
		STREET 1:		200 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

	MAIL ADDRESS:	
		STREET 1:		200 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Industrial Real Estate Income Trust Inc. - Build-To-Core Industrial Partnership II LP
		CENTRAL INDEX KEY:			0001933725
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-254
		FILM NUMBER:		231084805

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Industrial Real Estate Income Trust Inc. - Build-To-Core Industrial Partnership I LP
		CENTRAL INDEX KEY:			0001933726
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-253
		FILM NUMBER:		231084804

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LVIII CLO LTD.
		CENTRAL INDEX KEY:			0001933727
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-252
		FILM NUMBER:		231084803

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES INSTITUTIONAL STRUCTURED CREDIT MANAGEMENT, L.P.
		CENTRAL INDEX KEY:			0001933728
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-251
		FILM NUMBER:		231084802

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Institutional High Yield Master Fund LP
		CENTRAL INDEX KEY:			0001933729
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-250
		FILM NUMBER:		231084801

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LX CLO LTD.
		CENTRAL INDEX KEY:			0001933730
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-249
		FILM NUMBER:		231084800

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Apex Pooling, LLC
		CENTRAL INDEX KEY:			0001933741
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-248
		FILM NUMBER:		231084799

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES ASIP VII MANAGEMENT, L.P.
		CENTRAL INDEX KEY:			0001933761
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-247
		FILM NUMBER:		231084798

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EIF CALYPSO II BLOCKER, LLC
		CENTRAL INDEX KEY:			0001933765
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-246
		FILM NUMBER:		231084797

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Credit Strategies Insurance Dedicated Fund - Series of SALI Multi Series Fund LP
		CENTRAL INDEX KEY:			0001933809
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-245
		FILM NUMBER:		231084796

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CSF IV MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001933816
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-244
		FILM NUMBER:		231084795

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADREX ADVISOR LLC
		CENTRAL INDEX KEY:			0001933822
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-243
		FILM NUMBER:		231084794

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Warehouse 2021-8 Ltd.
		CENTRAL INDEX KEY:			0001933825
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-242
		FILM NUMBER:		231084793

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ACIP INVESTMENT MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001933829
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-241
		FILM NUMBER:		231084792

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEIF Linden Blocker II LLC
		CENTRAL INDEX KEY:			0001933835
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-240
		FILM NUMBER:		231084791

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Diversified Credit Strategies Fund (S), L.P.
		CENTRAL INDEX KEY:			0001933841
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-239
		FILM NUMBER:		231084790

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Direct Investments (AC) LP
		CENTRAL INDEX KEY:			0001933850
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-238
		FILM NUMBER:		231084789

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Credit Investment Partnership II (A) L.P.
		CENTRAL INDEX KEY:			0001933853
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-237
		FILM NUMBER:		231084788

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AEIF Kleen Investor, LLC
		CENTRAL INDEX KEY:			0001933861
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-236
		FILM NUMBER:		231084787

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK REAL ESTATE PARTNERS VI-OPERS CO-INVESTMENT, L.P.
		CENTRAL INDEX KEY:			0001933873
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-235
		FILM NUMBER:		231084786

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Legacy SCM Aggregator, LLC
		CENTRAL INDEX KEY:			0001933881
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-234
		FILM NUMBER:		231084785

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Asset-Backed Loan Fund LP
		CENTRAL INDEX KEY:			0001933882
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-233
		FILM NUMBER:		231084784

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MC EUROPEAN REAL ESTATE DEBT PARENT LP
		CENTRAL INDEX KEY:			0001933885
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-232
		FILM NUMBER:		231084783

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES CIP (V) MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001933888
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-231
		FILM NUMBER:		231084782

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL Investments III PE Series
		CENTRAL INDEX KEY:			0001933900
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-230
		FILM NUMBER:		231084781

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS II - RE SERIES
		CENTRAL INDEX KEY:			0001933901
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-229
		FILM NUMBER:		231084780

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS II - RA SERIES
		CENTRAL INDEX KEY:			0001933902
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-228
		FILM NUMBER:		231084779

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS II - PE SERIES
		CENTRAL INDEX KEY:			0001933903
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-227
		FILM NUMBER:		231084778

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS II - OUTSIDE OPPORTUNITIES SERIES B
		CENTRAL INDEX KEY:			0001933904
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-226
		FILM NUMBER:		231084777

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS II - OUTSIDE OPPORTUNITIES SERIES A
		CENTRAL INDEX KEY:			0001933905
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-225
		FILM NUMBER:		231084776

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL III - Outside Opportunities B
		CENTRAL INDEX KEY:			0001933926
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-224
		FILM NUMBER:		231084775

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Denali Capital CLO XII, Ltd.
		CENTRAL INDEX KEY:			0001933954
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-223
		FILM NUMBER:		231084774

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares CLO Warehouse 2021-6 Ltd.
		CENTRAL INDEX KEY:			0001933975
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-222
		FILM NUMBER:		231084773

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Denali Capital CLO X, Ltd.
		CENTRAL INDEX KEY:			0001933988
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-221
		FILM NUMBER:		231084772

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crestline Denali CLO XVII, Ltd.
		CENTRAL INDEX KEY:			0001933991
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-220
		FILM NUMBER:		231084771

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crestline Denali CLO XV, Ltd.
		CENTRAL INDEX KEY:			0001933992
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-219
		FILM NUMBER:		231084770

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crestline Denali CLO XIV, Ltd.
		CENTRAL INDEX KEY:			0001933996
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-218
		FILM NUMBER:		231084769

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS, L.P. - RE SERIES
		CENTRAL INDEX KEY:			0001933999
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-217
		FILM NUMBER:		231084768

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Crestline Denali CLO XVI, Ltd.
		CENTRAL INDEX KEY:			0001934000
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-216
		FILM NUMBER:		231084767

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRESTLINE DENALI CAPITAL LLC
		CENTRAL INDEX KEY:			0001934007
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-215
		FILM NUMBER:		231084766

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS, L.P. - RA SERIES
		CENTRAL INDEX KEY:			0001934014
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-214
		FILM NUMBER:		231084765

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL INVESTMENTS, L.P. - PE SERIES
		CENTRAL INDEX KEY:			0001934015
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-213
		FILM NUMBER:		231084764

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL Investments III, L.P. Outside Opportunities Series A
		CENTRAL INDEX KEY:			0001934016
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-212
		FILM NUMBER:		231084763

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL Investments III RE Series
		CENTRAL INDEX KEY:			0001934022
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-211
		FILM NUMBER:		231084762

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NCL Investments III RA Series
		CENTRAL INDEX KEY:			0001934023
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-210
		FILM NUMBER:		231084761

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRIVATE DEBT STRATEGIES FUND III, L.P.
		CENTRAL INDEX KEY:			0001934028
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-209
		FILM NUMBER:		231084760

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRIVATE DEBT STRATEGIES FUND IV, L.P.
		CENTRAL INDEX KEY:			0001934038
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-208
		FILM NUMBER:		231084759

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRIVATE DEBT STRATEGIES FUND V, L.P.
		CENTRAL INDEX KEY:			0001934047
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-207
		FILM NUMBER:		231084758

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares L CLO Ltd.
		CENTRAL INDEX KEY:			0001934075
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-206
		FILM NUMBER:		231084757

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Re Services Ltd.
		CENTRAL INDEX KEY:			0001934122
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-205
		FILM NUMBER:		231084756

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Re (Bermuda) Ltd.
		CENTRAL INDEX KEY:			0001934143
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-204
		FILM NUMBER:		231084755

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG SECURED LENDING OPPORTUNITIES I-A, L.P.
		CENTRAL INDEX KEY:			0001934156
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-203
		FILM NUMBER:		231084754

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG CAPITAL PARTNERS IV SIDECAR, L.P.
		CENTRAL INDEX KEY:			0001934157
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-202
		FILM NUMBER:		231084753

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG CAPITAL PARTNERS III, LP
		CENTRAL INDEX KEY:			0001934158
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-201
		FILM NUMBER:		231084752

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SSG CAPITAL PARTNERS I SIDE POCKET, L.P.
		CENTRAL INDEX KEY:			0001934159
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-200
		FILM NUMBER:		231084751

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Risk Advisors, LLC
		CENTRAL INDEX KEY:			0001934160
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-199
		FILM NUMBER:		231084750

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BCG BTC III MANAGING MEMBER LLC
		CENTRAL INDEX KEY:			0001934165
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-197
		FILM NUMBER:		231084748

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SPRING BRIDGE PARTNERS (PES) FUND, LP
		CENTRAL INDEX KEY:			0001934166
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-196
		FILM NUMBER:		231084747

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cal Ares Real Estate Debt Partners, LLC
		CENTRAL INDEX KEY:			0001934175
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-195
		FILM NUMBER:		231084746

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SHANGHAI SSG INVESTMENT MANAGEMENT Co Ltd
		CENTRAL INDEX KEY:			0001934179
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-194
		FILM NUMBER:		231084745

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Chengdu Ares Yuanjing Equity Investment Fund L.P.
		CENTRAL INDEX KEY:			0001934181
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-193
		FILM NUMBER:		231084744

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CHENGDU ARES YUANKANG INVESTMENT MANAGEMENT CO LTD
		CENTRAL INDEX KEY:			0001934182
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-192
		FILM NUMBER:		231084743

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Life Re Ltd.
		CENTRAL INDEX KEY:			0001934206
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-191
		FILM NUMBER:		231084742

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Financial Services, LLC
		CENTRAL INDEX KEY:			0001934216
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-190
		FILM NUMBER:		231084741

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VEF GROUP MANAGEMENT, LLC
		CENTRAL INDEX KEY:			0001934220
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-189
		FILM NUMBER:		231084740

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Holdings Ltd.
		CENTRAL INDEX KEY:			0001934221
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-188
		FILM NUMBER:		231084739

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Life Insurance Co
		CENTRAL INDEX KEY:			0001934234
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-187
		FILM NUMBER:		231084738

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Wafra Venture Master Fund I
		CENTRAL INDEX KEY:			0001934236
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-186
		FILM NUMBER:		231084737

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Aspida Holdings LLC
		CENTRAL INDEX KEY:			0001934240
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-185
		FILM NUMBER:		231084736

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK PARTNERS INSURANCE FUND SERIES INTERESTS OF THE SALI MULTI-SERIES FUND, L.P.
		CENTRAL INDEX KEY:			0001934246
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-184
		FILM NUMBER:		231084735

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXXIR CLO Ltd.
		CENTRAL INDEX KEY:			0001934253
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-183
		FILM NUMBER:		231084734

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ASOF Direct Investments (A), L.P.
		CENTRAL INDEX KEY:			0001934256
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-182
		FILM NUMBER:		231084733

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK IAM REAL ESTATE PARTNERSHIP V, L.P.
		CENTRAL INDEX KEY:			0001934277
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-181
		FILM NUMBER:		231084732

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Pacific Partners II, L.P.
		CENTRAL INDEX KEY:			0001934278
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-180
		FILM NUMBER:		231084731

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK PACIFIC PARTNERS, L.P. - SERIES A
		CENTRAL INDEX KEY:			0001934279
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-179
		FILM NUMBER:		231084730

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK PACIFIC PARTNERS, L.P. - SERIES B
		CENTRAL INDEX KEY:			0001934280
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-178
		FILM NUMBER:		231084729

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK PACIFIC PARTNERS, L.P. - SERIES C
		CENTRAL INDEX KEY:			0001934281
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-177
		FILM NUMBER:		231084728

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK PARTNERS 1907 FUND III, LP
		CENTRAL INDEX KEY:			0001934282
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-176
		FILM NUMBER:		231084727

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Partners LLC
		CENTRAL INDEX KEY:			0001934283
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-175
		FILM NUMBER:		231084726

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Landmark Private Opportunities (FG) 2021, L.P.
		CENTRAL INDEX KEY:			0001934284
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-174
		FILM NUMBER:		231084725

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK REAL ESTATE PARTNERS V, L.P.
		CENTRAL INDEX KEY:			0001934285
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-173
		FILM NUMBER:		231084724

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK REAL ESTATE PARTNERS VI OFFSHORE, L.P.
		CENTRAL INDEX KEY:			0001934286
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-172
		FILM NUMBER:		231084723

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK REAL ESTATE PARTNERS VII OPERS CO-INVESTMENT, L.P.
		CENTRAL INDEX KEY:			0001934287
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-171
		FILM NUMBER:		231084722

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES HICOF OPERATING MANAGER, L.P.
		CENTRAL INDEX KEY:			0001934302
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-170
		FILM NUMBER:		231084721

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Master Fund II Designated Activity Co
		CENTRAL INDEX KEY:			0001934367
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-169
		FILM NUMBER:		231084720

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLV CLO Ltd.
		CENTRAL INDEX KEY:			0001934562
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-168
		FILM NUMBER:		231084719

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLIX CLO Ltd
		CENTRAL INDEX KEY:			0001934575
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-167
		FILM NUMBER:		231084718

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXVIIIR CLO Ltd.
		CENTRAL INDEX KEY:			0001934589
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-166
		FILM NUMBER:		231084717

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES XX CLO LTD
		CENTRAL INDEX KEY:			0001934591
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-165
		FILM NUMBER:		231084716

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLVI CLO LTD
		CENTRAL INDEX KEY:			0001934592
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-164
		FILM NUMBER:		231084715

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLVIII CLO Ltd.
		CENTRAL INDEX KEY:			0001934600
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-163
		FILM NUMBER:		231084714

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XXXIIR CLO Ltd.
		CENTRAL INDEX KEY:			0001934618
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-162
		FILM NUMBER:		231084713

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Multi-Asset Credit Strategies Fund LP
		CENTRAL INDEX KEY:			0001934641
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-161
		FILM NUMBER:		231084712

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES MANAGEMENT LUXEMBOURG S.A R.L.
		CENTRAL INDEX KEY:			0001934648
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-160
		FILM NUMBER:		231084711

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLVII CLO LTD
		CENTRAL INDEX KEY:			0001934656
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-159
		FILM NUMBER:		231084710

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Private Opportunities (NYC), L.P.
		CENTRAL INDEX KEY:			0001934710
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-158
		FILM NUMBER:		231084709

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES SDL II CAPITAL MANAGEMENT LLC
		CENTRAL INDEX KEY:			0001934711
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-157
		FILM NUMBER:		231084708

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Secured Income Master Fund LP
		CENTRAL INDEX KEY:			0001934712
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-156
		FILM NUMBER:		231084707

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Master Fund Designated Activity Co
		CENTRAL INDEX KEY:			0001934714
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-155
		FILM NUMBER:		231084706

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES LXII CLO LTD.
		CENTRAL INDEX KEY:			0001934726
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-154
		FILM NUMBER:		231084705

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES PRIVATE DEBT STRATEGIES FUND II, L.P.
		CENTRAL INDEX KEY:			0001934742
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-153
		FILM NUMBER:		231084704

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Parallel Fund (L), L.P.
		CENTRAL INDEX KEY:			0001934759
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-152
		FILM NUMBER:		231084703

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Parallel Fund (U) B, L.P.
		CENTRAL INDEX KEY:			0001934770
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-151
		FILM NUMBER:		231084702

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Senior Direct Lending Parallel Fund (U), L.P.
		CENTRAL INDEX KEY:			0001934795
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-150
		FILM NUMBER:		231084701

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Asia (Australia) Pty Ltd
		CENTRAL INDEX KEY:			0001934800
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-149
		FILM NUMBER:		231084700

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES SSG CAPITAL MANAGEMENT (AUSTRALIA) PTY LTD
		DATE OF NAME CHANGE:	20220622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Asia (Thailand) Ltd
		CENTRAL INDEX KEY:			0001934803
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-148
		FILM NUMBER:		231084699

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES SSG CAPITAL MANAGEMENT (THAILAND) Ltd
		DATE OF NAME CHANGE:	20220622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Asia (Hong Kong) Ltd
		CENTRAL INDEX KEY:			0001934806
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-147
		FILM NUMBER:		231084698

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES SSG CAPITAL MANAGEMENT (HONG KONG) Ltd
		DATE OF NAME CHANGE:	20220622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Asia (Mauritius) Ltd
		CENTRAL INDEX KEY:			0001934808
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-146
		FILM NUMBER:		231084697

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES SSG CAPITAL MANAGEMENT (MAURITIUS) LTD.
		DATE OF NAME CHANGE:	20220622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares Management Asia (Singapore) Pte. Ltd.
		CENTRAL INDEX KEY:			0001934812
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-145
		FILM NUMBER:		231084696

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARES SSG CAPITAL MANAGEMENT (SINGAPORE) PTE. LTD.
		DATE OF NAME CHANGE:	20220622

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES SSG CAPITAL MANAGEMENT Ltd
		CENTRAL INDEX KEY:			0001934821
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-144
		FILM NUMBER:		231084695

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARES U.S. CLO MANAGEMENT III LLC - SERIES A
		CENTRAL INDEX KEY:			0001934880
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-143
		FILM NUMBER:		231084694

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLIV CLO Ltd.
		CENTRAL INDEX KEY:			0001934954
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-142
		FILM NUMBER:		231084693

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLIII CLO Ltd.
		CENTRAL INDEX KEY:			0001934955
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-141
		FILM NUMBER:		231084692

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLII CLO Ltd.
		CENTRAL INDEX KEY:			0001934959
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-140
		FILM NUMBER:		231084691

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XLI CLO Ltd
		CENTRAL INDEX KEY:			0001934961
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-139
		FILM NUMBER:		231084690

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ares XL CLO Ltd
		CENTRAL INDEX KEY:			0001934962
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-138
		FILM NUMBER:		231084689

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ivy Hill Middle Market Credit Fund XVII, Ltd.
		CENTRAL INDEX KEY:			0001935005
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-137
		FILM NUMBER:		231084688

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LANDMARK REALTY ADVISORS LLC
		CENTRAL INDEX KEY:			0001936907
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-136
		FILM NUMBER:		231084687

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS, 12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		(310) 201-4100

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

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ARCC FB Funding LLC
		CENTRAL INDEX KEY:			0001968675
		IRS NUMBER:				331089684
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		40-APP
		SEC ACT:		
		SEC FILE NUMBER:	812-15483-126
		FILM NUMBER:		231084677

	BUSINESS ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
		BUSINESS PHONE:		301-201-4100

	MAIL ADDRESS:	
		STREET 1:		2000 AVENUE OF THE STARS
		STREET 2:		12TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90067
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-APP
<SEQUENCE>1
<FILENAME>tm236932d1_40app.htm
<DESCRIPTION>40-APP
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>No.&nbsp;812-______</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>U.S. SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">APPLICATION FOR AN ORDER PURSUANT TO SECTIONS
17(d)&nbsp;AND 57(i)&nbsp;OF THE INVESTMENT COMPANY ACT OF 1940 AND RULE 17d-1 UNDER THE ACT TO PERMIT CERTAIN JOINT TRANSACTIONS OTHERWISE
PROHIBITED BY SECTIONS 17(d)&nbsp;AND 57(a)(4)&nbsp;OF THE ACT AND RULE 17d-l UNDER THE ACT</P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Capital Corporation, Ares Capital CP Funding LLC, Ares Capital
JB Funding LLC, ARCC FB Funding LLC, ACE III Master Fund, L.P., ACIP Investment Management LLC, ACIP Parallel Fund A, L.P., ACIP Apex
Co-Investment, L.P., ACOF Investment Management LLC, ACOF IV ATD Co-Invest, L.P., ACOF Operating Manager II, L.P., ACOF Operating Manager
III, LLC, ACOF Operating Manager IV, LLC, ACOF Operating Manager, L.P., ADREX Advisor LLC, AEIF Kleen Investor, LLC, AEIF Linden Blocker
II LLC, AEPEP III N Strategic Co-Invest, L.P., AF Energy Feeder, L.P., AF V APR Co-Invest, L.P., AIREX Advisor LLC, Ambition Holdings,
L.P., American Capital Equity I, LLC, American Capital Equity II, LP, APSecurities Manager LP, AREA EAGLE Co-Invest Management LLC, AREG
AC Makena Holdings LLC, AREG Iberian Residential Co-Invest Vehicle SCSp, AREG Kennedy Co-Invest S.C.A., AREG LPKC Partners, L.P., AREG
Makena Management L.P., Ares Alternative Credit Management LLC, Ares Apex Pooling, LLC, Ares Asia Management Ltd, Ares ASIP VII Management,
L.P., Ares Asset-Backed Loan Fund LP, Ares Cactus Operating Manager, L.P., Ares Capital Europe IV (E)&nbsp;Levered, Ares Capital Europe
IV (E)&nbsp;Unlevered, Ares Capital Europe IV (G)&nbsp;Levered, Ares Capital Europe IV (G)&nbsp;Unlevered, Ares Capital Europe V (E)&nbsp;Levered,
Ares Capital Europe V (E)&nbsp;Unlevered, Ares Capital Europe V (G)&nbsp;Levered, Ares Capital Europe V (G)&nbsp;Unlevered, Ares Capital
Europe, L.P., Ares Capital Management LLC, Ares Capital Management II LLC, Ares Capital Management III LLC, Ares Centre Street Management,
L.P., Ares Centre Street Partnership, L.P., Ares CIP (V)&nbsp;Management LLC, Ares Climate Infrastructure Partners, L.P., Ares CLO Funding
I, L.P., Ares CLO Funding III LP, Ares CLO Management LLC, Ares CLO Management XXVII, L.P., Ares CLO Management II, LLC, Ares CLO Management
IIIR/IVR, L.P., Ares CLO Management VIR, L.P., Ares CLO Management VR, L.P., Ares CLO Management X, L.P., Ares CLO Management XI, L.P.,
Ares CLO Management XX, L.P., Ares CLO Management XXI, L.P., Ares CLO Management XXIX, L.P., Ares CLO Warehouse 2021-6 Ltd., Ares CLO
Warehouse 2021-8 Ltd., Ares Commercial Finance LP, Ares Commercial Finance Management, LP, Ares Commercial Real Estate Corporation, Ares
Commercial Real Estate Management LLC, Ares Corporate Opportunities Fund Asia, L.P., Ares Corporate Opportunities Fund II, L.P., Ares
Corporate Opportunities Fund III, L.P., Ares Corporate Opportunities Fund IV, L.P., Ares Corporate Opportunities Fund V, L.P., Ares Corporate
Opportunities Fund VI Parallel (Foreign), L.P., Ares Corporate Opportunities Fund VI Parallel (TE), L.P., Ares Corporate Opportunities
Fund VI, L.P., Ares Corporate Opportunities Fund, L.P., Ares Credit Hedge Fund LP, Ares Credit Investment Partnership I (V)&nbsp;L.P.,
Ares Credit Investment Partnership II (A), L.P., Ares Credit Strategies Feeder III UK, L.P., Ares Credit Strategies Fund I, L.P., Ares
Credit Strategies Fund III, L.P., Ares Credit Strategies Insurance Dedicated Fund - Series&nbsp;of SALI Multi Series&nbsp;Fund LP, Ares
CSF III Investment Management, LLC, Ares CSF IV Management LLC, Ares CSF Operating Manager I, LLC, Ares Customized Credit Fund L.P.,
Ares Direct Finance I LP, Ares Direct Investments (AC) LP, Ares Direct Lending Opportunities LLC, Ares Direct Lending Opportunities Offshore
LLC, Ares Direct Lending Opportunities Parallel LLC, Ares Diversified Credit Strategies Fund (S), L.P., Ares Diversified Credit Strategies
Fund II (IM), L.P., Ares Diversified Real Estate Exchange LLC, Ares Dynamic Credit Allocation Fund,&nbsp;Inc.,</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>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares EHP Co-Invest Holdings, L.P., Ares EIF Management, LLC, Ares
Energy Investors Fund V, L.P., Ares Energy Opportunities Fund A, L.P., Ares Energy Opportunities Fund B, L.P., Ares Energy Opportunities
Fund, L.P., Ares Enhanced Credit Opportunities Investment Management II, LLC, Ares Enhanced Credit Opportunities Master Fund II,&nbsp;LTD.,
Ares Enhanced Loan Investment Strategy Advisor IV, L.P., Ares Enhanced Loan Investment Strategy II,&nbsp;LTD., Ares Enhanced Loan Investment
Strategy III,&nbsp;LTD., Ares Enhanced Loan Investment Strategy IR,&nbsp;LTD., Ares Enhanced Loan Management II, L.P., Ares Enhanced
Loan Management III, L.P., Ares Enhanced Loan Management IR, L.P., Ares EPIC Co-Invest II, L.P., Ares EPIC Co-Invest, L.P., Ares European
CLO II B.V., Ares European CLO IX Designated Activity Company, Ares European CLO VI Designated Activity Company, Ares European CLO VII
Designated Activity Company, Ares European CLO VIII Designated Activity Company, Ares European CLO X Designated Activity Company, Ares
European CLO XI Designated Activity Company, Ares European CLO XII Designated Activity Company, Ares European CLO XIII Designated Activity
Company, Ares European CLO XIV Designated Activity Company, Ares European CLO XV Designated Activity Company, Ares European CLO XVI Designated
Activity Company, Ares European Credit Investments I (C), L.P., Ares European Credit Investments II (G), L.P., Ares European Credit Investments
III (K), L.P., Ares European Credit Investments IV (A), L.P., Ares European Credit Investments V (X), L.P., Ares European Credit Investments
VI (N), L.P., Ares European Credit Investments VII (CP), L.P., Ares European Credit Investments IX (AF), L.P., Ares European Credit Strategies
Fund II (B), L.P., Ares European Credit Strategies Fund III (A), L.P., Ares European Credit Strategies Fund IV (M), L.P., Ares European
Credit Strategies Fund IX (C), L.P., Ares European Credit Strategies Fund V (G)&nbsp;L.P., Ares European Credit Strategies Fund VI (B),
LP, Ares European Credit Strategies Fund VII (Palo Verde), L.P., Ares European Credit Strategies Fund X (T), L.P., Ares European Credit
Strategies Fund XI (S), L.P., Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund 1, Ares European Credit Strategies Fund
XII (Z), SCSp RAIF - Sub-Fund 2, Ares European Loan Funding II, Ares European Loan Funding S.L.P., Ares European Loan Management LLP,
Ares European Property Enhancement Parallel Partners III SCSp, Ares European Property Enhancement Partners III SCSp, Ares European Real
Estate Fund VI SCSp, Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares European Loan Fund (G), Ares Global Credit Fund S.C.A., SICAV-RAIF
- Ares U.S. Loan Fund (G), Ares Global High Grade CLO Debt Fund, L.P., Ares Global Multi-Asset Credit Master Fund, L.P., Ares Ground
Lease Partners, L.P., Ares HICOF Operating Manager, L.P., Ares High Income Credit Opportunities Fund II (Master) LP, Ares High Income
Credit Opportunities Fund, L.P., Ares High Yield Strategies Fund IV Management, L.P., Ares ICOF II Management, LLC, Ares ICOF II Master
Fund, L.P., Ares ICOF III Fund (CAYMAN) LP, Ares ICOF III Fund (Delaware) LP, Ares ICOF III Management LP, Ares IDF Management LLC, Ares
IIIR/IVR CLO LTD., Ares Income Opportunity Fund, L.P., Ares Industrial Real Estate Exchange LLC, Ares Industrial Real Estate Fund GP
LLC, Ares Industrial Real Estate Fund LP, Ares Industrial Real Estate Fund Manager LLC, Ares Industrial Real Estate Income Trust Inc.,
Ares Industrial Real Estate Income Trust Inc. - Build-To-Core Industrial Partnership I LP, Ares Industrial Real Estate Income Trust Inc.-
Build-To-Core Industrial Partnership II LP, Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial Partnership III LLC,
Ares Institutional Credit Fund L.P., Ares Institutional High Yield Master Fund LP, Ares Institutional Loan Fund, L.P., Ares Institutional
Structured Credit Management, L.P., Ares Jasper Fund, L.P., Ares L CLO Ltd., Ares LI CLO Ltd., Ares LII CLO Ltd., Ares LIII CLO Ltd.,
Ares LIV CLO Ltd., Ares LIX CLO Ltd., Ares Loan Funding I,&nbsp;Ltd., Ares Loan Trust 2011, Ares Loan Trust 2016, Ares LV CLO Ltd. (fka
Ares CLO Warehouse 2018-6), Ares LVI CLO Ltd., Ares LVII CLO Ltd., Ares LVIII CLO Ltd., Ares LX CLO Ltd., Ares LXI CLO Ltd., Ares LXII
CLO Ltd., Ares Management Limited, Ares Management LLC, Ares Management Luxembourg S.a.r.l., Ares Management UK Limited, Ares Mezzanine Management LLC, Ares Mezzanine Partners, L.P., Ares Midway Partners, L.P., Ares MSCF V (H)&nbsp;Management
LLC, Ares Multi-Asset Credit Strategies Fund LP, Ares Multi-Credit Fund LLC, Ares Multi-Strategy Credit Fund V (H), L.P., Ares ND Credit
Strategies Fund LLC, Ares PA Opportunities Fund, L.P., Ares Pan-European Logistics Partnership, L.P., Ares Pathfinder Core Fund (Offshore),
L.P., Ares Pathfinder Core Fund, L.P., Ares Pathfinder Fund (Offshore), L.P., Ares Pathfinder Fund, L.P., Ares PBN Finance Co. LLC, Ares
PE Extended Value Fund LP, Ares PG Co-Invest L.P., Ares Private Account Management I, L.P., Ares Private Credit Solutions (Cayman), L.P.,
Ares Private Credit Solutions (Offshore) II, L.P., Ares Private Credit Solutions II, L.P., Ares Private Credit Solutions, L.P., Ares
Private Debt Strategies Fund II, L.P., Ares Private Markets Fund, Ares Private Opportunities (CP), L.P., Ares Private Opportunities (NYC),
L.P., Ares Private Opportunities 2020 (C), LP, Ares Real Estate Enhanced Income Fund, L.P., Ares Real Estate Management Holdings, LLC,
Ares Real Estate Income Trust Inc., Ares Real Estate Secured Income Fund, L.P., Ares RF Co-Invest (H), L.P., Ares RF Co-Invest, L.P.,
Ares RLG Co-Invest Holdings, L.P., Ares SCM Co-Invest III, L.P., Ares Secured Income Master Fund LP, Ares Senior Direct Lending Master
Fund Designated Activity Company,</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>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Senior Direct Lending Master Fund II Designated Activity Company,
Ares Senior Direct Lending Parallel Fund (L)&nbsp;II, L.P., Ares Senior Direct Lending Parallel Fund (L), L.P., Ares Senior Direct Lending
Parallel Fund (U)&nbsp;B, L.P., Ares Senior Direct Lending Parallel Fund (U)&nbsp;II, L.P., Ares Senior Direct Lending Parallel Fund
(U), L.P., Ares Senior Loan Trust, Ares Senior Loan Trust Management L.P., Ares SDL II Capital Management LLC, Ares SFERS Credit Strategies
Fund LLC, Ares Special Opportunities Fund (Offshore), L.P., Ares Special Opportunities Fund, L.P., Ares Special Opportunities Fund II
(Jersey A) L.P., Ares Special Opportunities Fund II (Jersey) L.P., Ares Special Opportunities Fund II (Offshore), L.P., Ares Special
Opportunities Fund II, L.P., Ares Special Situations Fund III, L.P., Ares Special Situations Fund IV, L.P., Ares Sports, Media and Entertainment
Finance (Offshore), L.P., Ares Sports, Media and Entertainment Finance, L.P., Ares Management Asia (Australia) Pty Ltd, Ares Management
Asia (Hong Kong) Limited, Ares Management Asia (Cayman) Limited, Ares Management Asia (Mauritius) Ltd, Ares Management Asia (Singapore)
Pte. Ltd., Ares Management Asia (Thailand) Limited, Ares SSG Capital Partners VI, L.P., Ares SSG Excelsior Co-Investment, L.P., Ares
Asia Direct Lending LP, Ares SSG Secured Lending Opportunities III, L.P., Ares Strategic Income Fund, Ares Strategic Investment Partners
IV, Ares UK Credit Strategies, L.P., Ares U.S. CLO Management III LLC &ndash; Series&nbsp;A, Ares US Real Estate Fund X, L.P., Ares US
Real Estate Fund X-A, L.P., Ares US Real Estate Fund X-B, L.P., Ares US Real Estate Opportunity Fund III, L.P., Ares US Real Estate Opportunity
Management, L.P., Ares US Real Estate Opportunity Parallel Fund III-A, L.P., Ares US Real Estate Opportunity Parallel Fund III-B, L.P.,
Ares VAL Co-Invest Holdings I, L.P., Ares VAL Co-Invest Holdings II, L.P., Ares VIR CLO LTD., Ares VR CLO,&nbsp;LTD., Ares X CLO LTD.,
Ares XI CLO LTD., Ares XL CLO Ltd, Ares XLI CLO Ltd, Ares XLII CLO Ltd., Ares XLIII CLO Ltd., Ares XLIV CLO Ltd., Ares XLIX CLO Ltd,
Ares XLV CLO Ltd., Ares XLVI CLO LTD, Ares XLVII CLO LTD, Ares XLVIII CLO Ltd., Ares XX CLO LTD, Ares XXI CLO LTD., Ares XXIX CLO LTD,
Ares XXVII CLO LTD, Ares XXVIIIR CLO Ltd., Ares XXXIIR CLO Ltd., Ares XXXIR CLO Ltd., ARES XXXIV CLO LTD., Ares XXXIX CLO Ltd., Ares
XXXVII CLO, LTD, Ares XXXVIII CLO, LTD, ASIP Operating Manager IV, LLC, ASOF Delaware Feeder, L.P., ASOF Direct Investments (A), L.P.,
ASOF Investment Management LLC, Ares Insurance Partners, L.P., Ares Insurance Solutions LLC, Aspida Holdings Ltd., Aspida Life Re Ltd.,
Aspida Holdings LLC, Aspida Re (Bermuda) Ltd., Aspida Re Services Ltd., Aspida Risk Advisors, LLC, Aspida Financial Services, LLC, Aspida
Life Insurance Company, ASSF Operating Manager III, LLC, ASSF Operating Manager IV, L.P., BCG BTC III Managing Member LLC, Cal Ares Real
Estate Debt Partners, LLC, Chengdu Ares Yuanjing Equity Investment Fund L.P., Chengdu Ares Yuankang Investment Management Co Ltd, Chimney
Tops Loan Fund, LLC, CION Ares Diversified Credit Fund, CION Ares Management, LLC, COLTS 2005-1 LTD., COLTS 2005-2 LTD., Columbus Opportunity
Fund, L.P., Crestline Denali Capital LLC, Crestline Denali CLO XIV,&nbsp;Ltd., Crestline Denali CLO XV,&nbsp;Ltd., Crestline Denali CLO
XVI,&nbsp;Ltd., Crestline Denali CLO XVII,&nbsp;Ltd., Denali Capital CLO X,&nbsp;Ltd., Denali Capital CLO XI,&nbsp;Ltd., Denali Capital
CLO XII,&nbsp;Ltd., EIF Calypso II Blocker, LLC, EIF Channelview Blocker, LLC, EIF Oregon, LLC, EIF United States Power Fund IV, L.P.,
Emporia Preferred Funding III,&nbsp;LTD., Hush Lux S.a.r.l.,&nbsp;Industrial Property Advisors Sub II LLC,&nbsp;Industrial Property Advisors
Sub III LLC,&nbsp;Ivy Hill Asset Management, L.P.,&nbsp;Ivy Hill Investment Holdings, LLC,&nbsp;Ivy Hill Middle Market Credit Fund IV,&nbsp;LTD.,&nbsp;Ivy
Hill Middle Market Credit Fund IX, LTD,&nbsp;Ivy Hill Middle Market Credit Fund V,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund
VII,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund VIII,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund X, LTD,&nbsp;Ivy Hill
Middle Market Credit Fund XII, LTD, Ivy Hill Middle Market Credit Fund XIV, Ltd,&nbsp;Ivy Hill Middle Market Credit Fund XV,&nbsp;Ltd.,&nbsp;Ivy
Hill Middle Market Credit Fund XVI,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XVII,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit
Fund XIX,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XVIII,&nbsp;Ltd.,&nbsp;Ivy Hill Revolver Funding LP, Landmark - NYC Fund
I, L.P., Landmark Co-Investment Partners IX, L.P., Landmark Equity Advisors LLC, Landmark Equity Partners XIII, L.P., Landmark Equity
Partners XIII-A, L.P., Landmark Equity Partners XIV, L.P., Landmark Equity Partners XV, L.P., Landmark Equity Partners XVI Co-Investment
Fund, L.P., Landmark Equity Partners XVI, L.P., Landmark Equity Partners XVII Co-Investment Fund, L.P., Landmark Equity Partners XVII,
L.P, Landmark Equity Partners XVII-B, L.P., Landmark Growth Capital Partners, L.P., Landmark Hudson Partners I, L.P., Landmark IAM Growth
Capital, L.P., Landmark IAM Real Estate Partnership V, L.P., Landmark Infrastructure Partners II, L.P., Landmark Pacific Partners II,
L.P., Landmark Pacific Partners, L.P. &ndash; Series&nbsp;A, Landmark Pacific Partners, L.P. &ndash; Series&nbsp;B, Landmark Pacific
Partners, L.P. &ndash; Series&nbsp;C, Landmark Partners LLC, Landmark Partners 1907 Fund I, L.P., Landmark Partners 1907 Fund II, L.P.,
Landmark Partners 1907 Fund III, L.P., Landmark Partners Insurance Fund Series&nbsp;Interests of the SALI Multi-Series&nbsp;Fund, L.P.,
Landmark Private Opportunities (FG) 2021, L.P., Landmark Realty Advisors LLC, Landmark Real Estate Partners IX Co-Investment Fund, L.P.,
Landmark Real Estate Partners IX, L.P., Landmark Real Estate Partners V, L.P., Landmark Real Estate Partners VI Offshore, L.P., Landmark
Real Estate Partners VI, L.P., Landmark Real Estate Partners VII Offshore, L.P., Landmark Real Estate Partners VII OPERS Co-Investment,
L.P., Landmark Real Estate Partners VII, L.P., Landmark Real Estate Partners VIII Co-Investment Fund, L.P., Landmark Real Estate Partners
VIII, L.P., Landmark Real Estate Partners VIII-A, L.P.,</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>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Landmark Real Estate Partners VIII-Campbell Co-Investment, L.P., Landmark
Real Estate Partners IX-Campbell Co-Investment, L.P., Landmark Real Estate Partners VII-IP Co-Investment, L.P., Landmark Real Estate
Partners VI-OPERS Co-Investment, L.P., Landmark Sing Co-Investment Fund I, L.P., Landmark Tig Co-Investment Fund I, L.P., Landmark TX
ERS Co-Investment Fund I, L.P., Landmark TX ERS Co-Investment Fund II, L.P., Legacy SCM Aggregator, LLC, LWFB Co-Investment Fund I, L.P.,
MC European Real Estate Debt Parent LP, MC Investments Parent L.P, NCL III - Outside Opportunities B, NCL Investments II - Outside Opportunities
Series&nbsp;A, NCL Investments II - Outside Opportunities Series&nbsp;B, NCL Investments II - PE Series, NCL Investments II - RA Series,
NCL Investments II - RE Series, NCL Investments III PE Series, NCL Investments III RA Series, NCL Investments III RE Series, NCL Investments
III, L.P. Outside Opportunities Series&nbsp;A, NCL Investments, L.P. - PE Series, NCL Investments, L.P. - RA Series, NCL Investments,
L.P. - RE Series, Passero 18, L.P., Private Debt Strategies Fund III, L.P., Private Debt Strategies Fund IV, L.P., Private Debt Strategies
Fund V, L.P., Ares Management Asia (Shanghai) Limited, Spring Bridge Partners (Longshore), LP, Spring Bridge Partners (PES)
Fund, LP, Spring Bridge Partners, L.P., SSG Capital Partners I Side Pocket, L.P., SSG Capital Partners II, L.P., SSG Capital Partners
III, LP, SSG Capital Partners IV SIDECAR, L.P., SSG Capital Partners IV, L.P., SSG Capital Partners V SIDECAR, L.P., SSG Capital Partners
V, L.P., SSG Secured Lending Opportunities I-A, L.P., SSG Secured Lending Opportunities II, L.P., United States Power Fund II, L.P.,
United States Power Fund III, L.P., USPF II Institutional Fund, L.P., Wafra Venture Master Fund I, VEF Group Management, LLC</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">2000 Avenue of the Stars, 12<SUP>th</SUP> Floor,
Los Angeles, CA 90067</P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><I>All Communications, Notices
and Orders to:</I></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; width: 50%; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Michael
    J Arougheti</FONT></TD>
    <TD STYLE="text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; width: 50%">Naseem Sagati Aghili</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Chief
    Executive Officer</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid">General Counsel</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Ares
    Management Corporation</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid">Ares Management Corporation</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">2000
    Avenue of the Stars, 12th Floor</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid">2000 Avenue of the Stars, 12<SUP>th</SUP> Floor</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Los
    Angeles, CA 90067</FONT></TD>
    <TD STYLE="text-align: center; border-right: Black 1pt solid">Los Angeles, CA 90067</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">(310)
    201-4100</FONT></TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid; border-right: Black 1pt solid">(310) 201-4100</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">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<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"><I>Copies to:</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 77.95pt 0pt 48.1pt; text-align: center"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 33%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; width: 100%"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"></P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Nicole M. Runyan, P.C.</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">Kirkland
    &amp; Ellis LLP</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: Black 1pt solid; text-align: center; font-size: 10pt"><FONT STYLE="font-size: 10pt">601
    Lexington Avenue</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">New York, NY 10022</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(212) 446-4800</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">nicole.runyan@kirkland.com</P></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 77.95pt 0pt 0"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 78pt 0pt 48.1pt; text-align: center; text-indent: 23.9pt">July 12, 2023</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">&nbsp;</P>

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

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

<!-- Field: Rule-Page --><DIV STYLE="width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<!-- Field: Page; Sequence: 4 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>INTRODUCTION</U></B></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>A.</B></FONT></TD><TD STYLE="text-align: justify"><B><U>Requested
                                            Relief</U></B></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; text-indent: 0.25in">Ares Management LLC and its related
entities, identified in section I.B. below, hereby request an order (the &ldquo;<B><I>Order</I></B>&rdquo;) pursuant to Sections 17(d)
and 57(i) of the Investment Company Act of 1940, as amended (the &ldquo;<B><I>Act</I></B>&rdquo;)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>1</SUP></FONT>
and Rule 17d-1 thereunder<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>2</SUP></FONT> authorizing certain
joint transactions that otherwise would be prohibited by either or both of Sections 17(d) and 57(a)(4) as modified by the exemptive rules
adopted by the U.S. Securities and Exchange Commission (the &ldquo;<B><I>Commission</I></B>&rdquo;) under the Act.</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-indent: 0.25in">In particular, the relief requested in this application
(the &ldquo;<B><I>Application</I></B>&rdquo;) would allow one or more Regulated Funds (including one or more BDC Downstream Funds) and/or
one or more Affiliated Funds (each as defined below) to participate in the same investment opportunities where such participation would
otherwise be prohibited under Section&nbsp;17(d)&nbsp;or 57(a)(4)&nbsp;and the rules&nbsp;under the Act. All existing entities that currently
intend to rely on the Order have been named as Applicants (defined below) and any existing or future entities that may rely on the Order
in the future will comply with its terms and Conditions (defined below) set forth in this Application.</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-indent: 0.25in">The Order would supersede an exemptive order
issued by the Commission on January&nbsp;18, 2017 (as amended, the &ldquo;<B><I>Prior Order</I></B>&rdquo;)<SUP>3</SUP> that was granted
pursuant to Sections 57(a)(4)&nbsp;and 57(i)&nbsp;of the Act and Rule&nbsp;17d-1, with the result that no person will continue to rely
on the Prior Order if the Order is granted. No Regulated Fund or Affiliated Fund that relies on this Order will rely on any other order
of the Commission authorizing co-investment transactions pursuant to Sections 17(d)&nbsp;and 57(i)&nbsp;of the Act and no entity that
relies on another such order of the Commission will rely on this Order.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>B.</B></TD><TD STYLE="text-align: justify"><B><U>Applicants Seeking Relief:</U></B></TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Ares Capital Corporation
                                            (<B><I>&ldquo;ARCC&rdquo;</I></B>), a closed-end non-diversified management investment company
                                            that has elected to be regulated as a BDC (defined below) under the Act;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><TD STYLE="padding-right: 42.15pt">Ares
                                            Strategic Income Fund (<B><I>&ldquo;ASIF&rdquo;</I></B>), a closed-end management investment
                                            company that has elected to be regulated as a BDC under the Act;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Ares Capital Management
                                            LLC (<B><I>&ldquo;ACM&rdquo;</I></B>), an investment adviser registered with the Commission
                                            under the Investment Advisers Act of 1940, as amended (the <B><I>&ldquo;Advisers Act&rdquo;</I></B>),
                                            which serves as investment adviser to ARCC and ASIF;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>CION Ares Diversified
                                            Credit Fund (<B><I>&ldquo;CADEX&rdquo;</I></B>), a diversified, closed-end management investment
                                            company registered under the Act;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Ares Private Markets
                                            Fund (<B><I>&ldquo;APMF&rdquo;</I></B>), a non-diversified, closed-end management investment
                                            company registered under the Act;</TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT><TD STYLE="padding-right: 42.15pt">Ares
                                            Dynamic Credit Allocation Fund, Inc. (&ldquo;<B><I>ARDC,</I></B>&rdquo; and together with
                                            ARCC, ASIF, CADEX and APMF , the &ldquo;<B><I>Existing Regulated Funds</I></B>&rdquo;), a
                                            closed-end diversified management investment company registered under the Act;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>CION Ares Management
                                            LLC (<B><I>&ldquo;CAM&rdquo;</I></B>), an investment adviser registered with the Commission
                                            under the Advisers Act, which serves as CADEX&rsquo;s investment adviser;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Ares Capital Management
                                            II LLC (<B><I>&ldquo;ACM II,&rdquo; </I></B>and together with ACM and CAM, the &ldquo;<B><I>Existing
                                            Advisers to Regulated Funds</I></B>&rdquo;), an investment adviser registered with the Commission
                                            under the Advisers Act, which serves as investment adviser to ARDC and APMF, and as sub-adviser
                                            to CADEX;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Ivy Hill Asset Management
                                            L.P. (<B><I>&ldquo;Ivy Hill&rdquo;</I></B>), an investment adviser registered with the Commission
                                            under the Advisers Act, that is a wholly owned portfolio company of ARCC;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Ares Capital CP Funding
                                            LLC, Ares Capital JB Funding LLC, and ARCC FB Funding LLC, each of which is a Wholly-Owned
                                            Investment Sub (as defined below) of ARCC;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The investment advisers
                                            to the Existing Affiliated Funds (defined below) that are identified in Appendix A (&ldquo;<B><I>Existing
                                            Advisers to Affiliated Funds,</I></B>&rdquo; and together with the Existing Advisers to Regulated
                                            Funds and Ivy Hill, the &ldquo;<B><I>Existing Advisers</I></B>&rdquo;), each of which is
                                            registered as an investment adviser under the Advisers Act;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The investment vehicles
                                            identified in Appendix A, each of which is a separate and distinct legal entity (i)&nbsp;whose
                                            investment adviser is an Adviser, (ii)&nbsp;each of which, other than Aspida Holdings (defined
                                            below), would be an investment company but for Section&nbsp;3(c)(1), 3(c)(5)(C)&nbsp;or 3(c)(7)&nbsp;of
                                            the Act<SUP>4</SUP> and (iii)&nbsp;that intends to participate in the Co-Investment Program
                                            (the &ldquo;<B><I>Existing Affiliated Funds</I></B>&rdquo;); and</TD></TR></TABLE>

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

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0"><SUP>1</SUP> Unless otherwise indicated, all section references herein are to the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>2</SUP> Unless otherwise indicated, all rule references herein
are to rules under the Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>3</SUP> <I>See</I> <U>Ares Capital Corporation, et al.</U> (File
No. 812-13603) Release. No. IC-32427 (January 18, 2017) (order), Release No. IC-32399 (December 22, 2016) (notice), as amended by <U>Ares
Capital Corporation, et al.</U> (File No. 812-15368) Release. No. IC-34722 (September 30, 2022) (order), Release No. IC-34699 (September
8, 2022) (notice).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>4</SUP></FONT>
Aspida Holdings Ltd.<FONT STYLE="background-color: white">&nbsp;(&ldquo;<B><I>Aspida Holdings</I></B>&rdquo;) is a portfolio company
of&nbsp;</FONT>Ares Insurance Partners, L.P. (&ldquo;<B><I>AIP</I></B>&rdquo;) a private fund client advised by Ares Insurance Solutions
LLC (&ldquo;<B><I>AIS</I></B>&rdquo;), a relying adviser of Ares Management LLC (&ldquo;<B><I>Ares</I></B>&rdquo;). Affiliates of Ares
own more than 25% of AIP and thus indirectly Aspida Holdings. Aspida Life Re Limited (&ldquo;<B><I>Aspida Life</I></B>&rdquo;) and Aspida
Life Insurance Company (&ldquo;<B><I>ALIC</I></B>&rdquo;) are wholly owned subsidiaries of Aspida Holdings. AIS and certain Advisers
invest on behalf of insurance companies and insurance-related businesses pursuant to one or more management agreements either directly
with those insurance companies and insurance-related businesses, which may be organized in countries other than the United States and
some in the United States (the &ldquo;<B><I>Aspida Advised Accounts</I></B>,&rdquo; and collectively with Aspida Holdings, ALIC and Aspida
Life, &ldquo;<B><I>Aspida</I></B>&rdquo;) or indirectly via sub-advisory arrangements with Aspida. Aspida invests most of its assets
in securities, including investments in debt issued by private companies. As with the other Affiliated Funds, Aspida and certain Aspida
Advised Accounts are advised by an Adviser pursuant to separate investment management agreements. Certain Aspida Advised Accounts are
excluded from investment company status by Rule 3a-6 and the United States Aspida Advised Accounts by Section 3(c)(3). In addition, Aspida
Holdings, Aspida Life, ALIC and certain other Aspida Advised Accounts do not come within the definition of &ldquo;investment company&rdquo; in
Section 3(a)(1). Unlike the other Affiliated Funds, the Aspida Advised Accounts rely on exclusions from investment company status other
than Section 3(c)(1), 3(c)(5)(C) or 3(c)(7). Applicants do not believe that allowing Aspida to participate in Co-investment Transactions
as Affiliated Funds raises any additional legal or policy concerns not otherwise raised by allowing a Regulated Fund to co-invest with
one or more Affiliated Funds because Aspida is a client of an Adviser the same way that an Affiliated Fund relying on Section 3(c)(1),
3(c)(5)(C) or 3(c)(7) is a client of an Adviser. Accordingly, Applicants request that Aspida be permitted to participate in Co-investment
Transactions as Affiliated Funds. Aspida also utilizes wholly-owned subsidiaries that are themselves excluded from investment company
status to hold investments, and Aspida similarly requests that these wholly-owned subsidiaries be permitted to participate in Co-investment
Transactions on their respective behalves. Although a relatively small portion of Aspida&rsquo;s assets are managed by an investment
adviser that is not an Adviser, only the portion of Aspida&rsquo;s assets for which an Adviser has investment discretion will participate
in Co-investment Transactions. Nothing in this footnote is intended to preclude Aspida from being an Affiliated Fund in the future if
it instead relies solely on Section 3(c)(1), 3(c)(5)(C) or 3(c)(7) and otherwise satisfies the criteria for an &ldquo;Affiliated Fund&rdquo;
set out in the definition thereof.&nbsp; The relief requested with respect to Aspida is similar to relief previously granted by the Commission
to permit insurance companies to participate in Co-Investment Transactions as an Affiliated Fund.&nbsp; <I>See</I> Apollo Investment
Corp., et al. (File No. 812-15015), Release No. IC-34458 (Dec. 29, 2021) (order), IC-34432 (Dec. 3, 2021) (notice).</P>

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

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

<!-- Field: Page; Sequence: 5 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt"></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>The investment vehicles
                                            identified in Appendix B, each of which is a separate and distinct legal entity (i)&nbsp;whose
                                            investment adviser is an Adviser, (ii)&nbsp;that would be an investment company but for Section&nbsp;3(c)(1),
                                            3(c)(5)(C)&nbsp;or 3(c)(7)&nbsp;of the Act, (iii)&nbsp;for each of which Ivy Hill serves
                                            as the investment adviser and (iv)&nbsp;that intends to participate in the Co-Investment
                                            Program (the &ldquo;<B><I>Existing Downstream Ivy Hill Funds,</I></B>&rdquo; together with
                                            the Existing Affiliated Funds, the Existing Advisers to Affiliated Funds, the Existing Regulated
                                            Funds, the Existing Advisers to Regulated Funds,&nbsp;Ivy Hill, Ares Capital CP Funding LLC,
                                            Ares Capital JB Funding LLC and ARCC FB Funding LLC, the &quot;<B><I>Applicants</I></B>&quot;).</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>C.</B></TD><TD STYLE="text-align: justify"><B><U>Defined Terms</U></B></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; text-align: justify; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&quot;Adviser&quot;
</I></B></FONT>means the Existing Advisers and any Future Adviser (defined below).</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&quot;<B><I>Affiliated
Fund</I></B>&quot;<SUP>5</SUP></FONT> means any Existing Affiliated Fund, any Future Affiliated Fund, or any Proprietary Account (defined
below).</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 0pt 0.25in">&quot;<B><I>BDC</I></B>&quot; means a business development
company under the Act.<SUP>6</SUP></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-indent: 0.25in">&quot;<B><I>BDC Downstream
Fund</I></B>&quot; means either (a)&nbsp;with respect to ARCC, the Downstream Ivy Hill Funds, or (b)&nbsp;with respect to any
Regulated Fund that is a BDC, an entity (i)&nbsp;that the BDC directly or indirectly controls, (ii)&nbsp;that is not controlled by
any person other than the BDC (except a person that indirectly controls the entity solely because it controls the BDC),
(iii)&nbsp;that would be an investment company but for Section&nbsp;3(c)(1), 3(c)(5)(C)&nbsp;or 3(c)(7)&nbsp;of the Act,
(iv)&nbsp;whose investment adviser (and sub-adviser(s), if any) is an Adviser, (v)&nbsp;that is not a Wholly-Owned Investment Sub
and (vi)&nbsp;that intends to participate in the Co-Investment Program.</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-indent: 0.25in">&quot;<B><I>Board</I></B><I>&quot; </I>means
(i)&nbsp;with respect to a Regulated Fund other than a BDC Downstream Fund, the board of directors (or the equivalent) of the Regulated
Fund and (ii)&nbsp;with respect to a BDC Downstream Fund, the Independent Party of the BDC Downstream Fund.</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&quot;Board-Established
Criteria&quot; </I></B></FONT>means criteria that the Board of a Regulated Fund may establish from time to time to describe the characteristics
of Potential Co-Investment Transactions (defined below) regarding which the Adviser to the Regulated Fund should be notified under Condition
1. The Board-Established Criteria will be consistent with the Regulated Fund's Objectives and Strategies (defined below). If no Board-Established
Criteria are in effect, then the Regulated Fund's Adviser will be notified of all Potential Co-Investment Transactions that fall within
the Regulated Fund's then-current Objectives and Strategies. Board-Established Criteria will be objective and testable, meaning that
they will be based on observable information, such as, industry/sector of the issuer, minimum EBITDA of the issuer, asset class of the
investment opportunity or required commitment size, and not on characteristics that involve a discretionary assessment. The Adviser to
the Regulated Fund may from time to time recommend criteria for the Board's consideration, but Board-Established Criteria will only become
effective if approved by a majority of the Independent Directors (as defined below). The Independent Directors of a Regulated Fund may
at any time rescind, suspend or qualify their approval of any Board-Established Criteria, though Applicants anticipate that, under normal
circumstances, the Board would not modify these criteria more often than quarterly.</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-indent: 0.25in">&quot;<B><I>Close Affiliate</I></B>&quot; means
the Advisers, the Regulated Funds, the Affiliated Funds and any other person described in Section&nbsp;57(b)&nbsp;(after giving effect
to Rule&nbsp;57b-1) in respect of any Regulated Fund (treating any registered investment company or series thereof as a BDC for this
purpose) except for limited partners included solely by reason of the reference in Section&nbsp;57(b)&nbsp;to Section&nbsp;2(a)(3)(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; text-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&ldquo;Co-Investment
Program&rdquo;</I></B></FONT> means the proposed co-investment program described in this Application that would permit one or more Regulated
Funds and/or one or more Affiliated Funds to participate in the same investment opportunities where such participation would otherwise
be prohibited under Section&nbsp;57(a)(4)&nbsp;and Rule&nbsp;17d-1 by (a)&nbsp;co-investing with each other in securities issued by issuers
in private placement transactions in which an Adviser negotiates terms in addition to price;<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>7
</SUP></FONT>and (b)&nbsp;making Follow-On Investments (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>5</SUP> Affiliated Funds may include funds that are ultimately
structured as collateralized loan obligation funds (&ldquo;<B><I>CLOs</I></B>&rdquo;). Such CLOs would be investment companies but for
the exception provided in Section 3(c)(7) of the Act or their ability to rely on Rule 3a-7 of the Act. During the investment period of
a CLO, the CLO may engage in certain transactions customary in CLO formations with another Affiliated Fund on a secondary basis at fair
market value. For purposes of the Order, any securities that were acquired by an Affiliated Fund in a particular Co-Investment Transaction
that are then transferred in such customary transactions to an Affiliated Fund that is or will become a CLO (an &ldquo;<B><I>Affiliated
Fund CLO</I></B>&rdquo;) will be treated as if the Affiliated Fund CLO acquired such securities in the Co-Investment Transaction. For
the avoidance of doubt, any such transfer from an Affiliated Fund to an Affiliated Fund CLO will be treated as a Disposition (as defined
below) and completed pursuant to terms and conditions of the Application, though Applicants note that the Regulated Funds would be prohibited
from participating in such Disposition by Section 17(a)(2) or Section 57(a)(2) of the Act, as applicable. The participation by any Affiliated
Fund CLO in any such Co-Investment Transaction will remain subject to the Order.</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"><SUP>6</SUP> Section 2(a)(48) defines a BDC to be any closed-end investment
company that operates for the purpose of making investments in securities described in Section 55(a)(1) through 55(a)(3) and makes available
significant managerial assistance with respect to the issuers of such securities.</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-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&quot;<B><I>Co-Investment Transaction</I></B>&quot;
means any transaction in which a Regulated Fund (or its Wholly-Owned Investment Sub (defined below)) participated together with one or
more Affiliated Funds and/or one or more other Regulated Funds in reliance on the Order.</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 0pt 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&quot;Disposition&quot;
</I></B></FONT>means the sale, exchange or other disposition of an interest in a security of an issuer.</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-indent: 0.25in">&quot;<B><I>Downstream Ivy Hill Funds</I></B>&quot;
means any Existing Downstream Ivy Hill Fund or any entity (i)&nbsp;whose investment adviser is Ivy Hill, (ii)&nbsp;that would be an investment
company but for Section&nbsp;3(c)(1), 3(c)(5)(C)&nbsp;or 3(c)(7), (iii)&nbsp;in which none of ACM, any person affiliated with ACM (other
than ARCC or any entity controlled by ARCC), any of their clients, or Ares Operations LLC (<B><I>&ldquo;Ares Administration&rdquo;</I></B>),
is invested, and (iv)&nbsp;that intends to participate in the Co-Investment Program.</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-indent: 0.25in">&quot;<B><I>Eligible Directors</I></B>&quot;
means, with respect to a Regulated Fund and a Potential Co-Investment Transaction, the members of the Regulated Fund&rsquo;s Board eligible
to vote on that Potential Co-Investment Transaction under Section&nbsp;57(o)&nbsp;of the Act (treating any registered investment company
or series thereof as a BDC for this purpose).</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&ldquo;Follow-On
Investment&rdquo;</I></B></FONT> means (i)&nbsp;with respect to a Regulated Fund, an additional investment in the same issuer in which
the Regulated Fund is currently invested; or (ii)&nbsp;with respect to an Affiliated Fund, (X)&nbsp;an additional investment in the same
issuer in which the Affiliated Fund and at least one Regulated Fund are currently invested; or (Y)&nbsp;an investment in an issuer in
which at least one Regulated Fund is currently invested but in which the Affiliated Fund does not currently have an investment. An investment
in an issuer includes, but is not limited to, the exercise of warrants, conversion privileges or other rights to purchase securities
of the issuer.</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-indent: 0.25in">&ldquo;<B><I>Future Adviser</I></B>&rdquo; means
any future investment adviser that (i)&nbsp;controls, is controlled by, or is under common control with any of the Existing Advisers
(other than Ivy Hill), (ii)&nbsp;(a)&nbsp;is registered as an investment adviser under the Advisers Act, (b)&nbsp;is a relying adviser
of an investment adviser that is registered under the Advisers Act and that controls, is controlled by, or is under common control with
any of the Existing Advisers (other than Ivy Hill), or (c)&nbsp;is an exempt reporting adviser pursuant to Rule&nbsp;203(m)&nbsp;of the
Advisers Act, and (iii)&nbsp;is not a Regulated Fund or a subsidiary of a Regulated Fund.</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&ldquo;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif"><B><I>Future
Affiliated Fund</I></B></FONT>&rdquo; means any entity (a)&nbsp;whose investment adviser (and sub-adviser, if any) is an Adviser, (b)&nbsp;that
either (x)&nbsp;would be an investment company but for Section&nbsp;3(c)(1), 3(c)(5)(C)&nbsp;or 3(c)(7)&nbsp;or (y)&nbsp;relies on Rule&nbsp;3a-7,
(c)&nbsp;that intends to participate in the Co-Investment Program, and (d)&nbsp;that is not a BDC Downstream Fund.</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-indent: 0.25in">&quot;<B><I>Future Regulated Fund</I></B>&quot;
means a closed-end management investment company (a)&nbsp;that is registered under the Act or has elected to be regulated as a BDC, (b)&nbsp;whose
investment adviser (and sub-adviser(s), if any) is an Adviser other than Ivy Hill, and (c)&nbsp;that intends to participate in the Co-Investment
Program.</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-indent: 0.25in">&quot;<B><I>Independent Director</I></B>&quot;
means a member of the Board of any relevant entity who is not an &quot;interested person&quot; as defined in Section&nbsp;2(a)(19) of
the Act. No Independent Director of a Regulated Fund (including any non-interested member of an Independent Party) will have a financial
interest in any Co-Investment Transaction, other than indirectly through share ownership in one of the Regulated Funds.</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-indent: 0.25in">&quot;<B><I>Independent Party</I></B>&quot; means,
with respect to a BDC Downstream Fund, (i)&nbsp;if the BDC Downstream Fund has a board of directors (or the equivalent), the board or
(ii)&nbsp;if the BDC Downstream Fund does not have a board of directors (or the equivalent), a transaction committee or advisory committee
of the BDC Downstream Fund.</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; text-indent: 0.25in">&quot;<B><I>JT No-Action
Letters</I></B>&quot; means <U>SMC Capital,&nbsp;Inc.</U>, SEC No-Action Letter (pub. avail. Sept. 5, 1995) and <U>Massachusetts Mutual
Life Insurance Company</U>, SEC No-Action Letter (pub. avail. June&nbsp;7, 2000).</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&quot;Objectives
and Strategies&quot; </I></B></FONT>means (i)&nbsp;with respect to any Regulated Fund other than a BDC Downstream Fund, its investment
objectives and strategies, as described in its most current registration statement on Form&nbsp;N-2, other current filings with the Commission
under the Securities Act or under the Securities Exchange Act of 1934, as amended, and its most current report to stockholders, and (ii)&nbsp;with
respect to any BDC Downstream Fund, those investment objectives and strategies described in its disclosure documents (including private
placement memoranda and reports to equity holders) and organizational documents (including operating agreements).</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-indent: 0.25in">&quot;<B><I>Potential Co-Investment Transaction</I></B>&quot;
means any investment opportunity in which a Regulated Fund (or its Wholly-Owned Investment Sub) could not participate together with one
or more Affiliated Funds and/or one or more other Regulated Funds without obtaining and relying on the Order.</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-indent: 0.25in">&quot;<B><I>Pre-Boarding Investments</I></B>&quot;
are investments in an issuer held by a Regulated Fund as well as one or more Affiliated Funds and/or one or more other Regulated Funds
that were acquired prior to participating in any Co-Investment Transaction:</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD>in transactions in which the only term negotiated by or on behalf
                                            of such funds was price in reliance on one of the JT No-Action Letters; or</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>7</SUP> The term &ldquo;private placement transactions&rdquo;
means transactions in which the offer and sale of securities by the issuer are exempt from registration under the Securities Act of 1933,
as amended (the <B><I>&ldquo;Securities Act&rdquo;</I></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"></P>

<!-- Field: Page; Sequence: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">in transactions occurring at least
                                            90 days apart and without coordination between the Regulated Fund and any Affiliated Fund
                                            or other Regulated Fund.</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; text-indent: 0.25in">&ldquo;<B><I>Proprietary Account&rdquo;</I></B>
means any account of an Adviser or its affiliates or any direct or indirect wholly- or majority-owned subsidiary of an Adviser or its
affiliates that (i)&nbsp;from time to time, may hold various financial assets in a principal capacity and (ii)&nbsp;intends to participate
in the Co-Investment Program.</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 0pt 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>&quot;Regulated
Funds</I></B></FONT>&quot; means the Existing Regulated Funds, the Future Regulated Funds and the BDC Downstream Funds.</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-indent: 0.25in">&quot;<B><I>Related Party</I></B>&quot; means
(i)&nbsp;any Close Affiliate and (ii)&nbsp;in respect of matters as to which any Adviser has knowledge, any Remote Affiliate.</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-indent: 0.25in">&quot;<B><I>Remote Affiliate</I></B>&quot; means
any person described in Section&nbsp;57(e)&nbsp;in respect of any Regulated Fund (treating any registered investment company or series
thereof as a BDC for this purpose) and any limited partner holding 5% or more of the relevant limited partner interests that would be
a Close Affiliate but for the exclusion in that definition.</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-indent: 0.25in">&quot;<B><I>Required Majority</I></B>&quot; means
a required majority, as defined in Section&nbsp;57(o)&nbsp;of the Act.<SUP>8</SUP></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-indent: 0.25in">&quot;<B><I>SBIC Subsidiary</I></B>&quot; means
a Wholly-Owned Investment Sub that is licensed by the Small Business Administration (the &quot;<B><I>SBA</I></B>&quot;) to operate under
the Small Business Investment Act of 1958, as amended, (the &quot;<B><I>SBA Act</I></B>&quot;) as a small business investment company
(a &ldquo;<B><I>SBIC</I></B>&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; text-indent: 0.25in">&quot;<B><I>Tradable Security</I></B>&quot; means
a security that meets the following criteria at the time of Disposition:</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD>it trades on a national securities exchange or designated offshore
                                            securities market as defined in rule&nbsp;902(b)&nbsp;under the Securities Act;</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD>it is not subject to restrictive agreements with the issuer or
                                            other security holders; and</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD>it trades with sufficient volume and liquidity (findings as to
                                            which are documented by the Advisers to any Regulated Funds, holding investments in the issuer
                                            and retained for the life of the Regulated Fund) to allow each Regulated Fund to dispose
                                            of its entire position remaining after the proposed Disposition within a short period of
                                            time not exceeding 30 days at approximately the value (as defined by Section&nbsp;2(a)(41))
                                            at which the Regulated Fund has valued the investment.</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; text-indent: 0.25in">&quot;<B><I>Wholly-Owned Investment Sub&quot;
</I></B>means an entity (i)&nbsp;that is a wholly-owned subsidiary<SUP>9</SUP> of a Regulated Fund (with such Regulated Fund at all times
holding, beneficially and of record, directly or indirectly, 95% or more of the voting and economic interests); (ii)&nbsp;whose sole
business purpose is to hold one or more investments on behalf of such Regulated Fund (and, in the case of an SBIC Subsidiary, maintain
a license under the SBA Act and issue debentures guaranteed by the SBA); (iii)&nbsp;with respect to which such Regulated Fund&rsquo;s
Board has the sole authority to make all determinations with respect to the entity&rsquo;s participation under the Conditions to this
Application; and (iv)&nbsp;(A)&nbsp;that would be an investment company but for Section&nbsp;3(c)(1), 3(c)(5)(C)&nbsp;or 3(c)(7)&nbsp;of
the Act, or (B)&nbsp;that qualifies as a real estate investment trust (<B><I>&ldquo;REIT&rdquo;</I></B>) within the meaning of Section&nbsp;856
of the Internal Revenue Code (<B><I>&ldquo;Code&rdquo;</I></B>) because substantially all of its assets would consist of real properties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>II. <U>APPLICANTS</U></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-indent: 0.25in">Each Applicant below may be deemed to be directly
or indirectly controlled by Ares Management Corporation (<B><I>&ldquo;Ares Management&rdquo;</I></B>), a publicly traded corporation
and the parent company of the Advisers. Ares Management thus may be deemed to control the Regulated Funds and the Affiliated Funds. Ares
Management, however, is a holding company and does not currently offer investment advisory services to any person and is not expected
to do so in the future. Accordingly, Ares Management has not been included as an Applicant.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>A.</B></TD><TD><B><U>Ares Capital Corporation</U></B></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; text-indent: 0.25in">ARCC, a Maryland corporation, is a closed-end,
non-diversified management investment company that has elected to be regulated as a BDC under the Act. ARCC&rsquo;s investment objective
is to generate both current income and capital appreciation through debt and equity investments.</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-indent: 0.25in">ARCC&rsquo;s business and affairs are managed
under the direction of a Board, which currently consists of 11 members, six of whom are Independent Directors. ARCC's Board has delegated
daily management and investment authority to ACM pursuant to an investment advisory and management agreement.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>8</SUP> In the case of a Regulated Fund that is a registered
closed-end fund, the Board members that make up the Required Majority will be determined as if the Regulated Fund were a BDC subject
to Section 57(o). In the case of a BDC Downstream Fund with a board of directors (or the equivalent), the members that make up the Required
Majority will be determined as if the BDC Downstream Fund were a BDC subject to Section 57(o). In the case of a BDC Downstream Fund with
a transaction committee or advisory committee, the committee members that make up the Required Majority will be determined as if the
BDC Downstream Fund were a BDC subject to Section 57(o) and as if the committee members were directors of the fund.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>9</SUP> A &ldquo;wholly-owned subsidiary&rdquo; of a person is
as defined in Section 2(a)(43) of the Act and means a company 95% or more of the outstanding voting securities of which are owned by
such 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"></P>

<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>B.</B></TD><TD><B><U>CION Ares Diversified Credit Fund</U></B></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; text-indent: 0.25in">CADEX, a Delaware statutory trust, is a diversified
closed-end management investment company that is registered under the Act. CADEX&rsquo;s investment objective is to provide superior
risk-adjusted returns across various market cycles by investing in a diversified portfolio of liquid and illiquid asset classes.</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-indent: 0.25in">CADEX's business and affairs are managed under
the direction of a Board, which currently consists of nine members, five of whom are Independent Directors. CAM serves as CADEX&rsquo;s
investment adviser and ACM II serves as CADEX&rsquo;s investment sub-adviser.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>C.</B></TD><TD><B><U>Ares Dynamic Credit Allocation Fund,&nbsp;Inc.</U></B></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; text-indent: 0.25in">ARDC, a Maryland corporation, is a diversified
closed-end management investment company that is registered under the Act. ARDC's investment objective is to seek an attractive risk
adjusted level of total return, primarily through current income and, secondarily, through capital appreciation.</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-indent: 0.25in"><FONT STYLE="font-weight: normal">ARDC's business
and affairs are managed under the direction of a Board, which currently consists of five members, three of whom are Independent Directors.
ACM II serves as ARDC&rsquo;s investment adviser pursuant to an investment advisory agreement.</FONT></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>D.</B></TD><TD><B><U>Ares Strategic Income Fund</U></B></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; text-indent: 0.25in">ASIF, a Delaware statutory trust, is a closed-end
management investment company that has elected to be regulated as a BDC under the Act. ASIF&rsquo;s investment objective is to generate
current income and, to a lesser extent, long-term capital appreciation.</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-indent: 0.25in"><FONT STYLE="font-weight: normal">ASIF's business
and affairs are managed under the direction of a Board, which currently consists of seven members, four of whom are Independent Directors.
ACM serves as ASIF&rsquo;s investment adviser pursuant to an investment advisory and management agreement.</FONT></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>E.</B></TD><TD><B><U>Ares Private Markets Fund</U></B></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; text-indent: 0.25in">APMF, a Delaware statutory trust, is a non-diversified
closed-end management investment company registered under the Act. APMF&rsquo;s investment objective is to seek attractive long-term
capital appreciation.</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-indent: 0.25in"><FONT STYLE="font-weight: normal">APMF's business
and affairs are managed under the direction of a Board, which currently consists of eight members, five of whom are Independent Directors.
ACM II serves as APMF&rsquo;s investment adviser pursuant to an investment advisory agreement.</FONT></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>F.</B></TD><TD><B><U>Ivy Hill and the Existing Downstream Ivy Hill Funds</U></B></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; text-indent: 0.25in">Ivy Hill is ARCC's indirect wholly owned portfolio
company that manages the investment and reinvestment of the assets of the Existing Downstream Ivy Hill Funds. Ivy Hill is a Delaware
limited partnership that is registered as an investment adviser under the Advisers Act.</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-indent: 0.25in">Each of the Existing Downstream Ivy Hill Funds
would be an investment company but for Section 3(c)(1) or 3(c)(7) of the Act. As of March 31, 2023, Ivy Hill had assets under management
of approximately $13.5 billion.</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-indent: 0.25in">In March&nbsp;2012, ARCC received an exemptive
order under Sections 6(c)&nbsp;and 12(d)(3)&nbsp;of the Act which permits ARCC to own and make additional investments in Ivy Hill, which
is a registered investment adviser under the Advisers Act (the &ldquo;<B><I>12(d)(3)&nbsp;Order&rdquo;</I></B>).<SUP>10</SUP> The conditions
to the 12(d)(3)&nbsp;Order provide that neither Ivy Hill (including members of its investment committee with respect to Covered Information
(as defined below) received in their capacities as such) nor any persons controlled by Ivy Hill (<B><I>&ldquo;Information Providers&rdquo;</I></B>)
will directly or indirectly provide Covered Information to ACM or any person affiliated with ACM (other than ARCC and persons controlled
by ARCC and as necessary to be provided to ACM and Ares Administration to provide advisory and administrative services to ARCC and Ivy
Hill) (such restrictions, the <B><I>&ldquo;12(d)(3)&nbsp;Restrictions&rdquo;</I></B>). <B><I>&quot;Covered Information&quot; </I></B>is
defined to mean all information except information that: (i)&nbsp;is generally available to the public; (ii)&nbsp;is of the nature that
Information Providers share with unaffiliated market participants at no cost and is not proprietary to the Information Providers; (iii)&nbsp;Information
Providers have obtained from unaffiliated third parties, including but not limited to general market opinions and analyses, analyst reports
and diligence reports, and that such third parties generally make available to others, including market participants in the ordinary
course, at no cost; or (iv)&nbsp;Information Providers have obtained from, or are providing on behalf of, borrowers or potential borrowers
or their advisors, and that such borrowers or advisors generally make available to unaffiliated market participants at no cost upon request.</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-indent: 0.25in">Applicants believe that the 12(d)(3)&nbsp;Restrictions
do not interfere with the Applicants&rsquo; ability to comply with the Conditions of this Application because the terms of the Order
would not modify the restrictions in the 12(d)(3)&nbsp;Order and Ivy Hill would comply in all respects with both the Order and the 12(d)(3)&nbsp;Order.
Applicants acknowledge that the requested Order does not grant relief from Sections 17(a)(1), 17(a)(2), 57(a)(1)&nbsp;or 57(a)(2)&nbsp;of
the Act.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>G.</B></TD><TD><B><U>Ares Capital Management</U></B></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; text-indent: 0.25in">ACM, a Delaware limited liability company, is
registered as an investment adviser under the Advisers Act and serves as the investment adviser to ARCC and ASIF.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>10</SUP> <U>See Ares Capital Corporation, et al.</U> (File No.
812-13840) Release. No. IC-30024 (March 29, 2012) (order), Release No. IC-29977 (March 9, 2012) (notice).</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>

<!-- Field: Page; Sequence: 9 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>H.</B></TD><TD><B><U>Ares Capital Management II</U></B></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; text-indent: 0.25in">ACM II, a Delaware limited liability company,
is registered as an investment adviser under the Advisers Act. ACM II serves as investment adviser to ARDC and APMF and as sub-adviser
to CADEX.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>I.</B></TD><TD><B><U>CION Ares Management LLC</U></B></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; text-indent: 0.25in">CAM, a Delaware limited liability company, is
registered as an investment adviser under the Advisers Act. CAM serves as investment adviser to CADEX. CAM is a joint venture between
affiliates of Ares Management and affiliates of CION Investment Group, LLC.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>J.</B></TD><TD><B><U>Existing Advisers to Affiliated Funds and Existing Affiliated Funds</U></B></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; text-indent: 0.25in">The Existing Advisers to Affiliated Funds are
the investment advisers to the Existing Affiliated Funds. Each of the Existing Advisers to Affiliated Funds is registered as an investment
adviser under the Advisers Act. A complete list of the Existing Affiliated Funds and the Existing Advisers to Affiliated Funds is included
in Appendix A.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>III. <U>ORDER REQUESTED</U></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-indent: 0.25in">The Applicants respectfully request an Order
of the Commission under Sections 17(d)&nbsp;and 57(i)&nbsp;and Rule&nbsp;17d-1 thereunder to permit, subject to the terms and conditions
set forth below in this Application (the <B><I>&quot;Conditions&quot;</I></B>), a Regulated Fund and one or more other Regulated Funds
and/or one or more Affiliated Funds to enter into Co-Investment Transactions with each other.</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-indent: 0.25in">The Regulated Funds and the Affiliated Funds
seek relief to enter into Co-Investment Transactions because such Co-Investment Transactions would otherwise be prohibited by either
or both of Section&nbsp;17(d)&nbsp;or Section&nbsp;57(a)(4)&nbsp;and the Rules&nbsp;under the Act. This Application seeks relief in order
to:</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 0pt 0.25in; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;enable
the Regulated Funds and Affiliated Funds to avoid, among other things, the practical commercial and/or economic difficulties of trying
to structure, negotiate and persuade counterparties to enter into transactions while awaiting the granting of the relief requested in
individual applications with respect to each Co-Investment Transaction that arises in the future; and</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 0pt 0.25in; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;enable the Regulated
Funds and the Affiliated Funds to avoid the significant legal and other expenses that would be incurred in preparing such individual
applications.</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-indent: 0.25in">In Section&nbsp;A.1. below, the Applicants first
discuss the overall investment process that would apply to initial investments under the Order as well as subsequent transactions with
issuers. In Sections A.3. and A.4. below, the Applicants discuss additional procedures that apply to Follow-On Investments and Dispositions,
including the onboarding process that applies when initial investments were made without relying on the Order.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>A.</B></TD><TD STYLE="text-align: justify"><B><U>Overview</U></B></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; text-indent: 0.25in">Applicants include multiple advisers that are
subsidiaries of Ares Management or, in the case of Ivy Hill, is a registered investment adviser wholly owned by ARCC.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>11
</SUP></FONT>The Advisers manage numerous funds and separate accounts with a wide variety of mandates and had aggregate assets under
management of approximately $360.3 billion as of March 31, 2023. The Advisers&rsquo; clients currently include BDCs and registered investment
companies that are regulated under the Act.</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-indent: 0.25in">Each Adviser manages the assets entrusted to
it by its clients in accordance with its fiduciary duty to those clients and, in the case of the BDCs and the registered investment companies,
the Act.</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-indent: 0.25in">The Advisers are presented with thousands of
investment opportunities each year on behalf of their clients and must determine how to allocate those opportunities in a manner that,
over time, is fair and equitable to all of their clients, and without violating the prohibitions on joint transactions included in Rule&nbsp;17d-1
and Section&nbsp;57(a)(4)&nbsp;of the Act. Prior to obtaining the Prior Order, with respect to investment opportunities that constituted
joint transactions, the Advisers would not include a Regulated Fund in the allocation if another Regulated Fund and/or any Affiliated
Fund participated, and, in the case of a Downstream Ivy Hill Fund, such fund would not participate if an Affiliated Fund or another Regulated
Fund other than ARCC participated. Once invested in a security, the Regulated Funds and Affiliated Funds often have the opportunity to
either complete an additional investment in the same issuer or exit the investment in a transaction that may be a joint transaction.
Prior to obtaining the Prior Order, if a Regulated Fund and one or more Affiliated Funds were invested in an issuer, such funds would
not participate in a Follow-On Investment or exit the investment if the terms of the transaction would be a prohibited joint transaction.</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-indent: 0.25in">As a result, prior to obtaining the Prior Order,
the Regulated Funds and Affiliated Funds were more limited in the types of transactions in which they could participate with each other,
and the Regulated Funds often had to forego transactions that would be beneficial to investors in the Regulated Funds. For this reason,
the Applicants sought the Prior Order in order to engage in certain initial investments, Follow-On Investments, and Dispositions as described
below.</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 0pt 0.25in">The Applicants discuss the need for the requested relief
in greater detail in Section&nbsp;III.C. below.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>11</SUP> Ivy Hill is directly or indirectly wholly owned by ARCC.
As required by the 12(d)(3) Order, ARCC will not dispose of the voting or equity interests of Ivy Hill if, as a result, ARCC would own,
directly or indirectly, less than 50 percent of the outstanding voting and equity interests of Ivy Hill unless ARCC disposes of all of
its interests in Ivy Hill.</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>

<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Advisers have established rigorous processes
for allocating initial investment opportunities, opportunities for subsequent investments in an issuer and dispositions of securities
holdings reasonably designed to treat all clients fairly and equitably. As required by the Prior Order, and as discussed below, these
processes were extended and modified in a manner reasonably designed to ensure that the additional transactions permitted under the requested
Order will both (i)&nbsp;be fair and equitable to the Regulated Funds and the Affiliated Funds and (ii)&nbsp;comply with the Conditions
contained in the Order.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">1.</TD><TD><U>The Investment Process</U></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; text-indent: 0.25in">The investment process consists of three stages:
(i)&nbsp;the identification and consideration of investment opportunities (including follow-on investment opportunities); (ii)&nbsp;order
placement and allocation; and (iii)&nbsp;consideration by each applicable Regulated Fund's Board when a Potential Co-Investment Transaction
is being considered by one or more Regulated Funds, as provided by the Order.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Identification and Consideration of Investment Opportunities</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 42.1pt 0pt 5.95pt; text-indent: 20pt">The Advisers are organized and managed
such that the individual portfolio managers and investment teams responsible for identifying and evaluating investment opportunities and
making investment decisions on behalf of clients are promptly notified of the opportunities. Investment teams are constructed and are
typically led by senior investment professionals and supported by one or more junior investment professionals. Members of the investment
team are selected primarily based on existing relationships with equity sponsors or industry experience. Investment teams lead the due
diligence and structuring processes for new investments and make recommendations to the investment committee. Opportunities for Potential
Co-Investment Transactions may arise when investment advisory personnel of an Adviser become aware of investment opportunities that may
be appropriate for one or more Regulated Funds and one or more Affiliated Funds. The Advisers have established, maintain and implemented
policies and procedures reasonably designed to ensure that, when such opportunities arise, the Advisers to the relevant Regulated Funds
are promptly notified and receive the same information about the opportunity as any other Advisers considering the opportunity for their
clients. In particular, consistent with Condition 1, if a Potential Co-Investment Transaction falls within the then-current Objectives
and Strategies and any Board-Established Criteria of a Regulated Fund, the policies and procedures require that the relevant portfolio
managers, investment teams and/or investment committees responsible for that Regulated Fund receive sufficient information to allow the
Regulated Fund's Adviser to make its independent determination and recommendations under Conditions 1, 2(a), 6, 7, 8 and 9 (as applicable).<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>12</SUP></FONT>
In addition, the policies and procedures specify the individuals or roles responsible for carrying out the policies and procedures, including
ensuring that the Advisers receive such information. After receiving notification of a Potential Co-Investment Transaction under Condition
1(a), the Adviser to each applicable Regulated Fund, working through the applicable portfolio manager, or in conjunction with any applicable
investment team or investment committee, will then make an independent determination of the appropriateness of the investment for the
Regulated Fund, in light of the Regulated Fund's then-current circumstances.</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-indent: 0.25in">Applicants represent that the investment
advisory personnel of the Advisers to the Regulated Funds are charged with making sure they identify, and participate in this
process with respect to, each investment opportunity that falls within the Objectives and Strategies and Board-Established Criteria
of each Regulated Fund. Applicants assert that the Advisers&rsquo; allocation policies and procedures are structured so that the
relevant investment advisory personnel for each Regulated Fund will be promptly notified of all Potential Co-Investment Transactions
that fall within the then-current Objectives and Strategies and Board-Established Criteria of such Regulated Fund and that the
Advisers will undertake to perform these duties regardless of whether the Advisers serve as investment adviser or sub-adviser to the
Regulated Funds or Affiliated Funds.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>Order Placement and Allocation</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; text-indent: 0.25in">The Advisers have each adopted and are all subject
to the &quot;Investment Allocation, Aggregation of Orders and Co-Investments&quot; Policy included in the Ares Management Global Compliance
and Ethics Manual (the &ldquo;<B><I>Allocation Policy</I></B>&rdquo;), which provides that all investment opportunities will be allocated
among their respective client accounts on a basis that over a period of time is fair and equitable to each client account relative to
other clients consistent with any fiduciary duties owed to clients and in an effort to avoid favoring one client over another, taking
into account all relevant facts and circumstances.</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-indent: 0.25in"><U>General</U>. If the Adviser to a Regulated
Fund deems the Regulated Fund&rsquo;s participation in any Potential Co-Investment Transaction to be appropriate, it will, working through
the applicable portfolio manager or in conjunction with any applicable investment team or investment committee, formulate a recommendation
regarding the proposed allocation for the Regulated Fund. In doing so, the Adviser and any applicable investment team or investment committee
may consider such factors, among others, as available capital; investment objectives or current investment strategies; risk profiles;
regulatory issues, restrictions, concentrations and diversity limits; industry restrictions; potential conflicts of interest; the effects
of current and anticipated market and general economic conditions as they relate to the Regulated Fund; existing and prior positions
in an issuer or security; and such other matters as may be reasonably taken into account by the Adviser.</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Allocation
Procedure</U></FONT>. For each Regulated Fund and Affiliated Fund whose Adviser recommends participating in a Potential Co-Investment
Transaction, the Adviser will submit a proposed allocation to an allocation committee for the area in question (e.g., credit, private
equity, real estate) on which senior management, legal and compliance personnel participate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>12</SUP> Representatives
from each Adviser to a Regulated Fund are members of each investment team or investment committee, or are otherwise entitled to participate
in each meeting of any investment team or investment committee, that is expected to approve or reject recommended investment opportunities
falling within its Regulated Funds&rsquo; Objectives and Strategies and Board-Established Criteria. Accordingly, the policies and procedures
may provide, for example, that the Adviser will receive the information required under Condition 1 in conjunction with its representatives&rsquo;
participation in the relevant investment team or investment committee. The investment teams recommend investments to the respective investment
committee for its review and approval and such approval is documented.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> At this stage, each proposed allocation may be reviewed and
adjusted, in accordance with the Allocation Policy.<SUP>13 </SUP>Prior to the External Submission (as defined below), the proposed
allocation will be submitted to the internal investment operations and trading functions, which are comprised of a group of
operations professionals and individual traders who collect and execute trades. The proposed allocation to a Regulated Fund or
Affiliated Fund resulting from this process is referred to as its &ldquo;<B><I>Internal Order</I></B>.&rdquo; The Internal Order of
participating Regulated Funds will be submitted for approval by the Required Majority of any participating Regulated Funds in
accordance with the Conditions and as discussed in Section III.A.1.c. below.</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-indent: 0.25in">If the aggregate Internal Orders for a
Potential Co-Investment Transaction do not exceed the size of the investment opportunity immediately prior to the submission of the
orders to the counterparty, underwriter, broker, dealer or issuer, as applicable (the <I>&quot;<B>External
Submission</B>&quot;</I>), then each Internal Order will be fulfilled as placed. If, on the other hand, the aggregate Internal
Orders for a Potential Co-Investment Transaction exceed the size of the investment opportunity immediately prior to the External
Submission, then the allocation of the opportunity will be made pro rata on the basis of the size of the Internal Orders.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><SUP>14 </SUP></FONT>If,
subsequent to such External Submission, the size of the opportunity is increased or decreased, or if the terms of such opportunity,
or the facts and circumstances applicable to the Regulated Funds&rsquo; or the Affiliated Funds&rsquo; consideration of the
opportunity, change, the participants will be permitted to submit revised Internal Orders in accordance with the Allocation Policy.
The Board of the Regulated Fund will then either approve or disapprove of the investment opportunity in accordance with Condition 2,
6, 7, 8 or 9, as applicable.</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-indent: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>Compliance</U></FONT>.
The Applicants represent that the Advisers&rsquo; allocation review process is a robust process designed as part of their overall compliance
policies and procedures to ensure that every client is treated fairly and that the Advisers are following the Allocation Policy. The
entire allocation process is monitored and reviewed by the compliance team, including the chief compliance officer, of the applicable
Adviser, and approved by the Board of each Regulated Fund as it applies to such Regulated Fund.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD>Approval of Potential Co-Investment Transactions</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; text-align: justify; text-indent: 0.25in">A Regulated Fund will enter
into a Potential Co-Investment Transaction with one or more other Regulated Funds and/or Affiliated Funds only if, prior to the Regulated
Fund&rsquo;s participation in the Potential Co-Investment Transaction, the Required Majority approves it in accordance with the Conditions
of this Order.</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-indent: 0.25in">In the case of a BDC Downstream Fund with an
Independent Party consisting of a transaction committee or advisory committee, the individuals on the committee would possess experience
and training comparable to that of the directors of the parent Regulated Fund and sufficient to permit them to make informed decisions
on behalf of the applicable BDC Downstream Fund. The use of Independent Parties for BDC Downstream Funds results in a standard of approval
that Applicants believe is equally as stringent as the standard of approval that a board of directors would apply. Most importantly,
Applicants represent that the Independent Parties of the BDC Downstream Funds would be bound (by law or by contract) by fiduciary duties
comparable to those applicable to the directors of the parent Regulated Fund, including a duty to act in the best interests of their
respective funds when approving transactions. These duties would apply in the case of all Potential Co-Investment Transactions, including
transactions that could present a conflict of interest.</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-indent: 0.25in">Further, Applicants believe that the existence
of differing routes of approval between the BDC Downstream Funds and other Regulated Funds would not result in Applicants investing through
the BDC Downstream Funds in order to avoid obtaining the approval of a Regulated Fund&rsquo;s Board. Each Regulated Fund and BDC Downstream
Fund has its own Objectives and Strategies and may have its own Board-Established Criteria, the implementation of which depends on the
specific circumstances of the entity&rsquo;s portfolio at the time an investment opportunity is presented. As noted above, consistent
with its duty to its BDC Downstream Funds, the Independent Party must reach a conclusion on whether or not an investment is in the best
interest of its relevant BDC Downstream Funds. An investment made solely to avoid an approval requirement at the Regulated Fund level
should not be viewed as in the best interest of the entity in question and, thus, would not be approved by the Independent Party.</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-indent: 0.25in">Applicants represent that the use of Independent
Parties has been common practice in institutional funds for many years and sophisticated investors, including global institutional investors,
have relied on their presence in fund structures to ensure equitable treatment. Moreover, although a traditional board of directors would
not be required to approve Co-Investment Transactions for a BDC Downstream Fund, a Board of a Regulated Fund would be required, as part
of the overall duty of care that it owes to that Regulated Fund and its shareholders, to monitor the Co-investment Transactions activity
of the Regulated Fund&rsquo;s respective BDC Downstream Funds to ensure that no pattern of abuse was extant.</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-indent: 0.25in">A Regulated Fund may participate in Pro Rata
Dispositions (defined below) and Pro Rata Follow-On Investments (defined below) without obtaining prior approval of the Required Majority
in accordance with Conditions 6(c)(i)&nbsp;and 8(b)(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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>13</SUP> The reason for any such adjustment to a proposed allocation
will be documented in writing and preserved for the records of the Advisers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>14</SUP> The Advisers will maintain records of all proposed allocations,
Internal Orders and External Submissions in conjunction with Potential Co-Investment Transactions. Each applicable Adviser will provide
the Eligible Directors with information concerning the Affiliated Funds&rsquo; and Regulated Funds&rsquo; order sizes to assist the Eligible
Directors with their review of the applicable Regulated Fund&rsquo;s investments for compliance with the Conditions.</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>

<!-- Field: Page; Sequence: 12 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">2.</TD><TD><U>Delayed Settlement</U></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; text-indent: 0.25in">All Regulated Funds and Affiliated Funds participating
in a Co-Investment Transaction will invest at the same time, for the same price and with the same terms, conditions, class, registration
rights and any other rights, so that none of them receives terms more favorable than any other. However, the settlement date for an Affiliated
Fund in a Co-Investment Transaction may occur up to ten business days after the settlement date for the Regulated Fund, and vice versa.
Nevertheless, in all cases, (i)&nbsp;the date on which the commitment of the Affiliated Funds and Regulated Funds is made will be the
same even where the settlement date is not, and (ii)&nbsp;the earliest settlement date and the latest settlement date of any Affiliated
Fund or Regulated Fund participating in the transaction will occur within ten business days of each other.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">3.</TD><TD><U>Permitted Follow-On Investments and Approval of Follow-On Investments</U></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; text-indent: 0.25in">From time to time the Regulated Funds and Affiliated
Funds may have opportunities to make Follow-On Investments in an issuer in which a Regulated Fund and one or more other Regulated Funds
and/or Affiliated Funds previously have invested and continue to hold an investment. The Order, if granted, would permit Affiliated Funds
to participate in Follow-On Investments in issuers in which at least one Regulated Fund is invested, but such Affiliated Funds are not
invested. This relief would not permit Follow-On Investments by Regulated Funds that are not invested in the issuer. If the Order is
granted, Follow-On Investments will be made in a manner that, over time, is fair and equitable to all of the Regulated Funds and Affiliated
Funds and in accordance with the proposed procedures discussed above and with the Conditions of the Order.</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-indent: 0.25in">The Order would divide Follow-On Investments
into two categories depending on whether the Regulated Funds and Affiliated Funds holding investments in the issuer previously participated
in a Co-Investment Transaction with respect to the issuer and continue to hold any securities acquired in a Co-Investment Transaction
for that issuer. If such Regulated Funds and Affiliated Funds have previously participated in a Co-Investment Transaction with respect
to the issuer, then the terms and approval of the Follow-On Investment would be subject to the process discussed in Section&nbsp;III.A.3.a.
below and governed by Condition 8. These Follow-On Investments are referred to as &quot;<B><I>Standard Review Follow-Ons</I></B>.&quot;
If such Regulated Funds and Affiliated Funds hold Pre-Boarding Investments and have not previously participated in a Co-Investment Transaction
with respect to the issuer, then the terms and approval of the Follow-On Investment would be subject to the &ldquo;onboarding process&rdquo;
discussed in Section&nbsp;III.A.3.b. below and governed by Condition 9. These Follow-On Investments are referred to as &ldquo;Enhanced
Review Follow-Ons.&rdquo;</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Standard Review Follow-Ons</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; text-indent: 0.25in">A Regulated Fund may invest in Standard Review
Follow-Ons either with the approval of the Required Majority using the procedures required under Condition 8(c)&nbsp;or, where certain
additional requirements are met, without Board approval under Condition 8(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-indent: 0.25in">A Regulated Fund may participate in a Standard
Review Follow-On without obtaining the prior approval of the Required Majority if it is (i)&nbsp;a Pro Rata Follow-On Investment or (ii)&nbsp;a
Non-Negotiated Follow-On Investment.</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-indent: 0.25in">A &ldquo;<B><I>Pro Rata Follow-On Investment</I></B>&rdquo;
is a Follow-On Investment (i)&nbsp;in which the participation of each Affiliated Fund and each Regulated Fund is proportionate to its
outstanding investments in the issuer or security, as appropriate,<SUP>15</SUP> immediately preceding the Follow-On Investment, and (ii)&nbsp;in
the case of a Regulated Fund, a majority of the Board has approved the Regulated Fund&rsquo;s participation in the pro rata Follow-On
Investments as being in the best interests of the Regulated Fund. The Regulated Fund's Board may refuse to approve, or at any time rescind,
suspend or qualify, their approval of Pro Rata Follow-On Investments, in which case all subsequent Follow-On Investments will be submitted
to the Regulated Fund's Eligible Directors in accordance with Condition 8(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; text-indent: 0.25in">A &ldquo;<B><I>Non-Negotiated Follow-On Investment</I></B>&rdquo;
is a Follow-On Investment in which a Regulated Fund participates together with one or more Affiliated Funds and/or one or more other
Regulated Funds (i)&nbsp;in which the only term negotiated by or on behalf of the funds is price and (ii)&nbsp;with respect to which,
if the transaction were considered on its own, the funds would be entitled to rely on one of the JT No-Action Letters.</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-indent: 0.25in">Applicants believe that these Pro Rata and Non-Negotiated
Follow-On Investments do not present a significant opportunity for overreaching on the part of any Adviser and thus do not warrant the
time or the attention of the Board.</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-indent: 0.25in">Pro Rata Follow-On Investments and Non-Negotiated
Follow-On Investments remain subject to the Board's periodic review in accordance with Condition 10.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD>Enhanced Review Follow-Ons</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; text-indent: 0.25in">One or more Regulated Funds and/or one or more
Affiliated Funds holding Pre-Boarding Investments may have the opportunity to make a Follow-On Investment that is a Potential Co-Investment
Transaction in an issuer with respect to which they have not previously participated in a Co-Investment Transaction. In these cases,
the Regulated Funds and Affiliated Funds may rely on the Order to make such Follow-On Investment subject to the requirements of Condition
9. These enhanced review requirements constitute an &ldquo;onboarding process&rdquo; whereby Regulated Funds and Affiliated Funds may
utilize the Order to participate in Co-Investment Transactions even though they already hold Pre-Boarding Investments. For a given issuer,
the participating Regulated Funds and Affiliated Funds need to comply with these requirements only for the first Co-Investment Transaction.
Subsequent Co-Investment Transactions with respect to the issuer will be governed by Condition 8 under the standard review process.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>15</SUP> See footnote 31 below.</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>

<!-- Field: Page; Sequence: 13 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">4.</TD><TD><U>Dispositions</U></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; text-indent: 0.25in">The Regulated Funds and Affiliated Funds may
be presented with opportunities to sell, exchange or otherwise dispose of securities in a transaction that would be prohibited by Rule&nbsp;17d-1
or Section&nbsp;57(a)(4), as applicable. If the Order is granted, such Dispositions will be made in a manner that, over time, is fair
and equitable to all of the Regulated and Affiliated Funds and in accordance with procedures set forth in the proposed Conditions to
the Order and discussed below.</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-indent: 0.25in">The Order would divide these Dispositions into
two categories: (i)&nbsp;if the Regulated Funds and Affiliated Funds holding investments in the issuer have previously participated in
a Co-Investment Transaction with respect to the issuer and continue to hold any securities acquired in a Co-Investment Transaction for
such issuer, then the terms and approval of the Disposition (hereinafter referred to as &quot;<B><I>Standard Review Dispositions</I></B>&quot;)
would be subject to the process discussed in Section&nbsp;III.A.4.a. below and governed by Condition 6; and (ii)&nbsp;if the Regulated
Funds and Affiliated Funds have not previously participated in a Co-Investment Transaction with respect to the issuer, then the terms
and approval of the Disposition (hereinafter referred to as &quot;<B><I>Enhanced Review Dispositions</I></B>&quot;) would be subject
to the same &ldquo;onboarding process&rdquo; discussed in Section&nbsp;III.A.4.b. below and governed by Condition 7.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD>Standard Review Dispositions</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; text-indent: 0.25in">A Regulated Fund may participate in a Standard
Review Disposition either with the approval of the Required Majority using the standard procedures required under Condition 6(d)&nbsp;or,
where certain additional requirements are met, without Board approval under Condition 6(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; text-align: justify; text-indent: 0.25in">A Regulated Fund may participate
in a Standard Review Disposition without obtaining the prior approval of the Required Majority if (i)&nbsp;the Disposition is a Pro Rata
Disposition or (ii)&nbsp;the securities are Tradable Securities and the Disposition meets the other requirements of Condition 6(c)(ii).</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-indent: 0.25in">A &ldquo;<B><I>Pro Rata Disposition</I></B>&rdquo;
is a Disposition (i)&nbsp;in which the participation of each Affiliated Fund and each Regulated Fund is proportionate to its outstanding
investment in the security subject to Disposition immediately preceding the Disposition;<SUP>16</SUP> and (ii)&nbsp;in the case of a
Regulated Fund, a majority of the Board has approved the Regulated Fund&rsquo;s participation in pro rata Dispositions as being in the
best interests of the Regulated Fund. The Regulated Fund&rsquo;s Board may refuse to approve, or at any time rescind, suspend or qualify,
their approval of Pro Rata Dispositions, in which case all subsequent Dispositions will be submitted to the Regulated Fund&rsquo;s Eligible
Directors.</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-indent: 0.25in">In the case of a Tradable Security, approval
of the required majority is not required for the Disposition if: (x)&nbsp;the Disposition is not to the issuer or any affiliated person
of the issuer;<SUP>17</SUP> and (y)&nbsp;the security is sold for cash in a transaction in which the only term negotiated by or on behalf
of the participating Regulated Funds and Affiliated Funds is price. Pro Rata Dispositions and Dispositions of a Tradable Security remain
subject to the Board&rsquo;s periodic review in accordance with Condition 10.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD><U>Enhanced Review Dispositions</U></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; text-indent: 0.5in">One or more Regulated Funds and one or more Affiliated
Funds that have not previously participated in a Co-Investment Transaction with respect to an issuer may have the opportunity to make
a Disposition of Pre-Boarding Investments in a Potential Co-Investment Transaction. In these cases, the Regulated Funds and Affiliated
Funds may rely on the Order to make such Disposition subject to the requirements of Condition 7. As discussed above, with respect to
investment in a given issuer, the participating Regulated Funds and Affiliated Funds need only complete the onboarding process for the
first Co-Investment Transaction, which may be an Enhanced Review Follow-On or an Enhanced Review Disposition.<SUP>18</SUP> Subsequent
Co-Investment Transactions with respect to the issuer will be governed by Condition 6 or 8 under the standard review process.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">5.</TD><TD><U>Use of Wholly-Owned Investment Subs</U></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; text-indent: 0.25in">A Regulated Fund may, from time to time, form
one or more Wholly-Owned Investment Subs. Such a subsidiary may be prohibited from investing in a Co-Investment Transaction with a Regulated
Fund (other than its parent) or any Affiliated Fund because it would be a company controlled by its parent Regulated Fund for purposes
of Section&nbsp;57(a)(4)&nbsp;and Rule&nbsp;17d-1. Applicants request that each Wholly-Owned Investment Sub be permitted to participate
in Co-Investment Transactions in lieu of the applicable parent Regulated Fund that owns it and that the Wholly-Owned Investment Sub's
participation in any such transaction be treated, for purposes of the Order, as though the parent Regulated Fund were participating directly.</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-indent: 0.25in">Applicants note that an entity could not be both
a Wholly-Owned Investment Sub and a BDC Downstream Fund because, in the former case, the Board of the parent Regulated Fund makes any
determinations regarding the subsidiary's investments while, in the latter case, the Independent Party makes such determinations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>16</SUP> See footnote
29 below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>17</SUP> In the case of a Tradable Security, Dispositions to
the issuer or an affiliated person of the issuer are not permitted where funds participating in the Disposition benefit to the detriment
of Regulated Funds that remain invested in the issuer. For example, if a Disposition of a Tradable Security were permitted to be made
to the issuer, the issuer may be reducing its short term assets (i.e., cash) to pay down long term liabilities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>18</SUP> However, with respect to an issuer, if a Regulated Fund&rsquo;s
first Co-Investment Transaction is an Enhanced Review Disposition, and the Regulated Fund does not dispose of its entire position in
the Enhanced Review Disposition, then before such Regulated Fund may complete its first Standard Review Follow-On in such issuer, the
Eligible Directors must review the proposed Follow-On Investment not only on a stand-alone basis but also in relation to the total economic
exposure in such issuer (i.e., in combination with the portion of the Pre-Boarding Investment not disposed of in the Enhanced Review
Disposition), and the other terms of the investments. This additional review is required because such findings were not required in connection
with the prior Enhanced Review Disposition, but they would have been required had the first Co-Investment Transaction been an Enhanced
Review Follow-On.</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-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in"></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>B.</B></TD><TD><B><U>Applicable Law</U></B></TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">1.</TD><TD><U>Section&nbsp;17(d)&nbsp;and Section&nbsp;57(a)(4)</U></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; text-indent: 0.25in">Section&nbsp;17(d)&nbsp;of the Act generally
prohibits an affiliated person (as defined in Section&nbsp;2(a)(3)&nbsp;of the Act), or an affiliated person of such affiliated person,
of a registered investment company acting as principal, from effecting any transaction in which the registered investment company is
a joint or a joint and several participant, in contravention of such rules&nbsp;as the Commission may prescribe for the purpose of limiting
or preventing participation by the registered investment company on a basis different from or less advantageous than that of such other
participant.</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-indent: 0.25in">Similarly, with regard to BDCs, Section&nbsp;57(a)(4)&nbsp;prohibits
certain persons specified in Section&nbsp;57(b)&nbsp;from participating in a joint transaction with the BDC, or a company controlled
by the BDC, in contravention of rules&nbsp;as prescribed by the Commission. In particular, Section&nbsp;57(a)(4)&nbsp;applies to:</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Any director, officer,
                                            employee, or member of an advisory board of a BDC or any person (other than the BDC itself)
                                            who is an affiliated person of the forgoing pursuant to Section&nbsp;2(a)(3)(C); or</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol">&middot;</FONT></TD><TD>Any investment adviser
                                            or promoter of, general partner in, principal underwriter for, or person directly or indirectly
                                            either controlling, controlled by, or under common control with, a BDC (except the BDC itself
                                            and any person who, if it were not directly or indirectly controlled by the BDC, would not
                                            be directly or indirectly under the control of a person who controls the BDC);<SUP>19</SUP>
                                            or any person who is an affiliated person of any of the forgoing within the meaning of Section&nbsp;2(a)(3)(C)&nbsp;or
                                            (D).</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; text-indent: 0.25in">Pursuant to the foregoing application of Section&nbsp;57(a)(4),
BDC Downstream Funds on the one hand and other Regulated Funds and Affiliated Funds on the other, may not co-invest absent an exemptive
order because the BDC Downstream Funds are controlled by a BDC and the Affiliated Funds and other Regulated Funds are included in Section&nbsp;57(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-indent: 0.25in">Section&nbsp;2(a)(3)(C)&nbsp;defines an &ldquo;affiliated
person&rdquo; of another person to include any person directly or indirectly controlling, controlled by, or under common control with,
such other person. Section&nbsp;2(a)(3)(D)&nbsp;defines &ldquo;any officer, director, partner, copartner, or employee&rdquo; of an affiliated
person as an affiliated person. Section&nbsp;2(a)(9)&nbsp;defines &ldquo;control&rdquo; as the power to exercise a controlling influence
over the management or policies of a company, unless such power is solely the result of an official position with that company. Under
Section&nbsp;2(a)(9)&nbsp;a person who beneficially owns, either directly or through one or more controlled companies, more than 25%
of the voting securities of a company is presumed to control such company. The Commission and its staff have indicated on a number of
occasions their belief that an investment adviser that provides discretionary investment management services to a fund and that sponsored,
selected the initial directors, and provides administrative or other non-advisory services to the fund, controls such fund, absent compelling
evidence to the contrary.<SUP>20</SUP></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">2.</TD><TD><U>Rule&nbsp;17d-1</U></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; text-indent: 0.25in">Rule&nbsp;17d-1 generally prohibits an affiliated
person (as defined in Section&nbsp;2(a)(3)), or an affiliated person of such affiliated person, of a registered investment company acting
as principal, from effecting any transaction in which the registered investment company, or a company controlled by such registered company,
is a joint or a joint and several participant, in contravention of such rules&nbsp;as the Commission may prescribe for the purpose of
limiting or preventing participation by the registered investment company on a basis different from or less advantageous than that of
such first or second tier affiliate. Rule&nbsp;17d-1 generally prohibits participation by a registered investment company and an affiliated
person (as defined in Section&nbsp;2(a)(3)) or principal underwriter for that investment company, or an affiliated person of such affiliated
person or principal underwriter, in any &ldquo;joint enterprise or other joint arrangement or profit-sharing plan,&rdquo; as defined
in the rule, without prior approval by the Commission by order upon application.</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-indent: 0.25in">Rule&nbsp;17d-1 was promulgated by the Commission
pursuant to Section&nbsp;17(d)&nbsp;and made applicable to persons subject to Sections 57(a)&nbsp;and (d)&nbsp;by Section&nbsp;57(i),
to the extent specified therein. Section&nbsp;57(i)&nbsp;provides that, until the Commission prescribes rules&nbsp;under Sections 57(a)&nbsp;and
(d), the Commission's rules&nbsp;under Section&nbsp;17(d)&nbsp;applicable to registered closed-end investment companies will be deemed
to apply to persons subject to the prohibitions of Section&nbsp;57(a)&nbsp;or (d). Because the Commission has not adopted any rules&nbsp;under
Section&nbsp;57(a)&nbsp;or (d), Rule&nbsp;17d-1 applies to persons subject to the prohibitions of Section&nbsp;57(a)&nbsp;or (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; text-indent: 0.25in">Applicants seek relief pursuant to Rule&nbsp;17d-1,
which permits the Commission to authorize joint transactions upon application. In passing upon applications filed pursuant to Rule&nbsp;17d-1,
the Commission is directed by Rule&nbsp;17d-1(b)&nbsp;to consider whether the participation of a registered investment company or controlled
company thereof in the joint enterprise or joint arrangement under scrutiny is consistent with provisions, policies and purposes of the
Act and the extent to which such participation is on a basis different from or less advantageous than that of other participants.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>19</SUP> Also excluded from this category by Rule 57b-1 is any
person who would otherwise be included (a) solely because that person is directly or indirectly controlled by a business development
company, or (b) solely because that person is, within the meaning of Section 2(a)(3)(C) or (D), an affiliated person of a person described
in (a) above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>20</SUP> <U>See</U>, <U>e.g.</U>, SEC Rel. No. IC-4697 (Sept.
8, 1966) (&ldquo;For purposes of Section 2(a)(3)(C), affiliation based upon control would depend on the facts of the given situation,
including such factors as extensive interlocks of officers, directors or key personnel, common investment advisers or underwriters, etc.&rdquo;);
Lazard Freres Asset Management, SEC No-Action Letter (pub. avail Jan. 10, 1997) (&ldquo;While, in some circumstances, the nature of an
advisory relationship may give an adviser control over its client&rsquo;s management or policies, whether an investment company and another
entity are under common control is a factual question...&rdquo;).</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The Commission has stated that Section&nbsp;17(d),
upon which Rule&nbsp;17d-1 is based, and upon which Section&nbsp;57(a)(4)&nbsp;was modeled, was designed to protect investment companies
from self-dealing and overreaching by insiders. The Commission has also taken notice that there may be transactions subject to these
prohibitions that do not present the dangers of overreaching.<SUP>21</SUP> The Court of Appeals for the Second Circuit has enunciated
a like rationale for the purpose behind Section&nbsp;17(d): &ldquo;The objective of [Section] 17(d)&nbsp;. . . is to prevent . . . injuring
the interest of stockholders of registered investment companies by causing the company to participate on a basis different from or less
advantageous than that of such other participants.&rdquo;<SUP>22</SUP> Furthermore, Congress acknowledged that the protective system
established by the enactment of Section&nbsp;57 is &ldquo;similar to that applicable to registered investment companies under Section&nbsp;17,
and rules&nbsp;thereunder, but is modified to address concerns relating to unique characteristics presented by business development companies.&rdquo;<SUP>23</SUP></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-indent: 0.25in">Applicants believe that the Conditions would
ensure that the conflicts of interest that Section&nbsp;17(d)&nbsp;and Section&nbsp;57(a)(4)&nbsp;were designed to prevent would be addressed
and the standards for an order under Rule&nbsp;17d-1 and Section&nbsp;57(i)&nbsp;would be met.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>C.</B></TD><TD><B><U>Need for Relief</U></B></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; text-indent: 0.25in">Co-Investment Transactions are prohibited by
Rule&nbsp;17d-1 and either or both of Sections 17(d)&nbsp;and 57(a)(4)&nbsp;without a prior exemptive order of the Commission, to the
extent that the Affiliated Funds and the Regulated Funds participating in such transactions fall within the category of persons described
by Rule&nbsp;17d-1, Section&nbsp;17(d)&nbsp;and/or Section&nbsp;57(b), as modified by Rule&nbsp;57b-1 thereunder, as applicable, vis-&agrave;-vis
each participating Regulated Fund.</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-indent: 0.25in">Each of the participating Regulated Funds and
Affiliated Funds may be deemed to be affiliated persons vis-&agrave;-vis a Regulated Fund within the meaning of Section&nbsp;2(a)(3)&nbsp;by
reason of common control because (i)&nbsp;controlled affiliates of Ares Management manage each of the Affiliated Funds, (ii)&nbsp;Ares
Management controls the Existing Advisers to Regulated Funds, which serve as investment adviser (or sub-adviser) to the Existing Regulated
Funds, and (iii)&nbsp;to the extent that ARCC continues to control Ivy Hill, the Downstream Ivy Hill Funds, are, and, in the future will
be, deemed to be controlled by ACM, ARCC or certain of ARCC&rsquo;s subsidiaries. Thus, each Regulated Fund and each Affiliated Fund
may be deemed to be a person related to a Regulated Fund or BDC Downstream Fund in a manner described by Section&nbsp;57(b)&nbsp;(or
Section&nbsp;17(d)&nbsp;in the case of Regulated Funds that are registered under the Act) and therefore would be prohibited by Section&nbsp;57(a)(4)&nbsp;(or
Section&nbsp;17(d)&nbsp;in the case of Regulated Funds that are registered under the Act) and Rule&nbsp;17d-1 from participating in Co-Investment
Transactions without the Order.</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-indent: 0.5in">Further, because the BDC Downstream Funds and
Wholly-Owned Investment Subs are controlled by the Regulated Funds, the BDC Downstream Funds and Wholly-Owned Investment Subs are subject
to Section&nbsp;57(a)(4)&nbsp;(or Section&nbsp;17(d)&nbsp;in the case of Wholly-Owned Investment Subs controlled by Regulated Funds that
are registered under the Act), and thus also subject to the provisions of Rule&nbsp;17d-1, and therefore would be prohibited from participating
in Co-Investment Transactions without the Order.</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-indent: 0.5in">In addition, because the Proprietary Accounts
are controlled by an Adviser and, therefore, may be under common control with the Existing Regulated Funds, the Existing Advisers and
any Future Regulated Funds, the Proprietary Accounts could be deemed to be persons related to the Regulated Funds (or a company controlled
by the Regulated Funds) in a manner described by Section&nbsp;17(d)&nbsp;or Section&nbsp;57(b)&nbsp;and also prohibited from participating
in the Co-Investment Program.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>D.</B></TD><TD><B><U>Precedents</U></B></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; text-indent: 0.25in">The Commission has issued numerous exemptive
orders under the Act permitting registered investment companies and BDCs to co-invest with affiliated persons, including precedents involving
proprietary accounts.<SUP>24</SUP> The requested relief that would permit Affiliated Funds to participate in Follow-On Investments in
issuers in which at least one Regulated Fund is invested, but such Affiliated Funds are not invested (but not Follow-On Investments by
Regulated Funds that are not invested in the issuer), is based on the temporary relief granted by the Commission on April&nbsp;8, 2020
and the relief granted in the Prior Order.<SUP>25</SUP> Applicants submit that the allocation procedures set forth in the Conditions
for relief are consistent with and expand the range of investor protections found in the orders we cite.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>IV. <U>STATEMENT IN SUPPORT
OF RELIEF REQUESTED</U></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-indent: 0.25in">In accordance with Rule&nbsp;17d-1 (made applicable
to transactions subject to Section&nbsp;57(a)&nbsp;by Section&nbsp;57(i)), the Commission may grant the requested relief as to any particular
joint transaction if it finds that the participation of the Regulated Funds in the joint transaction is consistent with the provisions,
policies and purposes of the Act and is not on a basis different from or less advantageous than that of other participants. Applicants
submit that allowing the Co-Investment Transactions described in this Application is justified on the basis of (i)&nbsp;the potential
benefits to the Regulated Funds and the</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>21</SUP> <U>See Protecting
Investors: A Half-Century of Investment Company Regulation</U>, 1504 Fed. Sec. L. Rep., Extra Edition (May 29, 1992) at 488 <I>et seq.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>22</SUP> <U>Securities and Exchange Commission v. Talley Industries,
Inc</U>., 399 F.2d 396, 405 (2d Cir. 1968), <U>cert. denied</U>, 393 U.S. 1015 (1969).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>23</SUP> H.Rep. No. 96-1341, 96th Cong., 2d Sess. 45 (1980) <I>reprinted
in </I>1980 U.S.C.C.A.N. 4827.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>24</SUP> <I>See, e.g</I>., <U>JPM Private Markets Fund, et al.</U>
(File No. 812-15396), Release No. IC 34939 (May 10, 2023) (notice), Release No. IC-34939 (June 6, 2023)(order), <U>BC Partners Lending
Corporation, et al.</U> (File No. 812-15292), Release No. IC-34849 (March 7, 2023) (notice), Release No. IC-34880 (April 10, 2023) (order),
<U>Constitution Capital Access Fund, LLC, et al.</U>&nbsp;(File No. 812-15367), Release No. IC-34828 (February 7, 2023) (notice), Release
No. IC-34851 (March 7, 2023) (order),&nbsp;<U>Kennedy Lewis Management LP, et al</U>. (File No. 812-15309), Release No. IC-34824 (February
6, 2023) (notice), Release No. IC-34847 (March 6, 2023) (order),&nbsp;<U>Fidelity Private Credit Fund., et al.</U>&nbsp;(File No. 812-15307),
Release No. IC-34803 (January 11, 2023) (notice), Release No. IC-34831 (February 13, 2023) (order);&nbsp;<U>PCM Fund, Inc., et al.</U>&nbsp;(File
No. 812-15248), Release No. IC-34779 (December 19, 2022) (notice), Release No. IC-34808 (January 17, 2023) (order),&nbsp;<U>ACAP Strategic
Fund, et al.</U>&nbsp;Release No. IC-34777 (December 16, 2022) (notice), (File No. 812-15285), Release No. IC-34806 (January 13, 2023)
(order), <U>Silver Spike Investment Corp., et al.</U> (File No. 812-15339), Release No. IC-34771 (December 12, 2022) (notice), Release
No. IC-34789 (January 9, 2023) (order), <U>Varagon Capital Corporation, et al.</U> (File No. 812-15361), Release No. IC-34766 (November
29, 2022) (notice), Release No. IC-34788 (December 22, 2022) (order), <U>Goldman Sachs BDC, Inc. et al.</U> (File No. 812-15237), Release
No. IC-34533 (March 15, 2022) (notice), Release No. IC-34753 (November 16, 2022) (order), <U>PennantPark Investment Advisers, LLC, et
al.</U> (File No. 812-15305), Release No. IC-34723 (October 3, 2022) (notice), Release No. IC-34742 (October 28, 2022) (order), <U>John
Hancock Asset-Based Lending Fund, et al.</U> (File No. 812-15286) (notice), Release No. IC-34690 (August 29, 2022), Release No. IC-34718
(September 26, 2022) (order).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>25</SUP> BDC Temporary Exemptive Order, Investment Company Act
Rel. Nos. 33837 (April 8, 2020) (order) (extension granted on January 5, 2021 and further extension granted on April 22, 2021) and see
footnote 3 above.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">shareholders thereof and (ii)&nbsp;the protections
found in the Conditions.</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-indent: 0.25in">As required by Rule&nbsp;17d-1(b), the Conditions
ensure that the terms on which Co-Investment Transactions may be made will be consistent with the participation of the Regulated Funds
being on a basis that it is neither different from nor less advantageous than other participants, thus protecting the equity holders
of any participant from being disadvantaged. The Conditions ensure that all Co-Investment Transactions are reasonable and fair to the
Regulated Funds and their shareholders and do not involve overreaching by any person concerned, including the Advisers.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>A.</B></TD><TD><B><U>Potential Benefits</U></B></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; text-indent: 0.25in">Prior to obtaining the Prior Order, in many circumstances
the Regulated Funds would be limited in their ability to participate in attractive and appropriate investment opportunities. Section&nbsp;17(d),
Section&nbsp;57(a)(4)&nbsp;and Rule&nbsp;17d-1 should not prevent BDCs and registered closed-end investment companies from making investments
that are in the best interests of their shareholders.</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-indent: 0.25in">Each Regulated Fund and its shareholders benefit
from the ability to participate in Co-Investment Transactions. The Board, including the Required Majority, of each Regulated Fund has
determined that it is in the best interests of the Regulated Fund to participate in Co-Investment Transactions because, among other matters,
(i)&nbsp;the Regulated Fund should be able to participate in a larger number and greater variety of transactions; (ii)&nbsp;the Regulated
Fund should be able to participate in larger transactions; (iii)&nbsp;the Regulated Fund should be able to participate in all opportunities
approved by a Required Majority or otherwise permissible under the Order rather than risk underperformance through rotational allocation
of opportunities among the Regulated Funds; (iv)&nbsp;the Regulated Fund and any other Regulated Funds participating in the proposed
investment should have greater bargaining power, more control over the investment and less need to bring in other external investors
or structure investments to satisfy the different needs of external investors; (v)&nbsp;the Regulated Fund should be able to obtain greater
attention and better deal flow from investment bankers and others who act as sources of investments; and (vi)&nbsp;the Conditions are
fair to the Regulated Funds and their shareholders.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>B.</B></TD><TD><B><U>Protective Representations and Conditions</U></B></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; text-indent: 0.25in">The Conditions ensure that the proposed Co-Investment
Transactions are consistent with the protection of each Regulated Fund&rsquo;s shareholders and with the purposes intended by the policies
and provisions of the Act. Specifically, the Conditions incorporate the following critical protections: (i)&nbsp;all Regulated Funds
participating in the Co-Investment Transactions will invest at the same time (except that, subject to the limitations in the Conditions,
the settlement date for an Affiliated Fund in a Co-Investment Transaction may occur up to ten business days after the settlement date
for the Regulated Fund, and vice versa), for the same price and with the same terms, conditions, class, registration rights and any other
rights, so that none of them receives terms more favorable than any other; (ii)&nbsp;a Required Majority of each Regulated Fund must
approve various investment decisions (not including transactions completed on a pro rata basis pursuant to Conditions 6(c)(i)&nbsp;and
8(b)(i)&nbsp;or otherwise not requiring Board approval) with respect to such Regulated Fund in accordance with the Conditions; and (iii)&nbsp;the
Regulated Funds are required to retain and maintain certain records.</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-indent: 0.25in">Applicants believe that participation by the
Regulated Funds in Pro Rata Follow-On Investments and Pro Rata Dispositions, as provided in Conditions 6(c)(i)&nbsp;and 8(b)(i), is consistent
with the provisions, policies and purposes of the Act and will not be made on a basis different from or less advantageous than that of
other participants. A formulaic approach, such as pro rata investment or disposition eliminates the possibility for overreaching and
unnecessary prior review by the Board. Applicants note that the Commission has adopted a similar pro rata approach in the context of
Rule&nbsp;23c-2, which relates to the redemption by a closed-end investment company of less than all of a class of its securities, indicating
the general fairness and lack of overreaching that such approach provides.</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-indent: 0.25in">Applicants also believe that the participation
by the Regulated Funds in Non-Negotiated Follow-On Investments and in Dispositions of Tradable Securities without the approval of a Required
Majority is consistent with the provisions, policies and purposes of the Act as there is no opportunity for overreaching by affiliates.</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-indent: 0.25in">If an Adviser, its principals, or any person
controlling, controlled by, or under common control with the Adviser or its principals, and the Affiliated Funds (collectively, the <B><I>&ldquo;Holders&rdquo;</I></B>)
own in the aggregate more than 25 percent of the outstanding voting shares of a Regulated Fund (the <B><I>&ldquo;Shares&rdquo;</I></B>),
then the Holders will vote such Shares as required under Condition 15.</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-indent: 0.25in">In sum, the Applicants believe that the Conditions
would ensure that each Regulated Fund that participates in any type of Co-Investment Transaction does not participate on a basis different
from, or less advantageous than, that of such other participants for purposes of Section&nbsp;17(d)&nbsp;or Section&nbsp;57(a)(4)&nbsp;and
the Rules&nbsp;under the Act. As a result, Applicants believe that the participation of the Regulated Funds in Co-Investment Transactions
in accordance with the Conditions would be consistent with the provisions, policies, and purposes of the Act, and would be done in a
manner that was not different from, or less advantageous than, the other participants.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>V. <U>CONDITIONS</U></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 0pt 0.25in">Applicants agree that any Order granting the requested
relief shall be subject to the following Conditions:</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">1.</TD><TD><U>Identification and Referral of Potential Co-Investment Transactions</U></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; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;Each Adviser (other
than Ivy Hill) will establish, maintain and implement policies and procedures reasonably designed to ensure that each Adviser is promptly
notified of all Potential Co-Investment Transactions that fall within the then-current Objectives and Strategies and Board-Established
Criteria of any Regulated Fund the Adviser manages.</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>

<!-- Field: Page; Sequence: 17 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;When an Adviser to
a Regulated Fund is notified of a Potential Co-Investment Transaction under Condition 1(a), the Adviser will make an independent determination
of the appropriateness of the investment for the Regulated Fund in light of the Regulated Fund&rsquo;s then-current circumstances.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">2.</TD><TD><U>Board Approvals of Co-Investment Transactions</U></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; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;If the Adviser deems
a Regulated Fund&rsquo;s participation in any Potential Co-Investment Transaction to be appropriate for the Regulated Fund, it will then
determine an appropriate level of investment for the Regulated Fund.</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-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;If the aggregate amount
recommended by the Advisers to be invested in the Potential Co-Investment Transaction by the participating Regulated Funds and any participating
Affiliated Funds, collectively, exceeds the amount of the investment opportunity, the investment opportunity will be allocated among
them pro rata based on the size of the Internal Orders, as described in section III.A.1.b. above. Each Adviser to a participating Regulated
Fund will promptly notify and provide the Eligible Directors with information concerning the Affiliated Funds&rsquo; and Regulated Funds&rsquo;
order sizes to assist the Eligible Directors with their review of the applicable Regulated Fund&rsquo;s investments for compliance with
these Conditions.</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-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;After making the determinations
required in Condition 1(b)&nbsp;above, each Adviser to a participating Regulated Fund will distribute written information concerning
the Potential Co-Investment Transaction (including the amount proposed to be invested by each participating Regulated Fund and each participating
Affiliated Fund) to the Eligible Directors of its participating Regulated Fund(s)&nbsp;for their consideration. A Regulated Fund will
enter into a Co-Investment Transaction with one or more other Regulated Funds or Affiliated Funds only if, prior to the Regulated Fund&rsquo;s
participation in the Potential Co-Investment Transaction, a Required Majority concludes that:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
terms of the transaction, including the consideration to be paid, are reasonable and fair to the Regulated Fund and its equity holders
and do not involve overreaching in respect of the Regulated Fund or its equity holders on the part of any person concerned;</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-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt">(ii) &nbsp;&nbsp;&nbsp;&nbsp;the
transaction is consistent with:</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(A)</TD><TD>the interests of the Regulated Fund&rsquo;s equity holders; and</TD></TR></TABLE>

<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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(B)</TD><TD>the Regulated Fund&rsquo;s then-current Objectives and Strategies;</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 0pt 0.25in; text-indent: 0.25in">(iii)&nbsp;&nbsp;&nbsp;the investment
by any other Regulated Fund(s)&nbsp;or Affiliated Fund(s)&nbsp;would not disadvantage the Regulated Fund, and participation by the Regulated
Fund would not be on a basis different from, or less advantageous than, that of any other Regulated Fund(s)&nbsp;or Affiliated Fund(s)&nbsp;participating
in the transaction; <I>provided </I>that the Required Majority shall not be prohibited from reaching the conclusions required by this
Condition 2(c)(iii)&nbsp;if:</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 0pt 0.5in; text-indent: 0.25in">(A)&nbsp;&nbsp;&nbsp;the settlement
date for another Regulated Fund or an Affiliated Fund in a Co-Investment Transaction is later than the settlement date for the Regulated
Fund by no more than ten business days or earlier than the settlement date for the Regulated Fund by no more than ten business days,
in either case, so long as: (x)&nbsp;the date on which the commitment of the Affiliated Funds and Regulated Funds is made is the same;
and (y)&nbsp;the earliest settlement date and the latest settlement date of any Affiliated Fund or Regulated Fund participating in the
transaction will occur within ten business days of each other; or</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 0pt 0.5in; text-indent: 0.25in">(B)&nbsp;&nbsp;&nbsp;&nbsp;any other
Regulated Fund or Affiliated Fund, but not the Regulated Fund itself, gains the right to nominate a director for election to a portfolio
company's board of directors, the right to have a board observer or any similar right to participate in the governance or management
of the portfolio company so long as: (x)&nbsp;the Eligible Directors will have the right to ratify the selection of such director or
board observer, if any; (y)&nbsp;the Adviser agrees to, and does, provide periodic reports to the Regulated Fund's Board with respect
to the actions of such director or the information received by such board observer or obtained through the exercise of any similar right
to participate in the governance or management of the portfolio company; and (z)&nbsp;any fees or other compensation that any other Regulated
Fund or Affiliated Fund or any affiliated person of any other Regulated Fund or Affiliated Fund receives in connection with the right
of one or more Regulated Funds or Affiliated Funds to nominate a director or appoint a board observer or otherwise to participate in
the governance or management of the portfolio company will be shared proportionately among any participating Affiliated Funds (who may,
in turn, share their portion with their affiliated persons) and any participating Regulated Fund(s)&nbsp;in accordance with the amount
of each such party's investment; and</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 0pt 0.25in; text-indent: 0.25in">(iv)&nbsp;&nbsp;&nbsp;the proposed
investment by the Regulated Fund will not involve compensation, remuneration or a direct or indirect<SUP>26</SUP> financial benefit to
the Advisers, any other Regulated Fund, the Affiliated Funds or any affiliated person of any of them (other than the parties to the Co-Investment
Transaction), except (A)&nbsp;to the extent permitted by Condition 14, (B)&nbsp;to the extent permitted by Section&nbsp;17(e)&nbsp;or
57(k), as applicable, (C)&nbsp;indirectly, as a result of an interest in the securities issued by one of the parties to the Co-Investment
Transaction, or (D)&nbsp;in the case of fees or other compensation described in Condition 2(c)(iii)(B)(z).</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">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Right to Decline</U>.&nbsp;Each
Regulated Fund has the right to decline to participate in any Potential Co-Investment Transaction or to invest less than the amount proposed.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>26</SUP> For example, procuring the Regulated Fund&rsquo;s investment
in a Potential Co-Investment Transaction to permit an affiliate to complete or obtain better terms in a separate transaction would constitute
an indirect financial benefit.</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>

<!-- Field: Page; Sequence: 18 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General Limitation</U>.</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;&nbsp;&nbsp;&nbsp;Except for Follow-On Investments made in
accordance with Conditions 8 and 9 below,<SUP>27</SUP> a Regulated Fund will not invest in reliance on the Order in any issuer in which
a Related Party has an investment,</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-top: 0pt; margin-bottom: 0pt">5.&nbsp;&nbsp;&nbsp;&nbsp; <U>Same Terms and
Conditions</U>.&#9;A Regulated Fund will not participate in any Potential Co-Investment Transaction unless (i)&nbsp;the terms, conditions,
price, class of securities to be purchased, date on which the commitment is entered into and registration rights (if any) will be the
same for each participating Regulated Fund and Affiliated Fund and (ii)&nbsp;the earliest settlement date and the latest settlement date
of any participating Regulated Fund or Affiliated Fund will occur as close in time as practicable and in no event more than ten business
days apart. The grant to one or more Regulated Funds or Affiliated Funds, but not the respective Regulated Fund, of the right to nominate
a director for election to a portfolio company's board of directors, the right to have an observer on the board of directors or similar
rights to participate in the governance or management of the portfolio company will not be interpreted so as to violate this Condition
5, if Condition 2(c)(iii)(B)&nbsp;is met.</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-top: 0pt; margin-bottom: 0pt">6.&nbsp;&nbsp;&nbsp;&nbsp; <U>Standard Review
Dispositions</U>.</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-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;<I>General.&nbsp;&nbsp;</I>If
any Regulated Fund or Affiliated Fund elects to sell, exchange or otherwise dispose of an interest in a security and one or more Regulated
Funds and Affiliated Funds have previously participated in a Co-Investment Transaction with respect to the issuer, then:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Adviser to such Regulated Fund or Affiliated Fund<SUP>28</SUP> will notify each Regulated Fund that holds an investment in the issuer
of the proposed Disposition at the earliest practical time; and</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the Adviser
to each Regulated Fund that holds an investment in the issuer will formulate a recommendation as to participation by such Regulated Fund
in the Disposition.</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-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>Same Terms and
Conditions.&nbsp;&nbsp;</I>Each Regulated Fund will have the right to participate in such Disposition on a proportionate basis, at the
same price and on the same terms and Conditions as those applicable to the Affiliated Funds and any other Regulated Fund.</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-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;<I>No Board Approval
Required.&nbsp;&nbsp;</I>A Regulated Fund may participate in such a Disposition without obtaining prior approval of the Required Majority
if:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;the
participation of each Regulated Fund and Affiliated Fund in such Disposition is proportionate to its then-current holding of the security
(or securities) of the issuer that is (or are) the subject of the Disposition;<SUP>29</SUP> (B)&nbsp;the Board of the Regulated Fund
has approved as being in the best interests of the Regulated Fund the ability to participate in such Dispositions on a pro rata basis
(as described in greater detail in the Application); and (C)&nbsp;the Board of the Regulated Fund is provided on a quarterly basis with
a list of all Dispositions made in accordance with this Condition; or</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;each security
is a Tradable Security and (A)&nbsp;the Disposition is not to the issuer or any affiliated person of the issuer; and (B)&nbsp;the security
is sold for cash in a transaction in which the only term negotiated by or on behalf of the participating Regulated Funds and Affiliated
Funds is price.</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-indent: 0.25in">(d)&nbsp;&nbsp;&nbsp;&nbsp;<I>Standard Board
Approval.&nbsp;&nbsp;</I>In all other cases, the Adviser will provide its written recommendation as to the Regulated Fund's participation
to the Eligible Directors and the Regulated Fund will participate in such Disposition, solely to the extent that a Required Majority
determines that it is in the Regulated Fund's best interests.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">7.</TD><TD><U>Enhanced Review Dispositions</U>.</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; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;<I>General.&nbsp;&nbsp;</I>If
any Regulated Fund or Affiliated Fund elects to sell, exchange or otherwise dispose of a Pre-Boarding Investment in a Potential Co-Investment
Transaction and the Regulated Funds and Affiliated Funds have not previously participated in a Co-Investment Transaction with respect
to the issuer:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Adviser to such Regulated Fund or Affiliated Fund will notify each Regulated Fund that holds an investment in the issuer of the proposed
Disposition at the earliest practical time;</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Adviser to each Regulated Fund that holds an investment in the issuer, will formulate a recommendation as to participation by such Regulated
Fund in the Disposition; and</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 0pt 0.25in; text-indent: 0.25in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;the Advisers
will provide to the Board of each Regulated Fund that holds an investment in the issuer all information relating to the existing investments
in the issuer of the Regulated Funds and Affiliated Funds, including the terms of such investments and how they were made, that is necessary
for the Required Majority to make the findings required by this Condition.</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>

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>27</SUP> This exception applies only to Follow-On Investments
by a Regulated Fund in issuers in which that Regulated Fund already holds investments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>28</SUP> Any Proprietary Account that is not advised by an Adviser
is itself deemed to be an Adviser for purposes of Conditions 6(a)(i), 7(a)(i), 8(a)(i) and 9(a)(i).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>29</SUP> In the case of any Disposition, proportionality will
be measured by each participating Regulated Fund&rsquo;s and Affiliated Fund&rsquo;s outstanding investment in the security in question
immediately preceding the Disposition.</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>

<!-- Field: Page; Sequence: 19 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>Enhanced Board
Approval. </I>The Adviser will provide its written recommendation as to the Regulated Fund's participation to the Eligible Directors,
and the Regulated Fund will participate in such Disposition, solely to the extent that a Required Majority determines that:</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-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt">(i) &nbsp;&nbsp;&nbsp;&nbsp;the
Disposition complies with Condition 2(c)(i), (ii), (iii)(A), and (iv); and</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the making
and holding of the Pre-Boarding Investments were not prohibited by Section&nbsp;57 or Rule&nbsp;17d-1, as applicable, and records the
basis for the finding in the Board minutes.</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-left: 0.25in; margin-top: 0pt; margin-bottom: 0pt">(c) &nbsp;&nbsp;&nbsp;<I>Additional
Requirements:</I> &nbsp;The Disposition may only be completed in reliance on the Order if:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Same
Terms and Conditions. </I>Each Regulated Fund has the right to participate in such Disposition on a proportionate basis, at the same
price and on the same terms and Conditions as those applicable to the Affiliated Funds and any other Regulated Fund;</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;<I>Original
Investments. </I>All of the Affiliated Funds' and Regulated Funds' investments in the issuer are Pre-Boarding Investments;</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 0pt 0.25in; text-indent: 0.25in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;<I>Advice
of counsel. </I>Independent counsel to the Board advises that the making and holding of the investments in the Pre-Boarding Investments
were not prohibited by Section&nbsp;57 (as modified by Rule&nbsp;57b-1) or Rule&nbsp;17d-1, as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">(iv)&nbsp;&nbsp;&nbsp;<I>Multiple
Classes of Securities. </I>All Regulated Funds and Affiliated Funds that hold Pre-Boarding Investments in the issuer immediately before
the time of completion of the Co-Investment Transaction hold the same security or securities of the issuer. For the purpose of determining
whether the Regulated Funds and Affiliated Funds hold the same security or securities, they may disregard any security held by some but
not all of them if, prior to relying on the Order, the Required Majority is presented with all information necessary to make a finding,
and finds, that: (x)&nbsp;any Regulated Fund's or Affiliated Fund's holding of a different class of securities (including for this purpose
a security with a different maturity date) is immaterial<SUP>30</SUP> in amount, including immaterial relative to the size of the issuer;
and (y)&nbsp;the Board records the basis for any such finding in its minutes. In addition, securities that differ only in respect of
issuance date, currency, or denominations may be treated as the same security; and</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 0pt 0.25in; text-indent: 0.25in">(v)&nbsp;&nbsp;&nbsp;&nbsp;<I>No control.
 &nbsp;</I>The Affiliated Funds, the other Regulated Funds and their affiliated persons (within the meaning of Section&nbsp;2(a)(3)(C)&nbsp;of
the Act), individually or in the aggregate, do not control the issuer of the securities (within the meaning of Section&nbsp;2(a)(9)&nbsp;of
the Act).</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">8.</TD><TD><U>Standard Review Follow-Ons</U>.</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; text-align: left; margin: 0pt 0; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;<I>General.
 &nbsp;</I>If any Regulated Fund or Affiliated Fund desires to make a Follow-On Investment in an issuer and the Regulated Funds and Affiliated
Funds holding investments in the issuer previously participated in a Co-Investment Transaction with respect to the issuer:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Adviser to each such Regulated Fund or Affiliated Fund will notify each Regulated Fund that holds securities of the portfolio company
of the proposed transaction at the earliest practical time; and</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the Adviser
to each Regulated Fund that holds an investment in the issuer will formulate a recommendation as to the proposed participation, including
the amount of the proposed investment, by such Regulated Fund.</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-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>No Board Approval
Required. </I>A Regulated Fund may participate in the Follow-On Investment without obtaining prior approval of the Required Majority
if:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;the
proposed participation of each Regulated Fund and each Affiliated Fund in such investment is proportionate to its outstanding investments
in the issuer or the security at issue, as appropriate,<SUP>31</SUP> immediately preceding the Follow-On Investment; and (B)&nbsp;the
Board of the Regulated Fund has approved as being in the best interests of the Regulated Fund the ability to participate in Follow-On
Investments on a pro rata basis (as described in greater detail in this Application); or</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-left: 0.5in; margin-top: 0pt; margin-bottom: 0pt">(ii) &nbsp;&nbsp;&nbsp;it
is a Non-Negotiated Follow-On Investment.</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-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;<I>Standard Board
Approval. </I>In all other cases, the Adviser will provide its written recommendation as to the Regulated Fund's participation to the
Eligible Directors and the Regulated Fund will participate in such Follow-On Investment, solely to the extent that a
Required Majority makes the determinations set forth in Condition 2(c). </P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><SUP>30</SUP> In determining
whether a holding is &ldquo;immaterial&rdquo; for purposes of the Order, the Required Majority will consider whether the nature and extent
of the interest in the transaction or arrangement is sufficiently small that a reasonable person would not believe that the interest
affected the determination of whether to enter into the transaction or arrangement or the terms of the transaction or arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>31</SUP> To the extent that a Follow-On Investment opportunity
is in a security or arises in respect of a security held by the participating Regulated Funds and Affiliated Funds, proportionality will
be measured by each participating Regulated Fund's and Affiliated Fund's outstanding investment in the security in question immediately
preceding the Follow-On Investment using the most recent available valuation thereof. To the extent that a Follow-On Investment opportunity
relates to an opportunity to invest in a security that is not in respect of any security held by any of the participating Regulated Funds
or Affiliated Funds, proportionality will be measured by each participating Regulated Fund's and Affiliated Fund's outstanding investment
in the issuer immediately preceding the Follow-On Investment using the most recent available valuation thereof.</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-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-indent: 0in">If the only previous Co-Investment Transaction with respect to
the issuer was an Enhanced Review Disposition, the Eligible Directors must complete this review of the proposed Follow-On Investment
both on a stand-alone basis and together with the Pre-Boarding Investments in relation to the total economic exposure and other terms
of the investment.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD><I>Allocation. </I>If, with respect to any such Follow-On Investment:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
amount of the opportunity proposed to be made available to any Regulated Fund is not based on the Regulated Funds' and the Affiliated
Funds' outstanding investments in the issuer or the security at issue, as appropriate, immediately preceding the Follow-On Investment;
and</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the aggregate
amount recommended by the Advisers to be invested in the Follow-On Investment by the participating Regulated Funds and any participating
Affiliated Funds, collectively, exceeds the amount of the investment opportunity, then the Follow-On Investment opportunity will be allocated
among them pro rata based on the size of the Internal Orders, as described in section III.A.1.b. above.</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-indent: 0.25in">(e)&nbsp;&nbsp;&nbsp;&nbsp;<I>Other Conditions.
</I>The acquisition of Follow-On Investments as permitted by this Condition will be considered a Co-Investment Transaction for all purposes
and subject to the other Conditions set forth in this Application.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">9.</TD><TD><U>Enhanced Review Follow-Ons</U>.</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; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;<I>General.&nbsp;
</I>If any Regulated Fund or Affiliated Fund desires to make a Follow-On Investment in an issuer that is a Potential Co-Investment Transaction
and the Regulated Funds and Affiliated Funds holding investments in the issuer have not previously participated in a Co-Investment Transaction
with respect to the issuer:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
Adviser to each such Regulated Fund or Affiliated Fund will notify each Regulated Fund that holds securities of the portfolio company
of the proposed transaction at the earliest practical time;</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the Adviser
to each Regulated Fund that holds an investment in the issuer will formulate a recommendation as to the proposed participation, including
the amount of the proposed investment, by such Regulated Fund; and</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 0pt 0.25in; text-indent: 0.25in">(iii)&nbsp;&nbsp;&nbsp;the Advisers
will provide to the Board of each Regulated Fund that holds an investment in the issuer all information relating to the existing investments
in the issuer of the Regulated Funds and Affiliated Funds, including the terms of such investments and how they were made, that is necessary
for the Required Majority to make the findings required by this Condition.</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-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;<I>Enhanced Board
Approval. </I>The Adviser will provide its written recommendation as to the Regulated Fund's participation to the Eligible Directors,
and the Regulated Fund will participate in such Follow-On Investment solely to the extent that a Required Majority reviews the proposed
Follow-On Investment both on a stand-alone basis and together with the Pre-Boarding Investments in relation to the total economic exposure
and other terms and makes the determinations set forth in Condition 2(c). In addition, the Follow-On Investment may only be completed
in reliance on the Order if the Required Majority of each participating Regulated Fund determines that the making and holding of the
Pre-Boarding Investments were not prohibited by Section&nbsp;57 (as modified by Rule&nbsp;57b-1) or Rule&nbsp;17d-1, as applicable. The
basis for the Board's findings will be recorded in its minutes.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD><I>Additional Requirements. &nbsp;</I>The Follow-On Investment may
                                            only be completed in reliance on the Order if:</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 0in 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Original
Investments. </I>All of the Affiliated Funds&rsquo; and Regulated Funds&rsquo; investments in the issuer are Pre-Boarding Investments;</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 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Advice
of counsel.&nbsp;&nbsp;</I>Independent counsel to the Board advises that the making and holding of the investments in the Pre-Boarding
Investments were not prohibited by Section&nbsp;57 (as modified by Rule&nbsp;57b-1) or Rule&nbsp;17d-1, as applicable;</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 0pt 0.25in; text-indent: 0.25in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;<I>Multiple
Classes of Securities.&nbsp;&nbsp;</I>All Regulated Funds and Affiliated Funds that hold Pre-Boarding Investments in the issuer immediately
before the time of completion of the Co-Investment Transaction hold the same security or securities of the issuer. For the purpose of
determining whether the Regulated Funds and Affiliated Funds hold the same security or securities, they may disregard any security held
by some but not all of them if, prior to relying on the Order, the Required Majority is presented with all information necessary to make
a finding, and finds, that: (x) any Regulated Fund's or Affiliated Fund's holding of a different class of securities (including for this
purpose a security with a different maturity date) is immaterial in amount, including immaterial relative to the size of the issuer;
and (y)&nbsp;the Board records the basis for any such finding in its minutes. In addition, securities that differ only in respect of
issuance date, currency, or denominations may be treated as the same security; and</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 0pt 0.25in; text-indent: 0.25in">(iv)&nbsp;&nbsp;&nbsp;<I>No control.&nbsp;&nbsp;</I>The
Affiliated Funds, the other Regulated Funds and their affiliated persons (within the meaning of Section&nbsp;2(a)(3)(C)&nbsp;of the Act),
individually or in the aggregate, do not control the issuer of the securities (within the meaning of Section&nbsp;2(a)(9)&nbsp;of the
Act).</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD><I>Allocation. </I>If, with respect to any such Follow-On Investment:</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 0pt 0.25in; text-indent: 0.25in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
amount of the opportunity proposed to be made available to any Regulated Fund is not based on the Regulated Funds' and the Affiliated Funds'
outstanding investments in the issuer or the security at issue, as appropriate, immediately preceding the Follow-On Investment; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in"></P>

<!-- Field: Page; Sequence: 21 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 0pt 0.25in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;the aggregate
amount recommended by the Advisers to be invested in the Follow-On Investment by the participating Regulated Funds and any participating
Affiliated Funds, collectively, exceeds the amount of the investment opportunity, then the Follow-On Investment opportunity will be allocated
among them pro rata based on the size of the Internal Orders, as described in section III.A.1.b. above.</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-indent: 0.25in">(e)&nbsp;&nbsp;&nbsp;&nbsp;<I>Other Conditions.
</I>The acquisition of Follow-On Investments as permitted by this Condition will be considered a Co-Investment Transaction for all purposes
and subject to the other Conditions set forth in this Application.</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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in">10.</TD><TD><U>Board Reporting, Compliance and Annual Re-Approval</U></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; text-indent: 0.25in">(a)&nbsp;&nbsp;&nbsp;&nbsp;Each Adviser to a
Regulated Fund will present to the Board of each Regulated Fund, on a quarterly basis, and at such other times as the Board may request,
(i)&nbsp;a record of all investments in Potential Co-Investment Transactions made by any of the other Regulated Funds or any of the Affiliated
Funds during the preceding quarter that fell within the Regulated Fund&rsquo;s then-current Objectives and Strategies and Board-Established
Criteria that were not made available to the Regulated Fund, and an explanation of why such investment opportunities were not made available
to the Regulated Fund; (ii)&nbsp;a record of all Follow-On Investments in and Dispositions of investments in any issuer in which the
Regulated Fund holds any investments by any Affiliated Fund or other Regulated Fund during the prior quarter; and (iii)&nbsp;all information
concerning Potential Co-Investment Transactions and Co-Investment Transactions, including investments made by other Regulated Funds or
Affiliated Funds, that the Regulated Fund considered but declined to participate in, so that the Independent Directors, may determine
whether all Potential Co-Investment Transactions and Co-Investment Transactions during the preceding quarter, including those investments
that the Regulated Fund considered but declined to participate in, comply with the Conditions.</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-indent: 0.25in">(b)&nbsp;&nbsp;&nbsp;&nbsp;All information presented
to the Regulated Fund&rsquo;s Board pursuant to this Condition will be kept for the life of the Regulated Fund and at least two years
thereafter and will be subject to examination by the Commission and its staff.</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-indent: 0.25in">(c)&nbsp;&nbsp;&nbsp;&nbsp;Each Regulated Fund&rsquo;s
chief compliance officer, as defined in Rule&nbsp;38a-1(a)(4), will prepare an annual report for its Board each year that evaluates (and
documents the basis of that evaluation) the Regulated Fund&rsquo;s compliance with the terms and Conditions of the Application and the
procedures established to achieve such compliance. In the case of a BDC Downstream Fund that does not have a chief compliance officer,
the chief compliance officer of the BDC that controls the BDC Downstream Fund will prepare the report for the relevant Independent Party.</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-indent: 0.25in">(d)&nbsp;&nbsp;&nbsp;&nbsp;The Independent Directors
(including the non-interested members of each Independent Party) will consider at least annually whether continued participation in new
and existing Co-Investment Transactions is in the Regulated Fund&rsquo;s best interests.</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">11.&nbsp;&nbsp;&nbsp;<U>Record Keeping</U>. Each Regulated Fund will
maintain the records required by Section&nbsp;57(f)(3)&nbsp;of the Act as if each of the Regulated Funds were a BDC and each of the investments
permitted under these Conditions were approved by the Required Majority under Section&nbsp;57(f).</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">12.&nbsp;&nbsp;&nbsp;<U>Director Independence</U>. No Independent
Director (including the non-interested members of any Independent Party) of a Regulated Fund will also be a director, general partner,
managing member or principal, or otherwise be an &quot;affiliated person&quot; (as defined in the Act) of any Affiliated Fund.</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-top: 0pt; margin-bottom: 0pt">13. &nbsp;<U>Expenses</U>. The expenses, if
any, associated with acquiring, holding or disposing of any securities acquired in a Co-Investment Transaction (including, without limitation,
the expenses of the distribution of any such securities registered for sale under the Securities Act) will, to the extent not payable
by the Advisers under their respective advisory agreements with the Regulated Funds and the Affiliated Funds, be shared by the Regulated
Funds and the participating Affiliated Funds in proportion to the relative amounts of the securities held or being acquired or disposed
of, as the case may be.</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">14.&nbsp;&nbsp;&nbsp;<U>Transaction Fees<SUP>32</SUP></U>. Any transaction
fee (including break-up, structuring, monitoring or commitment fees but excluding brokerage or underwriting compensation permitted by
Section&nbsp;17(e)&nbsp;or 57(k)) received in connection with any Co-Investment Transaction will be distributed to the participants on
a pro rata basis based on the amounts they invested or committed, as the case may be, in such Co-Investment Transaction. If any transaction
fee is to be held by an Adviser pending consummation of the transaction, the fee will be deposited into an account maintained by the
Adviser at a bank or banks having the qualifications prescribed in Section&nbsp;26(a)(1), and the account will earn a competitive rate
of interest that will also be divided pro rata among the participants. None of the Advisers, the Affiliated Funds, the other Regulated
Funds or any affiliated person of the Affiliated Funds or the Regulated Funds will receive any additional compensation or remuneration
of any kind as a result of or in connection with a Co-Investment Transaction other than (i)&nbsp;in the case of the Regulated Funds and
the Affiliated Funds, the pro rata transaction fees described above and fees or other compensation described in Condition 2(c)(iii)(B)(z),
(ii)&nbsp;brokerage or underwriting compensation permitted by Section&nbsp;17(e)&nbsp;or 57(k), or (iii)&nbsp;in the case of the Advisers,
investment advisory compensation paid in accordance with investment advisory agreements between the applicable Regulated Fund(s)&nbsp;or
Affiliated Fund(s)&nbsp;and its Adviser.</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">15.&nbsp;&nbsp;&nbsp;<U>Independence</U>. If the Holders own in the
aggregate more than 25 percent of the Shares of a Regulated Fund, then the Holders will vote such Shares in the same percentages as the
Regulated Fund&rsquo;s other shareholders (not including the Holders) when voting on (1)&nbsp;the election of directors; (2)&nbsp;the
removal of one or more directors; or (3)&nbsp;any other matter under either the Act or applicable State law affecting the Board's composition,
size or manner of election.</P>
<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">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="width: 25%"><DIV STYLE="border-top: Black 1pt solid; font-size: 1pt">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>32</SUP> Applicants are not requesting and the Commission is
not providing any relief for transaction fees received in connection with any Co-Investment Transaction.</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>

<!-- Field: Page; Sequence: 22 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>VI. <U>PROCEDURAL MATTERS</U></B></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; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>A.</B></FONT></TD><TD><B>Communications</B></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 0pt 0.25in">Please address all communications concerning this Application
and the Notice and Order to:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; width: 50%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Michael J Arougheti</FONT></TD>
    <TD STYLE="text-align: center; width: 50%"><FONT STYLE="font-size: 10pt">Naseem Sagati Aghili</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">General Counsel</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Ares Management Corporation</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Ares Management Corporation</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">2000 Avenue of the Stars,
    12th Floor</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">2000 Avenue of the Stars, 12<SUP>th</SUP> Floor</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Los Angeles, CA 90067</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">Los Angeles, CA 90067</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">(310) 201-4100</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-size: 10pt">(310) 201-4100</FONT></TD></TR>
  </TABLE>




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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Please
address any questions, and a copy of any communications, concerning this Application, the Notice and Order to:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Nicole M. Runyan, P.C.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">Kirkland &amp; Ellis LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">601 Lexington Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">New York, NY 10022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(212) 446-4800</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 0.25in; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Applicants
desire that the Commission issue an Order pursuant to Rule&nbsp;0-5&nbsp;without conducting a hearing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">Pursuant to Rule&nbsp;0-2,&nbsp;each person executing
the Application on behalf of an Applicant says that he or she has duly executed the Application for and on behalf of such Applicant;
that he or she is authorized to execute the Application pursuant to the terms of an operating agreement, management agreement or otherwise;
and that all actions by members, directors or other bodies necessary to authorize each deponent to execute and file the Application have
been taken.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">The verifications required by Rule&nbsp;0-2(d)&nbsp;and
the authorizations required by Rule&nbsp;0-2(c)&nbsp;are below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

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

<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"><B>B.</B></TD><TD><B>Authorization</B></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; text-indent: 0.25in">All requirements for the execution and filing
of this Application in the name and on behalf of each Applicant by the undersigned have been complied with and the undersigned is fully
authorized to do so and has duly executed this Application as of this 12th day of July&nbsp;2023.</P>

<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>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARES CAPITAL CORPORATION</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 40%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Joshua M. Bloomstein</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Joshua M. Bloomstein</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: General Counsel</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARES DYNAMIC CREDIT ALLOCATION FUND,&nbsp;INC.</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Ian Fitzgerald</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Ian Fitzgerald</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: General Counsel</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARES PRIVATE MARKETS FUND</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Ian Fitzgerald</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Ian Fitzgerald</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: General Counsel</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARES STRATEGIC INCOME FUND</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Joshua M. Bloomstein </TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Joshua M. Bloomstein </FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: General Counsel</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">CION ARES DIVERSIFIED CREDIT FUND</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Ian Fitzgerald</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Ian Fitzgerald</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: General Counsel</FONT></TD>
    <TD>&nbsp;</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 0pt 0.75in">Ares Capital CP Funding LLC, Ares Capital JB Funding LLC,
ARCC FB Funding LLC, ACE III Master Fund, L.P., ACIP Investment Management LLC, ACIP Parallel Fund A, L.P., ACIP Apex Co-Investment,
L.P., ACOF Investment Management LLC, ACOF IV ATD Co-Invest, L.P., ACOF Operating Manager II, L.P., ACOF Operating Manager III, LLC,
ACOF Operating Manager IV, LLC, ACOF Operating Manager, L.P., ADREX Advisor LLC, AEIF Kleen Investor, LLC, AEIF Linden Blocker II LLC,
AEPEP III N Strategic Co-Invest, L.P., AF Energy Feeder, L.P., AF V APR Co-Invest, L.P., AIREX Advisor LLC, Ambition Holdings, L.P.,
American Capital Equity I, LLC, American Capital Equity II, LP, APSecurities Manager LP, AREA EAGLE Co-Invest Management LLC, AREG AC
Makena Holdings LLC, AREG Iberian Residential Co-Invest Vehicle SCSp, AREG Kennedy Co-Invest S.C.A., AREG LPKC Partners, L.P., AREG Makena
Management L.P., Ares Alternative Credit Management LLC, Ares Apex Pooling, LLC, Ares Asia Management Ltd, Ares ASIP VII Management,
L.P., Ares Asset-Backed Loan Fund LP, Ares Cactus Operating Manager, L.P., Ares Capital Europe IV (E)&nbsp;Levered, Ares Capital Europe
IV (E)&nbsp;Unlevered, Ares Capital Europe IV (G)&nbsp;Levered, Ares Capital Europe IV (G)&nbsp;Unlevered, Ares Capital Europe V (E)&nbsp;Levered,
Ares Capital Europe V (E)&nbsp;Unlevered, Ares Capital Europe V (G)&nbsp;Levered, Ares Capital Europe V (G)&nbsp;Unlevered, Ares Capital
Europe, L.P., Ares Capital Management LLC, Ares Capital Management II LLC, Ares Capital Management III LLC, Ares Centre Street Management,
L.P., Ares Centre Street Partnership, L.P., Ares CIP (V)&nbsp;Management LLC, Ares Climate Infrastructure Partners, L.P., Ares CLO Funding
I, L.P., Ares CLO Funding III LP, Ares CLO Management LLC, Ares CLO Management XXVII, L.P.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"></P>

<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">Ares CLO Management II, LLC, Ares CLO Management
IIIR/IVR, L.P., Ares CLO Management VIR, L.P., Ares CLO Management VR, L.P., Ares CLO Management X, L.P., Ares CLO Management XI,
L.P., Ares CLO Management XX, L.P., Ares CLO Management XXI, L.P., Ares CLO Management XXIX, L.P., Ares CLO Warehouse 2021-6 Ltd.,
Ares CLO Warehouse 2021-8 Ltd., Ares Commercial Finance LP, Ares Commercial Finance Management, LP, Ares Commercial Real Estate
Corporation, Ares Commercial Real Estate Management LLC, Ares Corporate Opportunities Fund Asia, L.P., Ares Corporate Opportunities
Fund II, L.P., Ares Corporate Opportunities Fund III, L.P., Ares Corporate Opportunities Fund IV, L.P., Ares Corporate Opportunities
Fund V, L.P., Ares Corporate Opportunities Fund VI Parallel (Foreign), L.P., Ares Corporate Opportunities Fund VI Parallel (TE),
L.P., Ares Corporate Opportunities Fund VI, L.P., Ares Corporate Opportunities Fund, L.P., Ares Credit Hedge Fund LP, Ares Credit
Investment Partnership I (V)&nbsp;L.P., Ares Credit Investment Partnership II (A), L.P., Ares Credit Strategies Feeder III UK, L.P.,
Ares Credit Strategies Fund I, L.P., Ares Credit Strategies Fund III, L.P., Ares Credit Strategies Insurance Dedicated Fund -
Series&nbsp;of SALI Multi Series&nbsp;Fund LP, Ares CSF III Investment Management, LLC, Ares CSF IV Management LLC, Ares CSF
Operating Manager I, LLC, Ares Customized Credit Fund L.P., Ares Direct Finance I LP, Ares Direct Investments (AC) LP, Ares Direct
Lending Opportunities LLC, Ares Direct Lending Opportunities Offshore LLC, Ares Direct Lending Opportunities Parallel LLC, Ares
Diversified Credit Strategies Fund (S), L.P., Ares Diversified Credit Strategies Fund II (IM), L.P., Ares Diversified Real Estate
Exchange LLC , Ares EHP Co-Invest Holdings, L.P., Ares EIF Management, LLC, Ares Energy Investors Fund V, L.P., Ares Energy
Opportunities Fund A, L.P., Ares Energy Opportunities Fund B, L.P., Ares Energy Opportunities Fund, L.P., Ares Enhanced Credit
Opportunities Investment Management II, LLC, Ares Enhanced Credit Opportunities Master Fund II,&nbsp;LTD., Ares Enhanced Loan
Investment Strategy Advisor IV, L.P., Ares Enhanced Loan Investment Strategy II,&nbsp;LTD., Ares Enhanced Loan Investment Strategy
III,&nbsp;LTD., Ares Enhanced Loan Investment Strategy IR,&nbsp;LTD., Ares Enhanced Loan Management II, L.P., Ares Enhanced Loan
Management III, L.P., Ares Enhanced Loan Management IR, L.P., Ares EPIC Co-Invest II, L.P., Ares EPIC Co-Invest, L.P., Ares European
CLO II B.V., Ares European CLO IX Designated Activity Company, Ares European CLO VI Designated Activity Company, Ares European CLO
VII Designated Activity Company, Ares European CLO VIII Designated Activity Company, Ares European CLO X Designated Activity
Company, Ares European CLO XI Designated Activity Company, Ares European CLO XII Designated Activity Company, Ares European CLO XIII
Designated Activity Company, Ares European CLO XIV Designated Activity Company, Ares European CLO XV Designated Activity Company,
Ares European CLO XVI Designated Activity Company, Ares European Credit Investments I (C), L.P., Ares European Credit Investments II
(G), L.P., Ares European Credit Investments III (K), L.P., Ares European Credit Investments IV (A), L.P., Ares European Credit
Investments V (X), L.P., Ares European Credit Investments VI (N), L.P., Ares European Credit Investments VII (CP), L.P., Ares
European Credit Investments IX (AF), L.P., Ares European Credit Strategies Fund II (B), L.P., Ares European Credit Strategies Fund
III (A), L.P., Ares European Credit Strategies Fund IV (M), L.P., Ares European Credit Strategies Fund IX (C), L.P., Ares European
Credit Strategies Fund V (G)&nbsp;L.P., Ares European Credit Strategies Fund VI (B), LP, Ares European Credit Strategies Fund VII
(Palo Verde), L.P., Ares European Credit Strategies Fund X (T), L.P., Ares European Credit Strategies Fund XI (S), L.P., Ares
European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund 1, Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund
2, Ares European Loan Funding II, Ares European Loan Funding S.L.P., Ares European Loan Management LLP, Ares European Property
Enhancement Parallel Partners III SCSp, Ares European Property Enhancement Partners III SCSp, Ares European Real Estate Fund VI
SCSp Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares European Loan Fund (G), Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares
U.S. Loan Fund (G), Ares Global High Grade CLO Debt Fund, L.P., Ares Global Multi-Asset Credit Master Fund, L.P., Ares Ground Lease
Partners, L.P., Ares HICOF Operating Manager, L.P., Ares High Income Credit Opportunities Fund II (Master) LP, Ares High Income
Credit Opportunities Fund, L.P., Ares High Yield Strategies Fund IV Management, L.P., Ares ICOF II Management, LLC, Ares ICOF II
Master Fund, L.P., Ares ICOF III Fund (CAYMAN) LP, Ares ICOF III Fund (Delaware) LP, Ares ICOF III Management LP, Ares IDF
Management LLC, Ares IIIR/IVR CLO LTD., Ares Income Opportunity Fund, L.P., Ares Industrial Real Estate Exchange LLC, Ares
Industrial Real Estate Fund GP LLC, Ares Industrial Real Estate Fund LP, Ares Industrial Real Estate Fund Manager LLC, Ares
Industrial Real Estate Income Trust Inc., Ares Industrial Real Estate Income Trust Inc. - Build-To-Core Industrial Partnership I LP,
Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial Partnership II LP, Ares Industrial Real Estate Income Trust
Inc.- Build-To-Core Industrial Partnership III LLC, Ares Institutional Credit Fund L.P., Ares Institutional High Yield Master Fund
LP, Ares Institutional Loan Fund, L.P., Ares Institutional Structured Credit Management, L.P., Ares Jasper Fund, L.P., Ares L CLO
Ltd., Ares LI CLO Ltd., Ares LII CLO Ltd., Ares LIII CLO Ltd., Ares LIV CLO Ltd., Ares LIX CLO Ltd., Ares Loan Funding I,&nbsp;Ltd.,
Ares Loan Trust 2011, Ares Loan Trust 2016, Ares LV CLO Ltd. (fka Ares CLO Warehouse 2018-6), Ares LVI CLO Ltd., Ares LVII CLO Ltd.,
Ares LVIII CLO Ltd., Ares LX CLO Ltd., Ares LXI CLO Ltd., Ares LXII CLO Ltd., Ares Management Limited, Ares Management LLC, Ares
Management Luxembourg S.a.r.l., Ares Management UK Limited, Ares Mezzanine Management LLC, Ares Mezzanine Partners, L.P., Ares
Midway Partners, L.P., Ares MSCF V (H)&nbsp;Management LLC, Ares Multi-Asset Credit Strategies Fund LP,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"></P>

<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">Ares Multi-Credit Fund LLC, Ares Multi-Strategy Credit
Fund V (H), L.P., Ares ND Credit Strategies Fund LLC, Ares PA Opportunities Fund, L.P., Ares Pan-European Logistics Partnership, L.P.,
Ares Pathfinder Core Fund (Offshore), L.P., Ares Pathfinder Core Fund, L.P., Ares Pathfinder Fund (Offshore), L.P., Ares Pathfinder Fund,
L.P., Ares PBN Finance Co. LLC, Ares PE Extended Value Fund LP, Ares PG Co-Invest L.P., Ares Private Account Management I, L.P., Ares
Private Credit Solutions (Cayman), L.P., Ares Private Credit Solutions (Offshore) II, L.P., Ares Private Credit Solutions II, L.P., Ares
Private Credit Solutions, L.P., Ares Private Debt Strategies Fund II, L.P., Ares Private Opportunities (CP), L.P., Ares Private Opportunities
(NYC), L.P., Ares Private Opportunities 2020 (C), LP, Ares Real Estate Enhanced Income Fund, L.P., Ares Real Estate Management Holdings,
LLC, Ares Real Estate Income Trust Inc., Ares Real Estate Secured Income Fund, L.P., Ares RF Co-Invest (H), L.P., Ares RF Co-Invest,
L.P., Ares RLG Co-Invest Holdings, L.P., Ares SCM Co-Invest III, L.P., Ares Secured Income Master Fund LP, Ares Senior Direct Lending
Master Fund Designated Activity Company, Ares Senior Direct Lending Master Fund II Designated Activity Company, Ares Senior Direct Lending
Parallel Fund (L)&nbsp;II, L.P., Ares Senior Direct Lending Parallel Fund (L), L.P., Ares Senior Direct Lending Parallel Fund (U)&nbsp;B,
L.P., Ares Senior Direct Lending Parallel Fund (U)&nbsp;II, L.P., Ares Senior Direct Lending Parallel Fund (U), L.P., Ares Senior Loan
Trust, Ares Senior Loan Trust Management L.P., Ares SDL II Capital Management LLC, Ares SFERS Credit Strategies Fund LLC, Ares Special
Opportunities Fund (Offshore), L.P., Ares Special Opportunities Fund, L.P., Ares Special Opportunities Fund II (Jersey A) L.P., Ares
Special Opportunities Fund II (Jersey) L.P., Ares Special Opportunities Fund II (Offshore), L.P., Ares Special Opportunities Fund II,
L.P., Ares Special Situations Fund III, L.P., Ares Special Situations Fund IV, L.P., Ares Sports, Media and Entertainment Finance (Offshore),
L.P., Ares Sports, Media and Entertainment Finance, L.P., Ares Management Asia (Australia) Pty Ltd, Ares Management Asia (Hong Kong)
Limited, Ares Management Asia (Cayman) Limited, Ares Management Asia (Mauritius) Ltd, Ares Management Asia (Singapore) Pte. Ltd., Ares
Management Asia (Thailand) Limited, Ares SSG Capital Partners VI, L.P., Ares SSG Excelsior Co-Investment, L.P., Ares Asia Direct Lending
LP, Ares SSG Secured Lending Opportunities III, L.P., Ares Strategic Investment Partners IV, Ares UK Credit Strategies, L.P., Ares U.S.
CLO Management III LLC &ndash; Series&nbsp;A, Ares US Real Estate Fund X, L.P., Ares US Real Estate Fund X-A, L.P., Ares US Real Estate
Fund X-B, L.P., Ares US Real Estate Opportunity Fund III, L.P., Ares US Real Estate Opportunity Management, L.P., Ares US Real Estate
Opportunity Parallel Fund III-A, L.P., Ares US Real Estate Opportunity Parallel Fund III-B, L.P., Ares VAL Co-Invest Holdings I, L.P.,
Ares VAL Co-Invest Holdings II, L.P., Ares VIR CLO LTD., Ares VR CLO,&nbsp;LTD., Ares X CLO LTD., Ares XI CLO LTD., Ares XL CLO Ltd,
Ares XLI CLO Ltd, Ares XLII CLO Ltd., Ares XLIII CLO Ltd., Ares XLIV CLO Ltd., Ares XLIX CLO Ltd, Ares XLV CLO Ltd., Ares XLVI CLO LTD,
Ares XLVII CLO LTD, Ares XLVIII CLO Ltd., Ares XX CLO LTD, Ares XXI CLO LTD., Ares XXIX CLO LTD, Ares XXVII CLO LTD, Ares XXVIIIR CLO
Ltd., Ares XXXIIR CLO Ltd., Ares XXXIR CLO Ltd., ARES XXXIV CLO LTD., Ares XXXIX CLO Ltd., Ares XXXVII CLO, LTD, Ares XXXVIII CLO, LTD,
ASIP Operating Manager IV, LLC, ASOF Delaware Feeder, L.P., ASOF Direct Investments (A), L.P., ASOF Investment Management LLC, Ares Insurance
Partners, L.P., Ares Insurance Solutions LLC, Aspida Holdings Ltd., Aspida Life Re Ltd., Aspida Holdings LLC, Aspida Re (Bermuda) Ltd.,
Aspida Re Services Ltd., Aspida Risk Advisors, LLC, Aspida Financial Services, LLC, Aspida Life Insurance Company, ASSF Operating Manager
III, LLC, ASSF Operating Manager IV, L.P., BCG BTC III Managing Member LLC, Cal Ares Real Estate Debt Partners, LLC, Chengdu Ares Yuanjing
Equity Investment Fund L.P., Chengdu Ares Yuankang Investment Management Co Ltd, Chimney Tops Loan Fund, LLC, CION Ares Management, LLC,
COLTS 2005-1 LTD., COLTS 2005-2 LTD., Columbus Opportunity Fund, L.P., Crestline Denali Capital LLC, Crestline Denali CLO XIV,&nbsp;Ltd.,
Crestline Denali CLO XV,&nbsp;Ltd., Crestline Denali CLO XVI,&nbsp;Ltd., Crestline Denali CLO XVII,&nbsp;Ltd., Denali Capital CLO X,&nbsp;Ltd.,
Denali Capital CLO XI,&nbsp;Ltd., Denali Capital CLO XII,&nbsp;Ltd., EIF Calypso II Blocker, LLC, EIF Channelview Blocker, LLC, EIF Oregon,
LLC, EIF United States Power Fund IV, L.P., Emporia Preferred Funding III,&nbsp;LTD., Hush Lux S.a.r.l.,&nbsp;Industrial Property Advisors
Sub II LLC,&nbsp;Industrial Property Advisors Sub III LLC,&nbsp;Ivy Hill Asset Management, L.P.,&nbsp;Ivy Hill Investment Holdings, LLC,&nbsp;Ivy
Hill Middle Market Credit Fund IV,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund IX, LTD,&nbsp;Ivy Hill Middle Market Credit Fund
V,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund VII,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund VIII,&nbsp;LTD.,&nbsp;Ivy
Hill Middle Market Credit Fund X, LTD,&nbsp;Ivy Hill Middle Market Credit Fund XII, LTD, Ivy Hill Middle Market Credit Fund XIV, Ltd,&nbsp;Ivy
Hill Middle Market Credit Fund XV,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XVI,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit
Fund XVII,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XIX,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XVIII,&nbsp;Ltd.,&nbsp;Ivy
Hill Revolver Funding LP, Landmark - NYC Fund I, L.P., Landmark Co-Investment Partners IX, L.P., Landmark Equity Advisors LLC, Landmark
Equity Partners XIII, L.P., Landmark Equity Partners XIII-A, L.P., Landmark Equity Partners XIV, L.P., Landmark Equity Partners XV, L.P.,
Landmark Equity Partners XVI Co-Investment Fund, L.P., Landmark Equity Partners XVI, L.P., Landmark Equity Partners XVII Co-Investment
Fund, L.P., Landmark Equity Partners XVII, L.P, Landmark Equity Partners XVII-B, L.P., Landmark Growth Capital Partners, L.P., Landmark
Hudson Partners I, L.P., Landmark IAM Growth Capital, L.P., Landmark IAM Real Estate Partnership V, L.P., Landmark Infrastructure Partners
II, L.P., Landmark Pacific Partners II, L.P., Landmark Pacific Partners, L.P. &ndash; Series&nbsp;A, Landmark Pacific Partners, L.P.
 &ndash; Series&nbsp;B, Landmark Pacific Partners, L.P. &ndash; Series&nbsp;C, Landmark Partners LLC, Landmark Partners 1907 Fund I, L.P.,
Landmark Partners 1907 Fund II, L.P., Landmark Partners 1907 Fund III, L.P., Landmark Partners Insurance Fund Series&nbsp;Interests of
the SALI Multi-Series&nbsp;Fund, L.P., Landmark Private Opportunities (FG) 2021, L.P.,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in"></P>

<!-- Field: Page; Sequence: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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 0pt 0.75in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in">Landmark Realty Advisors LLC, Landmark Real Estate Partners
IX Co-Investment Fund, L.P., Landmark Real Estate Partners IX, L.P., Landmark Real Estate Partners V, L.P., Landmark Real Estate Partners
VI Offshore, L.P., Landmark Real Estate Partners VI, L.P., Landmark Real Estate Partners VII Offshore, L.P., Landmark Real Estate Partners
VII OPERS Co-Investment, L.P., Landmark Real Estate Partners VII, L.P., Landmark Real Estate Partners VIII Co-Investment Fund, L.P.,
Landmark Real Estate Partners VIII, L.P., Landmark Real Estate Partners VIII-A, L.P., Landmark Real Estate Partners VIII-Campbell Co-Investment,
L.P., Landmark Real Estate Partners IX-Campbell Co-Investment, L.P., Landmark Real Estate Partners VII-IP Co-Investment, L.P., Landmark
Real Estate Partners VI-OPERS Co-Investment, L.P., Landmark Sing Co-Investment Fund I, L.P., Landmark Tig Co-Investment Fund I, L.P.,
Landmark TX ERS Co-Investment Fund I, L.P., Landmark TX ERS Co-Investment Fund II, L.P., Legacy SCM Aggregator, LLC, LWFB Co-Investment
Fund I, L.P., MC European Real Estate Debt Parent LP, MC Investments Parent L.P, NCL III - Outside Opportunities B, NCL Investments II
- Outside Opportunities Series&nbsp;A, NCL Investments II - Outside Opportunities Series&nbsp;B, NCL Investments II - PE Series, NCL
Investments II - RA Series, NCL Investments II - RE Series, NCL Investments III PE Series, NCL Investments III RA Series, NCL Investments
III RE Series, NCL Investments III, L.P. Outside Opportunities Series&nbsp;A, NCL Investments, L.P. - PE Series, NCL Investments, L.P.
- RA Series, NCL Investments, L.P. - RE Series, Passero 18, L.P., Private Debt Strategies Fund III, L.P., Private Debt Strategies Fund
IV, L.P., Private Debt Strategies Fund V, L.P., Ares Management Asia (Shanghai) Limited, Spring Bridge Partners (Longshore),
LP, Spring Bridge Partners (PES) Fund, LP, Spring Bridge Partners, L.P., SSG Capital Partners I Side Pocket, L.P., SSG Capital Partners
II, L.P., SSG Capital Partners III, LP, SSG Capital Partners IV SIDECAR, L.P., SSG Capital Partners IV, L.P., SSG Capital Partners V
SIDECAR, L.P., SSG Capital Partners V, L.P., SSG Secured Lending Opportunities I-A, L.P., SSG Secured Lending Opportunities II, L.P.,
United States Power Fund II, L.P., United States Power Fund III, L.P., USPF II Institutional Fund, L.P., Wafra Venture Master Fund I,
VEF Group Management, LLC</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: 4%"></TD><TD STYLE="text-align: justify; width: 6%">By:</TD>
                               <TD STYLE="border-bottom: Black 1pt solid; text-align: justify; width: 40%">/s/ Miriam Krieger</TD>
                                                                                      <TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: justify">&nbsp;</TD>
         <TD STYLE="text-align: justify">Name: Miriam Krieger</TD>
                                                                                      <TD STYLE="text-align: justify">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD></TD><TD STYLE="text-align: justify">&nbsp;</TD>
         <TD STYLE="text-align: justify">Title: Authorized Person</TD>
                                                                                      <TD STYLE="text-align: justify">&nbsp;</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>

<!-- Field: Page; Sequence: 28 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 37.95pt 0pt 6pt; text-align: center; text-indent: 19.95pt">Verification</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-indent: 0.25in">The undersigned states that he has duly executed
the attached application dated as of July 12, 2023 for and on behalf of Ares Capital Corporation; that he is the General Counsel, Vice
President and Secretary of such company; and that all action by officers, directors, and other bodies necessary to authorize the undersigned
to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the
contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">ARES
    CAPITAL CORPORATION</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">/s/ <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Joshua
    M. Bloomstein</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:
    Joshua M. Bloomstein</FONT></TD>
    </TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:
    General Counsel</FONT></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>

<!-- Field: Page; Sequence: 29 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 37.95pt 0pt 6pt; text-align: center; text-indent: 19.95pt">Verification</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-indent: 0.25in">The undersigned states that he has duly executed
the attached application dated as of July 12, 2023 for and on behalf of Ares Dynamic Credit Allocation Fund, Inc.; that he is the General
Counsel and Secretary of such company; and that all action by officers, directors, and other bodies necessary to authorize the undersigned
to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the
contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ARES DYNAMIC CREDIT ALLOCATION FUND,&nbsp;INC.</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">/s/ Ian Fitzgerald</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Ian Fitzgerald</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: General Counsel</FONT></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>

<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Verification</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-indent: 0.25in">The undersigned states that he has duly executed
the attached application dated as of July 12, 2023 for and on behalf of Ares Private Markets Fund; that he is the Chief Legal Officer,
General Counsel and Secretary of such company; and that all action by officers, directors, and other bodies necessary to authorize the
undersigned to execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument,
and the contents thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ARES PRIVATE MARKETS FUND</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif">/s/ Ian Fitzgerald</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 46%"><FONT STYLE="font-size: 10pt">Name: Ian Fitzgerald</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: General Counsel</FONT></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>

<!-- Field: Page; Sequence: 31 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Verification</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-indent: 0.25in">The undersigned states that he has duly executed
the attached application dated as of July 12, 2023 for and on behalf of Ares Strategic Income Fund; that he is the General Counsel and
Secretary of such company; and that all action by officers, directors, and other bodies necessary to authorize the undersigned to execute
and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents thereof,
and that the facts therein set forth are true to the best of his knowledge, information and belief.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">ARES STRATEGIC INCOME FUND</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">/s/ Joshua Bloomstein</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Joshua M. Bloomstein</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: General Counsel</FONT></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>

<!-- Field: Page; Sequence: 32 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Verification</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-indent: 0.25in">The undersigned states that he has duly executed
the attached application dated as of July 12, 2023 for and on behalf of CION Ares Diversified Credit Fund; that he is the General Counsel
and Secretary of such company; and that all action by officers, directors, and other bodies necessary to authorize the undersigned to
execute and file such instrument has been taken. The undersigned further states that he is familiar with such instrument, and the contents
thereof, and that the facts therein set forth are true to the best of his knowledge, information and belief.</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">CION ARES DIVERSIFIED CREDIT FUND</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">/s/ Ian Fitzgerald</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Name: Ian Fitzgerald</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Title: General Counsel</FONT></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>

<!-- Field: Page; Sequence: 33 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Verification</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-indent: 0.25in">The undersigned states that she has duly executed
the attached application dated as of July 12, 2023 for and on behalf of each entity listed below; that she is the authorized person of
each such entity; and that all action by officers, directors, and other bodies necessary to authorize the undersigned to execute and
file such instrument has been taken. The undersigned further states that she is familiar with such instrument, and the contents thereof,
and that the facts therein set forth are true to the best of her knowledge, information and belief.</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: Times New Roman, Times, Serif; font-size: 10pt">Ares
Capital CP Funding LLC, Ares Capital JB Funding LLC, ARCC FB Funding LLC, ACE III Master Fund, L.P., ACIP Investment Management LLC,
ACIP Parallel Fund A, L.P., ACIP Apex Co-Investment, L.P., ACOF Investment Management LLC, ACOF IV ATD Co-Invest, L.P., ACOF Operating
Manager II, L.P., ACOF Operating Manager III, LLC, ACOF Operating Manager IV, LLC, ACOF Operating Manager, L.P., ADREX Advisor LLC, AEIF
Kleen Investor, LLC, AEIF Linden Blocker II LLC, AEPEP III N Strategic Co-Invest, L.P., AF Energy Feeder, L.P., AF V APR Co-Invest, L.P.,
AIREX Advisor LLC, Ambition Holdings, L.P., American Capital Equity I, LLC, American Capital Equity II, LP, APSecurities Manager LP,
AREA EAGLE Co-Invest Management LLC, AREA-CAELUS Co-Invest, L.P., AREG AC Makena Holdings LLC, AREG Iberian Residential Co-Invest Vehicle
SCSp, AREG Kennedy Co-Invest S.C.A., AREG LPKC Partners, L.P., AREG Makena Management L.P., Ares Alternative Credit Management LLC, Ares
Apex Pooling, LLC, Ares Asia Management Ltd, Ares ASIP VII Management, L.P., Ares Asset-Backed Loan Fund LP, Ares Cactus Operating Manager,
L.P., Ares Capital Europe IV (E)&nbsp;Levered, Ares Capital Europe IV (E)&nbsp;Unlevered, Ares Capital Europe IV (G)&nbsp;Levered, Ares
Capital Europe IV (G)&nbsp;Unlevered, Ares Capital Europe V (E)&nbsp;Levered, Ares Capital Europe V (E)&nbsp;Unlevered, Ares Capital
Europe V (G)&nbsp;Levered, Ares Capital Europe V (G)&nbsp;Unlevered, Ares Capital Europe, L.P., Ares Capital Management LLC, Ares Capital
Management II LLC, Ares Capital Management III LLC, Ares Centre Street Management, L.P., Ares Centre Street Partnership, L.P., Ares CIP
(V)&nbsp;Management LLC, Ares Climate Infrastructure Partners, L.P., Ares CLO Funding I, L.P., Ares CLO Funding III LP, Ares CLO Management
LLC, Ares CLO Management XXVII, L.P., Ares CLO Management II, LLC, Ares CLO Management IIIR/IVR, L.P., Ares CLO Management VIR, L.P.,
Ares CLO Management VR, L.P., Ares CLO Management X, L.P., Ares CLO Management XI, L.P., Ares CLO Management XX, L.P., Ares CLO Management
XXI, L.P., Ares CLO Management XXIX, L.P., Ares CLO Warehouse 2021-6 Ltd., Ares CLO Warehouse 2021-8 Ltd., Ares Commercial Finance LP,
Ares Commercial Finance Management, LP, Ares Commercial Real Estate Corporation, Ares Commercial Real Estate Management LLC, Ares Corporate
Opportunities Fund Asia, L.P., Ares Corporate Opportunities Fund II, L.P., Ares Corporate Opportunities Fund III, L.P., Ares Corporate
Opportunities Fund IV, L.P., Ares Corporate Opportunities Fund V, L.P., Ares Corporate Opportunities Fund VI Parallel (Foreign), L.P.,
Ares Corporate Opportunities Fund VI Parallel (TE), L.P., Ares Corporate Opportunities Fund VI, L.P., Ares Corporate Opportunities Fund,
L.P., Ares Credit Hedge Fund LP, Ares Credit Investment Partnership I (V)&nbsp;L.P., Ares Credit Investment Partnership II (A), L.P.,
Ares Credit Strategies Feeder III UK, L.P., Ares Credit Strategies Fund I, L.P., Ares Credit Strategies Fund III, L.P., Ares Credit Strategies
Insurance Dedicated Fund - Series&nbsp;of SALI Multi Series&nbsp;Fund LP, Ares CSF III Investment Management, LLC, Ares CSF IV Management
LLC, Ares CSF Operating Manager I, LLC, Ares Customized Credit Fund L.P., Ares Direct Finance I LP, Ares Direct Investments (AC) LP,
Ares Direct Lending Opportunities LLC, Ares Direct Lending Opportunities Offshore LLC, Ares Direct Lending Opportunities Parallel LLC,
Ares Diversified Credit Strategies Fund (S), L.P., Ares Diversified Credit Strategies Fund II (IM), L.P., Ares Diversified Real Estate
Exchange LLC , Ares EHP Co-Invest Holdings, L.P., Ares EIF Management, LLC, Ares Energy Investors Fund V, L.P., Ares Energy Opportunities
Fund A, L.P., Ares Energy Opportunities Fund B, L.P., Ares Energy Opportunities Fund, L.P., Ares Enhanced Credit Opportunities Investment
Management II, LLC, Ares Enhanced Credit Opportunities Master Fund II,&nbsp;LTD., Ares Enhanced Loan Investment Strategy Advisor IV,
L.P., Ares Enhanced Loan Investment Strategy II,&nbsp;LTD., Ares Enhanced Loan Investment Strategy III,&nbsp;LTD., Ares Enhanced Loan
Investment Strategy IR,&nbsp;LTD., Ares Enhanced Loan Management II, L.P., Ares Enhanced Loan Management III, L.P., Ares Enhanced Loan
Management IR, L.P., Ares EPIC Co-Invest II, L.P., Ares EPIC Co-Invest, L.P., Ares European CLO II B.V., Ares European CLO IX Designated
Activity Company, Ares European CLO VI Designated Activity Company, Ares European CLO VII Designated Activity Company, Ares European
CLO VIII Designated Activity Company, Ares European CLO X Designated Activity Company, Ares European CLO XI Designated Activity Company,
Ares European CLO XII Designated Activity Company, Ares European CLO XIII Designated Activity Company, Ares European CLO XIV Designated
Activity Company, Ares European CLO XV Designated Activity Company, </FONT>Ares European CLO XVI Designated Activity Company, Ares European
Credit Investments I (C), L.P., Ares European Credit Investments II (G), L.P., Ares European Credit Investments III (K), L.P., Ares European
Credit Investments IV (A), L.P., Ares European Credit Investments V (X), L.P., Ares European Credit Investments VI (N), L.P., Ares European
Credit Investments VII (CP), L.P., Ares European Credit Investments IX (AF), L.P., Ares European Credit Strategies Fund II (B), L.P.,
Ares European Credit Strategies Fund III (A), L.P., Ares European Credit Strategies Fund IV (M), L.P., Ares European Credit Strategies
Fund IX (C), L.P., Ares European Credit Strategies Fund V (G)&nbsp;L.P., Ares European Credit Strategies Fund VI (B), LP, Ares European
Credit Strategies Fund VII (Palo Verde), L.P., Ares European Credit Strategies Fund X (T), L.P., Ares European Credit Strategies Fund
XI (S), L.P., Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund 1, Ares European Credit Strategies Fund XII (Z), SCSp
RAIF - Sub-Fund 2, Ares European Loan Funding II, Ares European Loan Funding S.L.P., Ares European Loan Management LLP, Ares European
Property Enhancement Parallel Partners III SCSp, Ares European Property Enhancement Partners III SCSp, Ares European Real Estate Fund
VI SCSp, Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares European Loan Fund (G), Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares
U.S. Loan Fund (G), Ares Global High Grade CLO Debt Fund, L.P., Ares Global Multi-Asset Credit Master Fund, L.P., Ares Ground Lease Partners,
L.P., Ares HICOF Operating Manager, L.P., Ares High Income Credit Opportunities Fund II (Master) LP, Ares High Income Credit Opportunities
Fund, L.P., Ares High Yield Strategies Fund IV Management, L.P., Ares ICOF II Management, LLC, Ares ICOF II Master Fund, L.P., Ares ICOF
III Fund (CAYMAN) LP, Ares ICOF III Fund (Delaware) LP, Ares ICOF III Management LP, Ares IDF Management LLC, Ares IIIR/IVR CLO LTD.,
Ares Income Opportunity Fund, L.P., Ares Industrial Real Estate Exchange LLC, Ares Industrial Real Estate Fund GP LLC, Ares Industrial
Real Estate Fund LP, Ares Industrial Real Estate Fund Manager LLC, Ares Industrial Real Estate Income Trust Inc., Ares Industrial Real
Estate Income Trust Inc. - Build-To-Core Industrial Partnership I LP, Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial
Partnership II LP, Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial Partnership III LLC,</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>

<!-- Field: Page; Sequence: 34 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ares Institutional Credit Fund L.P., Ares Institutional High Yield
Master Fund LP, Ares Institutional Loan Fund, L.P., Ares Institutional Structured Credit Management, L.P., Ares Jasper Fund, L.P., Ares
L CLO Ltd., Ares LI CLO Ltd., Ares LII CLO Ltd., Ares LIII CLO Ltd., Ares LIV CLO Ltd., Ares LIX CLO Ltd., Ares Loan Funding I,&nbsp;Ltd.,
Ares Loan Trust 2011, Ares Loan Trust 2016, Ares LV CLO Ltd. (fka Ares CLO Warehouse 2018-6), Ares LVI CLO Ltd., Ares LVII CLO Ltd.,
Ares LVIII CLO Ltd., Ares LX CLO Ltd., Ares LXI CLO Ltd., Ares LXII CLO Ltd., Ares Management Limited, Ares Management LLC, Ares Management
Luxembourg S.a.r.l., Ares Management UK Limited, Ares Mezzanine Management LLC, Ares Mezzanine Partners,
L.P., Ares Midway Partners, L.P., Ares MSCF V (H)&nbsp;Management LLC, Ares Multi-Asset Credit Strategies Fund LP, Ares Multi-Credit
Fund LLC, Ares Multi-Strategy Credit Fund V (H), L.P., Ares ND Credit Strategies Fund LLC, Ares PA Opportunities Fund, L.P., Ares Pan-European
Logistics Partnership, L.P., Ares Pathfinder Core Fund (Offshore), L.P., Ares Pathfinder Core Fund, L.P., Ares Pathfinder Fund (Offshore),
L.P., Ares Pathfinder Fund, L.P., Ares PBN Finance Co. LLC, Ares PE Extended Value Fund LP, Ares PG Co-Invest L.P., Ares Private Account
Management I, L.P., Ares Private Credit Solutions (Cayman), L.P., Ares Private Credit Solutions (Offshore) II, L.P., Ares Private Credit
Solutions II, L.P., Ares Private Credit Solutions, L.P., Ares Private Debt Strategies Fund II, L.P., Ares Private Opportunities (CP),
L.P., Ares Private Opportunities (NYC), L.P., Ares Private Opportunities 2020 (C), LP, Ares Real Estate Enhanced Income Fund, L.P., Ares
Real Estate Management Holdings, LLC, Ares Real Estate Income Trust Inc., Ares Real Estate Secured Income Fund, L.P., Ares RF Co-Invest
(H), L.P., Ares RF Co-Invest, L.P., Ares RLG Co-Invest Holdings, L.P., Ares SCM Co-Invest III, L.P., Ares Secured Income Master Fund
LP, Ares Senior Direct Lending Master Fund Designated Activity Company, Ares Senior Direct Lending Master Fund II Designated Activity
Company, Ares Senior Direct Lending Parallel Fund (L)&nbsp;II, L.P., Ares Senior Direct Lending Parallel Fund (L), L.P., Ares Senior
Direct Lending Parallel Fund (U)&nbsp;B, L.P., Ares Senior Direct Lending Parallel Fund (U)&nbsp;II, L.P., Ares Senior Direct Lending
Parallel Fund (U), L.P., Ares Senior Loan Trust, Ares Senior Loan Trust Management L.P., Ares SDL II Capital Management LLC, Ares SFERS
Credit Strategies Fund LLC, Ares Special Opportunities Fund (Offshore), L.P., Ares Special Opportunities Fund, L.P., Ares Special Opportunities
Fund II (Jersey A) L.P., Ares Special Opportunities Fund II (Jersey) L.P., Ares Special Opportunities Fund II (Offshore), L.P., Ares
Special Opportunities Fund II, L.P., Ares Special Situations Fund III, L.P., Ares Special Situations Fund IV, L.P., Ares Sports, Media
and Entertainment Finance (Offshore), L.P., Ares Sports, Media and Entertainment Finance, L.P., Ares Management Asia (Australia) Pty
Ltd, Ares Management Asia (Hong Kong) Limited, Ares Management Asia (Cayman) Limited, Ares Management Asia (Mauritius) Ltd, Ares Management
Asia (Singapore) Pte. Ltd., Ares Management Asia (Thailand) Limited, Ares SSG Capital Partners VI, L.P., Ares SSG Excelsior Co-Investment,
L.P., Ares Asia Direct Lending LP, Ares SSG Secured Lending Opportunities III, L.P., Ares Strategic Investment Partners IV, Ares UK Credit
Strategies, L.P., Ares U.S. CLO Management III LLC &ndash; Series&nbsp;A, Ares US Real Estate Fund X, L.P., Ares US Real Estate Fund
X-A, L.P., Ares US Real Estate Fund X-B, L.P., Ares US Real Estate Opportunity Fund III, L.P., Ares US Real Estate Opportunity Management,
L.P., Ares US Real Estate Opportunity Parallel Fund III-A, L.P., Ares US Real Estate Opportunity Parallel Fund III-B, L.P., Ares VAL
Co-Invest Holdings I, L.P., Ares VAL Co-Invest Holdings II, L.P., Ares VIR CLO LTD., Ares VR CLO,&nbsp;LTD., Ares X CLO LTD., Ares XI
CLO LTD., Ares XL CLO Ltd, Ares XLI CLO Ltd, Ares XLII CLO Ltd., Ares XLIII CLO Ltd., Ares XLIV CLO Ltd., Ares XLIX CLO Ltd, Ares XLV
CLO Ltd., Ares XLVI CLO LTD, Ares XLVII CLO LTD, Ares XLVIII CLO Ltd., Ares XX CLO LTD, Ares XXI CLO LTD., Ares XXIX CLO LTD, Ares XXVII
CLO LTD, Ares XXVIIIR CLO Ltd., Ares XXXIIR CLO Ltd., Ares XXXIR CLO Ltd., ARES XXXIV CLO LTD., Ares XXXIX CLO Ltd., Ares XXXVII CLO,
LTD, Ares XXXVIII CLO, LTD, ASIP Operating Manager IV, LLC, ASOF Delaware Feeder, L.P., ASOF Direct Investments (A), L.P., ASOF Investment
Management LLC, Ares Insurance Partners, L.P., Ares Insurance Solutions LLC, Aspida Holdings Ltd., Aspida Life Re Ltd., Aspida Holdings
LLC, Aspida Re (Bermuda) Ltd., Aspida Re Services Ltd., Aspida Risk Advisors, LLC, Aspida Financial Services, LLC, Aspida Life Insurance
Company, ASSF Operating Manager III, LLC, ASSF Operating Manager IV, L.P., BCG BTC III Managing Member LLC, Cal Ares Real Estate Debt
Partners, LLC, Chengdu Ares Yuanjing Equity Investment Fund L.P., Chengdu Ares Yuankang Investment Management Co Ltd, Chimney Tops Loan
Fund, LLC, CION Ares Management, LLC, COLTS 2005-1 LTD., COLTS 2005-2 LTD., Columbus Opportunity Fund, L.P., Crestline Denali Capital
LLC, Crestline Denali CLO XIV,&nbsp;Ltd., Crestline Denali CLO XV,&nbsp;Ltd., Crestline Denali CLO XVI,&nbsp;Ltd., Crestline Denali CLO
XVII,&nbsp;Ltd., Denali Capital CLO X,&nbsp;Ltd., Denali Capital CLO XI,&nbsp;Ltd., Denali Capital CLO XII,&nbsp;Ltd., EIF Calypso II
Blocker, LLC, EIF Channelview Blocker, LLC, EIF Oregon, LLC, EIF United States Power Fund IV, L.P., Emporia Preferred Funding III,&nbsp;LTD.,
Hush Lux S.a.r.l.,&nbsp;Industrial Property Advisors Sub II LLC,&nbsp;Industrial Property Advisors Sub III LLC,&nbsp;Ivy Hill Asset Management,
L.P.,&nbsp;Ivy Hill Investment Holdings, LLC,&nbsp;Ivy Hill Middle Market Credit Fund IV,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit
Fund IX, LTD,&nbsp;Ivy Hill Middle Market Credit Fund V,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund VII,&nbsp;LTD.,&nbsp;Ivy
Hill Middle Market Credit Fund VIII,&nbsp;LTD.,&nbsp;Ivy Hill Middle Market Credit Fund X, LTD,&nbsp;Ivy Hill Middle Market Credit Fund
XII, LTD, Ivy Hill Middle Market Credit Fund XIV, Ltd,&nbsp;Ivy Hill Middle Market Credit Fund XV,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market
Credit Fund XVI,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XVII,&nbsp;Ltd.,&nbsp;Ivy Hill Middle Market Credit Fund XIX,&nbsp;Ltd.,&nbsp;Ivy
Hill Middle Market Credit Fund XVIII,&nbsp;Ltd.,&nbsp;Ivy Hill Revolver Funding LP, Landmark - NYC Fund I, L.P., Landmark Co-Investment
Partners IX, L.P., Landmark Equity Advisors LLC, Landmark Equity Partners XIII, L.P., Landmark Equity Partners XIII-A, L.P., Landmark
Equity Partners XIV, L.P., Landmark Equity Partners XV, L.P., Landmark Equity Partners XVI Co-Investment Fund, L.P., Landmark Equity
Partners XVI, L.P., Landmark Equity Partners XVII Co-Investment Fund, L.P., Landmark Equity Partners XVII, L.P, Landmark Equity Partners
XVII-B, L.P., Landmark Growth Capital Partners, L.P., Landmark Hudson Partners I, L.P., Landmark IAM Growth Capital, L.P., Landmark IAM
Real Estate Partnership V, L.P., Landmark Infrastructure Partners II, L.P., Landmark Pacific Partners II, L.P., Landmark Pacific Partners,
L.P. &ndash; Series&nbsp;A, Landmark Pacific Partners, L.P. &ndash; Series&nbsp;B, Landmark Pacific Partners, L.P. &ndash; Series&nbsp;C,
Landmark Partners LLC, Landmark Partners 1907 Fund I, L.P., Landmark Partners 1907 Fund II, L.P., Landmark Partners 1907 Fund III, L.P.,
Landmark Partners Insurance Fund Series&nbsp;Interests of the SALI Multi-Series&nbsp;Fund, L.P., Landmark Private Opportunities (FG)
2021, L.P., Landmark Realty Advisors LLC, Landmark Real Estate Partners IX Co-Investment Fund, L.P., Landmark Real Estate Partners IX,
L.P., Landmark Real Estate Partners V, L.P., Landmark Real Estate Partners VI Offshore, L.P., Landmark Real Estate Partners VI, L.P.,
Landmark Real Estate Partners VII Offshore, L.P., Landmark Real Estate Partners VII OPERS Co-Investment, L.P., Landmark Real Estate Partners
VII, L.P., Landmark Real Estate Partners VIII Co-Investment Fund, L.P., Landmark Real Estate Partners VIII, L.P., Landmark Real Estate
Partners VIII-A, L.P., Landmark Real Estate Partners VIII-Campbell Co-Investment, L.P., Landmark Real Estate Partners IX-Campbell Co-Investment,
L.P., Landmark Real Estate Partners VII-IP Co-Investment, L.P., Landmark Real Estate Partners VI-OPERS Co-Investment, L.P., Landmark
Sing Co-Investment Fund I, L.P., Landmark Tig Co-Investment Fund I, L.P., Landmark TX ERS Co-Investment Fund I, L.P., Landmark TX ERS
Co-Investment Fund II, L.P., Legacy SCM Aggregator, LLC, LWFB Co-Investment Fund I, L.P., MC European Real Estate Debt Parent LP, MC
Investments Parent L.P, NCL III - Outside Opportunities B, NCL Investments II - Outside Opportunities Series&nbsp;A, NCL Investments
II - Outside Opportunities Series&nbsp;B, NCL Investments II - PE Series, NCL Investments II - RA Series, NCL Investments II - RE Series,
NCL Investments III PE Series, NCL Investments III RA Series, NCL Investments III RE Series, NCL Investments III, L.P. Outside Opportunities
Series&nbsp;A, NCL Investments, L.P. - PE Series, NCL Investments, L.P. - RA Series, NCL Investments, L.P. - RE Series, Passero 18, L.P.,
Private Debt Strategies Fund III, L.P., Private Debt Strategies Fund IV, L.P., Private Debt Strategies Fund V, L.P., Ares Management Asia (Shanghai) Limited, Spring Bridge Partners (Longshore), LP, Spring Bridge Partners (PES) Fund, LP, Spring Bridge Partners, L.P.,
SSG Capital Partners I Side Pocket, L.P.,</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>

<!-- Field: Page; Sequence: 35 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SSG Capital Partners II, L.P., SSG Capital Partners III, LP, SSG Capital
Partners IV SIDECAR, L.P., SSG Capital Partners IV, L.P., SSG Capital Partners V SIDECAR, L.P., SSG Capital Partners V, L.P., SSG Secured
Lending Opportunities I-A, L.P., SSG Secured Lending Opportunities II, L.P., United States Power Fund II, L.P., United States Power Fund
III, L.P., USPF II Institutional Fund, L.P., Wafra Venture Master Fund I, VEF Group Management, LLC</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">/s/ Miriam Krieger</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Miriam Krieger</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Authorized Person</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>

<!-- Field: Page; Sequence: 36 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">The Existing Advisers to Affiliated Funds are comprised
of the following investment advisers:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>ACIP Investment Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>ACOF Investment Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>ACOF Operating Manager II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>ACOF Operating Manager III, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>ACOF Operating Manager IV, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>ACOF Operating Manager, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>ADREX Advisor LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>AIREX Advisor LLC</TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>APSecurities Manager LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>AREA EAGLE Co-Invest Management LLC</TD></TR></TABLE>






<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>AREG Makena Management L.P.</TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>Ares Alternative Credit Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>Ares Asia Management Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>Ares ASIP VII Management, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>Ares Cactus Operating Manager, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>Ares Capital Management II LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>Ares Capital Management III LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Ares Capital Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>Ares Centre Street Management, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>Ares CIP (V)&nbsp;Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Ares CLO Management XXVII, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>Ares CLO Management II, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>Ares CLO Management IIIR/IVR, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>Ares CLO Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">y)</TD><TD>Ares CLO Management VIR, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">z)</TD><TD>Ares CLO Management VR, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aa)</TD><TD>Ares CLO Management X, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bb)</TD><TD>Ares CLO Management XI, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cc)</TD><TD>Ares CLO Management XX, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dd)</TD><TD>Ares CLO Management XXI, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ee)</TD><TD>Ares CLO Management XXIX, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ff)</TD><TD>Ares Commercial Finance Management, LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gg)</TD><TD>Ares Commercial Real Estate Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hh)</TD><TD>Ares CSF III Investment Management, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ii)</TD><TD>Ares CSF IV Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jj)</TD><TD>Ares CSF Operating Manager I, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kk)</TD><TD>Ares EIF Management, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ll)</TD><TD>Ares Enhanced Credit Opportunities Investment Management II, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mm)</TD><TD>Ares Enhanced Loan Investment Strategy Advisor IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nn)</TD><TD>Ares Enhanced Loan Management II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">oo)</TD><TD>Ares Enhanced Loan Management III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">pp)</TD><TD>Ares Enhanced Loan Management IR, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qq)</TD><TD>Ares European Loan Management LLP</TD></TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rr)</TD><TD>Ares HICOF Operating Manager, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ss)</TD><TD>Ares High Yield Strategies Fund IV Management, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">tt)</TD><TD>Ares ICOF II Management, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uu)</TD><TD>Ares ICOF III Management LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vv)</TD><TD>Ares IDF Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ww)</TD><TD>Ares Industrial Real Estate Fund GP LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xx)</TD><TD>Ares Industrial Real Estate Fund Manager LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yy)</TD><TD>Ares Institutional Structured Credit Management, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zz)</TD><TD>Ares Insurance Solutions LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaa)</TD><TD>Ares Management Limited</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbb)</TD><TD>Ares Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ccc)</TD><TD>Ares Management Luxembourg S.a.r.l.</TD></TR></TABLE>

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

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

<!-- Field: Page; Sequence: 37 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ddd)</TD><TD>Ares Management UK Limited</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eee)</TD><TD>Ares Mezzanine Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">fff)</TD><TD>Ares MSCF V (H)&nbsp;Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ggg)</TD><TD>Ares Private Account Management I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhh)</TD><TD>Ares Real Estate Management Holdings, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">iii)</TD><TD>Ares Senior Loan Trust Management L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jjj)</TD><TD>Ares SDL II Capital Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kkk)</TD><TD>Ares Management Asia (Cayman) Limited</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">lll)</TD><TD>Ares Management Asia (Australia) Pty Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mmm)</TD><TD>Ares Management Asia (Hong Kong) Limited</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nnn)</TD><TD>Ares Management Asia (Mauritius) Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ooo)</TD><TD>Ares Management Asia (Singapore) Pte. Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ppp)</TD><TD>Ares Management Asia (Thailand) Limited</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qqq)</TD><TD>Ares US Real Estate Opportunity Management, L.P.</TD></TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rrr)</TD><TD>Ares U.S. CLO Management III LLC &ndash; Series&nbsp;A</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">sss)</TD><TD>ASIP Operating Manager IV, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ttt)</TD><TD>ASOF Investment Management LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uuu)</TD><TD>ASSF Operating Manager III, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vvv)</TD><TD>ASSF Operating Manager IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">www)</TD><TD>BCG BTC III Managing Member LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xxx)</TD><TD>Chengdu Ares Yuankang Investment Management Co Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yyy)</TD><TD>CION Ares Management, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zzz)</TD><TD>Crestline Denali Capital LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaaa)</TD><TD>Industrial Property Advisors Sub II LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbbb)</TD><TD>Industrial Property Advisors Sub III LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cccc)</TD><TD>Ivy Hill Asset Management, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dddd)</TD><TD>Landmark Equity Advisors LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eeee)</TD><TD>Landmark Partners LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ffff)</TD><TD>Landmark Realty Advisors LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gggg)</TD><TD>Ares Management Asia (Shanghai) Limited</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhhh)</TD><TD>VEF Group Management, LLC</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; margin: 0pt 0; text-indent: 0.25in">The Existing Affiliated Funds
are comprised of the following groups, and all Existing Affiliated Funds are managed by Existing Advisers to Affiliated Funds:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; text-indent: 0.25in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Credit</U>:
The Ares Credit Group provides solutions for investors seeking to access a wide range of credit assets, including liquid credit, alternative
credit and direct lending products. The Credit Group capitalizes on opportunities across traded and non-traded corporate and consumer
debt across the U.S. and European markets, providing investors access to directly originated fixed and floating rate credit assets along
with the ability to capitalize on illiquidity premiums across the credit spectrum. The Credit Group offers the following credit strategies:
(i) direct lending, (ii) alternative credit and (iii) liquid credit.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.25in">&nbsp;</P>

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

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

<!-- Field: Page; Sequence: 38 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD>The direct lending strategy includes, among other entities that are
                                            currently in existence but that are not currently expected to participate in the Co-Investment
                                            Transactions, the following Existing Affiliated Funds:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>ACE III MASTER FUND, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>ARES CAPITAL CORPORATION</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>Ares Capital Europe IV (E)&nbsp;Levered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>Ares Capital Europe IV (E)&nbsp;Unlevered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>Ares Capital Europe IV (G)&nbsp;Levered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>Ares Capital Europe IV (G)&nbsp;Unlevered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>Ares Capital Europe V (E)&nbsp;Levered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>Ares Capital Europe V (E)&nbsp;Unlevered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>Ares Capital Europe V (G)&nbsp;Levered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>Ares Capital Europe V (G)&nbsp;Unlevered</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>ARES CAPITAL EUROPE, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>ARES CENTRE STREET PARTNERSHIP, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>ARES COMMERCIAL FINANCE LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>Ares Credit Investment Partnership I (V)&nbsp;L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>Ares Credit Investment Partnership II (A), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>Ares Credit Strategies Feeder III UK, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>ARES CREDIT STRATEGIES FUND III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Ares Credit Strategies Insurance Dedicated Fund - Series&nbsp;of SALI
                                            Multi Series&nbsp;Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>ARES CUSTOMIZED CREDIT FUND L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>Ares Direct Finance I LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Ares Direct Lending Opportunities LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>Ares Direct Lending Opportunities Offshore LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>Ares Direct Lending Opportunities Parallel LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>Ares European Credit Investments I (C), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">y)</TD><TD>Ares European Credit Investments II (G), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">z)</TD><TD>Ares European Credit Investments III (K), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aa)</TD><TD>Ares European Credit Investments IV (A), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bb)</TD><TD>Ares European Credit Investments V (X), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cc)</TD><TD>Ares European Credit Investments VI (N), L.P.</TD></TR>
</TABLE>

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

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

<!-- Field: Page; Sequence: 39 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dd)</TD><TD>Ares European Credit Investments VII (CP), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ee)</TD><TD>Ares European Credit Investments IX (AF), L.P.,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ff)</TD><TD>ARES EUROPEAN CREDIT STRATEGIES FUND II (B), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gg)</TD><TD>ARES EUROPEAN CREDIT STRATEGIES FUND III (A), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hh)</TD><TD>Ares European Credit Strategies Fund IV (M), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ii)</TD><TD>Ares European Credit Strategies Fund IX (C), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jj)</TD><TD>Ares European Credit Strategies Fund V (G)&nbsp;L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kk)</TD><TD>Ares European Credit Strategies Fund VI (B), LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ll)</TD><TD>Ares European Credit Strategies Fund VII (Palo Verde), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mm)</TD><TD>Ares European Credit Strategies Fund X (T), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nn)</TD><TD>Ares European Credit Strategies Fund XI (S), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">oo)</TD><TD>Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund
                                            1</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">pp)</TD><TD>Ares European Credit Strategies Fund XII (Z), SCSp RAIF - Sub-Fund
                                            2</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qq)</TD><TD>Ares Jasper Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rr)</TD><TD>ARES MEZZANINE PARTNERS, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ss)</TD><TD>Ares ND Credit Strategies Fund LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">tt)</TD><TD>Ares Private Credit Solutions (Cayman), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uu)</TD><TD>Ares Private Credit Solutions (Offshore) II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vv)</TD><TD>Ares Private Credit Solutions II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ww)</TD><TD>Ares Private Credit Solutions, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xx)</TD><TD>Ares Senior Direct Lending Master Fund Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yy)</TD><TD>Ares Senior Direct Lending Master Fund II Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zz)</TD><TD>Ares Senior Direct Lending Parallel Fund (L)&nbsp;II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaa)</TD><TD>Ares Senior Direct Lending Parallel Fund (L), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbb)</TD><TD>Ares Senior Direct Lending Parallel Fund (U)&nbsp;B, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ccc)</TD><TD>Ares Senior Direct Lending Parallel Fund (U)&nbsp;II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ddd)</TD><TD>Ares Senior Direct Lending Parallel Fund (U), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eee)</TD><TD>Ares SFERS Credit Strategies Fund LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">fff)</TD><TD>Ares Sports, Media and Entertainment Finance (Offshore), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ggg)</TD><TD>Ares Sports, Media and Entertainment Finance, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhh)</TD><TD>Ares Asia Direct Lending LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">iii)</TD><TD>Ares Strategic Income Fund</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jjj)</TD><TD>ARES UK CREDIT STRATEGIES, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kkk)</TD><TD>Chimney Tops Loan Fund, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">lll)</TD><TD>CION Ares Diversified Credit Fund</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mmm)</TD><TD>MC Investments Parent L.P</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD>The alternative credit strategy includes, among other entities that
                                            are currently in existence but that are not currently expected to participate in Co-Investment
                                            Transactions, the following Existing Affiliated Funds:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>Ares Asset-Backed Loan Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>Ares Global High Grade CLO Debt Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>Ares High Income Credit Opportunities Fund II (Master) LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>Ares High Income Credit Opportunities Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>Ares ICOF II Master Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>Ares ICOF III Fund (CAYMAN) LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>Ares ICOF III Fund (Delaware) LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>Ares Multi-Credit Fund LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>Ares Pathfinder Core Fund (Offshore), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>Ares Pathfinder Core Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>Ares Pathfinder Fund (Offshore), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>Ares Pathfinder Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>Ares Secured Income Master Fund LP</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD>The liquid credit strategy includes, among other entities that
                                            are currently in existence but that are not currently expected to participate in Co-Investment
                                            Transactions, the following Existing Affiliated Funds:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>Ares CLO Funding I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>Ares CLO Funding III LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>Ares CLO Warehouse 2021-6 Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>Ares CLO Warehouse 2021-8 Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>Ares Credit Hedge Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>Ares Diversified Credit Strategies Fund (S), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>Ares Diversified Credit Strategies Fund II (IM), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>Ares Dynamic Credit Allocation Fund, Inc.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>ARES ENHANCED CREDIT OPPORTUNITIES MASTER FUND II,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>ARES ENHANCED LOAN INVESTMENT STRATEGY II,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>ARES ENHANCED LOAN INVESTMENT STRATEGY III,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>ARES ENHANCED LOAN INVESTMENT STRATEGY IR,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>ARES EUROPEAN CLO II B.V.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>Ares European CLO IX Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>ARES EUROPEAN CLO VI Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>ARES EUROPEAN CLO VII Designated Activity Company</TD></TR>
</TABLE>

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

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

<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>Ares European CLO VIII Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Ares European CLO X Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>Ares European CLO XI Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>Ares European CLO XII Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Ares European CLO XIII Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>Ares European CLO XIV Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>Ares European CLO XV Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>Ares European CLO XVI Designated Activity Company</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">y)</TD><TD>Ares European Loan Funding II</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">z)</TD><TD>Ares European Loan Funding S.L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aa)</TD><TD>Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares European Loan Fund
                                            (G)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bb)</TD><TD>Ares Global Credit Fund S.C.A., SICAV-RAIF - Ares U.S. Loan Fund
                                            (G)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cc)</TD><TD>Ares Global Multi-Asset Credit Master Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dd)</TD><TD>ARES IIIR/IVR CLO LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ee)</TD><TD>ARES INCOME OPPORTUNITY FUND, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ff)</TD><TD>ARES INSTITUTIONAL CREDIT FUND L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gg)</TD><TD>Ares Institutional High Yield Master Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hh)</TD><TD>Ares Institutional Loan Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ii)</TD><TD>Ares L CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jj)</TD><TD>Ares LI CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kk)</TD><TD>Ares LII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ll)</TD><TD>Ares LIII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mm)</TD><TD>Ares LIV CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nn)</TD><TD>Ares LIX CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">oo)</TD><TD>Ares Loan Funding I,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">pp)</TD><TD>Ares Loan Trust 2011</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qq)</TD><TD>Ares Loan Trust 2016</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rr)</TD><TD>Ares LV CLO Ltd. (fka Ares CLO Warehouse 2018-6)</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ss)</TD><TD>Ares LVI CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">tt)</TD><TD>Ares LVII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uu)</TD><TD>Ares LVIII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vv)</TD><TD>Ares LX CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ww)</TD><TD>Ares LXI CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xx)</TD><TD>Ares LXII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yy)</TD><TD>Ares Multi-Asset Credit Strategies Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zz)</TD><TD>Ares Multi-Strategy Credit Fund V (H), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaa)</TD><TD>ARES SENIOR LOAN TRUST</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbb)</TD><TD>ARES STRATEGIC INVESTMENT PARTNERS IV</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ccc)</TD><TD>ARES VIR CLO LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ddd)</TD><TD>ARES VR CLO,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eee)</TD><TD>ARES X CLO LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">fff)</TD><TD>ARES XI CLO LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ggg)</TD><TD>Ares XL CLO Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhh)</TD><TD>Ares XLI CLO Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">iii)</TD><TD>Ares XLII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jjj)</TD><TD>Ares XLIII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kkk)</TD><TD>Ares XLIV CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">lll)</TD><TD>Ares XLIX CLO Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mmm)</TD><TD>Ares XLV CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nnn)</TD><TD>Ares XLVI CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ooo)</TD><TD>Ares XLVII CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ppp)</TD><TD>Ares XLVIII CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qqq)</TD><TD>ARES XX CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rrr)</TD><TD>ARES XXI CLO LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">sss)</TD><TD>ARES XXIX CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ttt)</TD><TD>ARES XXVII CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uuu)</TD><TD>Ares XXVIIIR CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vvv)</TD><TD>Ares XXXIIR CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">www)</TD><TD>Ares XXXIR CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xxx)</TD><TD>ARES XXXIV CLO LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yyy)</TD><TD>Ares XXXIX CLO Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zzz)</TD><TD>ARES XXXVII CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaaa)</TD><TD>ARES XXXVIII CLO LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbbb)</TD><TD>Crestline Denali CLO XIV,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cccc)</TD><TD>Crestline Denali CLO XV,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dddd)</TD><TD>Crestline Denali CLO XVI,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eeee)</TD><TD>Crestline Denali CLO XVII,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ffff)</TD><TD>Denali Capital CLO X,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gggg)</TD><TD>Denali Capital CLO XI,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhhh)</TD><TD>Denali Capital CLO XII,&nbsp;Ltd.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; text-indent: 0.25in">2.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Private Equity</U>: The Ares Private Equity Group broadly categorizes its investment strategies into corporate private equity
and special opportunities, <FONT STYLE="background-color: white">deploying capital across various market environments at attractive rates
of return through control and non-control transactions. </FONT>The Private Equity Group includes, among other entities that are currently
in existence but that are not currently expected to participate in Co-Investment Transactions, the following Existing Affiliated Funds:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>ACIP Parallel Fund A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>ACIP Apex Co-Investment, L.P.</TD></TR></TABLE>

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

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

<!-- Field: Page; Sequence: 41 -->
    <DIV STYLE="border-bottom: Black 1pt solid; margin-top: 12pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>ACOF IV ATD Co-Invest, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>AEIF Kleen Investor, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>AEIF Linden Blocker II LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>AF Energy Feeder, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>AF V APR Co-Invest, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>Ambition Holdings, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>Ares Apex Pooling, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>Ares Climate Infrastructure Partners, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>ARES CORPORATE OPPORTUNITIES FUND ASIA, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>ARES CORPORATE OPPORTUNITIES FUND II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>ARES CORPORATE OPPORTUNITIES FUND III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>ARES CORPORATE OPPORTUNITIES FUND IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>ARES CORPORATE OPPORTUNITIES FUND V, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>Ares Corporate Opportunities Fund VI Parallel (Foreign), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>Ares Corporate Opportunities Fund VI Parallel (TE), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Ares Corporate Opportunities Fund VI, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>ARES CORPORATE OPPORTUNITIES FUND, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>ARES CREDIT STRATEGIES FUND I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Ares Direct Investments (AC) LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>Ares EHP Co-Invest Holdings, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>ARES ENERGY INVESTORS FUND V, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>Ares Energy Opportunities Fund A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">y)</TD><TD>Ares Energy Opportunities Fund B, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">z)</TD><TD>Ares Energy Opportunities Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aa)</TD><TD>Ares EPIC Co-Invest II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bb)</TD><TD>Ares EPIC Co-Invest, L.P.</TD></TR></TABLE>




<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cc)</TD><TD>Ares PA Opportunities Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dd)</TD><TD>Ares PBN Finance Co. LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ee)</TD><TD>Ares PE Extended Value Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ff)</TD><TD>Ares PG Co-Invest L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gg)</TD><TD>Ares Private Opportunities (CP), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hh)</TD><TD>Ares Private Opportunities (NYC), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ii)</TD><TD>Ares Private Opportunities 2020 (C), LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jj)</TD><TD>Ares RF Co-Invest (H), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kk)</TD><TD>Ares RF Co-Invest, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ll)</TD><TD>Ares RLG Co-Invest Holdings, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mm)</TD><TD>Ares SCM Co-Invest III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nn)</TD><TD>Ares Special Opportunities Fund (Offshore), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">oo)</TD><TD>Ares Special Opportunities Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">pp)</TD><TD>Ares Special Opportunities Fund II (Jersey A) L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qq)</TD><TD>Ares Special Opportunities Fund II (Jersey) L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rr)</TD><TD>Ares Special Opportunities Fund II (Offshore), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ss)</TD><TD>Ares Special Opportunities Fund II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">tt)</TD><TD>ARES SPECIAL SITUATIONS FUND III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uu)</TD><TD>ARES SPECIAL SITUATIONS FUND IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vv)</TD><TD>Ares SSG Capital Partners VI, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ww)</TD><TD>Ares SSG Excelsior Co-Investment, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xx)</TD><TD>ARES SSG SECURED LENDING OPPORTUNITIES III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yy)</TD><TD>Ares VAL Co-Invest Holdings I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zz)</TD><TD>Ares VAL Co-Invest Holdings II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaa)</TD><TD>ASOF Delaware Feeder, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbb)</TD><TD>ASOF Direct Investments (A), L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ccc)</TD><TD>Chengdu Ares Yuanjing Equity Investment Fund L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ddd)</TD><TD>EIF CALYPSO II BLOCKER, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eee)</TD><TD>EIF CHANNELVIEW BLOCKER, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">fff)</TD><TD>EIF OREGON, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ggg)</TD><TD>EIF UNITED STATES POWER FUND IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhh)</TD><TD>Legacy SCM Aggregator, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">iii)</TD><TD>SSG CAPITAL PARTNERS I SIDE POCKET, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jjj)</TD><TD>SSG CAPITAL PARTNERS II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kkk)</TD><TD>SSG CAPITAL PARTNERS III, LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">lll)</TD><TD>SSG CAPITAL PARTNERS IV SIDECAR, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mmm)</TD><TD>SSG CAPITAL PARTNERS IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nnn)</TD><TD>SSG CAPITAL PARTNERS V SIDECAR, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ooo)</TD><TD>SSG CAPITAL PARTNERS V, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ppp)</TD><TD>SSG SECURED LENDING OPPORTUNITIES I-A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qqq)</TD><TD>SSG SECURED LENDING OPPORTUNITIES II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rrr)</TD><TD>UNITED STATES POWER FUND II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">sss)</TD><TD>UNITED STATES POWER FUND III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ttt)</TD><TD>USPF II INSTITUTIONAL FUND, L.P.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: 0.25in">&nbsp;</P>

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

<!-- Field: Page; Sequence: 42 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; text-indent: 0.25in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Real Assets:</U> Ares Real Assets Group manages equity and debt strategies across real estate and infrastructure investments
through several vehicles, including U.S. and European real estate equity closed-end funds, diversified commingled funds, a U.S. real
estate equity, open-end industrial-focused commingled fund, U.S. real estate debt open-end commingled funds, real estate equity and real
estate debt separately managed accounts, non-traded REITs, and a publicly traded commercial mortgage REIT. The Real Assets Group includes,
among other entities that are currently in existence but that are not currently expected to participate in Co-Investment Transactions,
the following Existing Affiliated Funds:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: 0.25in">&nbsp;</P>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>AEPEP III N Strategic Co-Invest, L.P.</TD></TR></TABLE>










<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>AREG AC Makena Holdings LLC</TD></TR></TABLE>












<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>AREG Iberian Residential Co-Invest Vehicle SCSp</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>AREG Kennedy Co-Invest S.C.A.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>AREG LPKC Partners, L.P.</TD></TR></TABLE>






<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>Ares Commercial Real Estate Corporation</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>Ares European Property Enhancement Parallel Partners III SCSp</TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>Ares European Property Enhancement Partners III SCSp</TD></TR></TABLE>











<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>Ares European Real Estate Fund VI SCSp</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>Ares Ground Lease Partners, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>Ares Industrial Real Estate Fund LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>Ares Midway Partners, L.P.</TD></TR>
</TABLE>

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

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

<!-- Field: Page; Sequence: 43 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>Ares Pan-European Logistics Partnership, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>Ares Real Estate Enhanced Income Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>Ares Real Estate Secured Income Fund, L.P.</TD></TR></TABLE>







<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>Ares US Real Estate Fund X, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>Ares US Real Estate Fund X-A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Ares US Real Estate Fund X-B, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>Ares US Real Estate Opportunity Fund III, L.P.</TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>Ares US Real Estate Opportunity Parallel Fund III-A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Ares US Real Estate Opportunity Parallel Fund III-B, L.P.</TD></TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>Ares Real Estate Income Trust Inc.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>Ares Diversified Real Estate Exchange LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>Ares Industrial Real Estate Exchange LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">y)</TD><TD>Ares Industrial Real Estate Income Trust Inc.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">z)</TD><TD>Ares Industrial Real Estate Income Trust Inc. - Build-To-Core Industrial
                                            Partnership I LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aa)</TD><TD>Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial
                                            Partnership II LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bb)</TD><TD>Ares Industrial Real Estate Income Trust Inc.- Build-To-Core Industrial
                                            Partnership III LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cc)</TD><TD>Cal Ares Real Estate Debt Partners, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dd)</TD><TD>Hush Lux S.a.r.l.</TD></TR></TABLE>


<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ee)</TD><TD>MC EUROPEAN REAL ESTATE DEBT PARENT LP</TD></TR>
                                                                                                                      </TABLE>


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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; text-indent: 0.25in">4.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Secondaries</U>: The Ares Secondaries Group generally invests in secondary markets across a range of alternative asset class
strategies, including private equity, real estate and infrastructure. The Secondaries Group includes, among other entities that are currently
in existence but that are not currently expected to participate in Co-Investment Transactions, the following Existing Affiliated Funds:</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>Ares Private Markets Fund</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>Columbus Opportunity Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>Landmark - NYC Fund I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>Landmark Co-Investment Partners IX, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>Landmark Equity Partners XIII, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>Landmark Equity Partners XIII-A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>Landmark Equity Partners XIV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>Landmark Equity Partners XV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>Landmark Equity Partners XVI Co-Investment Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>Landmark Equity Partners XVI, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>Landmark Equity Partners XVII Co-Investment Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>Landmark Equity Partners XVII, L.P</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>Landmark Equity Partners XVII-B, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>Landmark Growth Capital Partners, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>Landmark Hudson Partners I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>Landmark IAM Growth Capital, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>Landmark IAM Real Estate Partnership V, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Landmark Infrastructure Partners II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>Landmark Pacific Partners II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>Landmark Pacific Partners, L.P. &ndash; Series&nbsp;A</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Landmark Pacific Partners, L.P. &ndash; Series&nbsp;B</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>Landmark Pacific Partners, L.P. &ndash; Series&nbsp;C</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>Landmark Partners 1907 Fund I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>Landmark Partners 1907 Fund II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">y)</TD><TD>Landmark Partners 1907 Fund III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">z)</TD><TD>Landmark Partners Insurance Fund Series&nbsp;Interests of the SALI
                                            Multi-Series&nbsp;Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aa)</TD><TD>Landmark Private Opportunities (FG) 2021, L.P.</TD></TR>
</TABLE>

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

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

<!-- Field: Page; Sequence: 44 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bb)</TD><TD>Landmark Real Estate Partners IX Co-Investment Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">cc)</TD><TD>Landmark Real Estate Partners IX, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">dd)</TD><TD>Landmark Real Estate Partners V, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ee)</TD><TD>Landmark Real Estate Partners VI Offshore, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ff)</TD><TD>Landmark Real Estate Partners VI, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">gg)</TD><TD>Landmark Real Estate Partners VII Offshore, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hh)</TD><TD>Landmark Real Estate Partners VII OPERS Co-Investment, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ii)</TD><TD>Landmark Real Estate Partners VII, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jj)</TD><TD>Landmark Real Estate Partners VIII Co-Investment Fund, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kk)</TD><TD>Landmark Real Estate Partners VIII, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ll)</TD><TD>Landmark Real Estate Partners VIII-A, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">mm)</TD><TD>Landmark Real Estate Partners VIII-Campbell Co-Investment, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">nn)</TD><TD>Landmark Real Estate Partners IX-Campbell Co-Investment, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">oo)</TD><TD>Landmark Real Estate Partners VII-IP Co-Investment, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">pp)</TD><TD>Landmark Real Estate Partners VI-OPERS Co-Investment, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">qq)</TD><TD>Landmark Sing Co-Investment Fund I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">rr)</TD><TD>Landmark Tig Co-Investment Fund I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ss)</TD><TD>Landmark TX ERS Co-Investment Fund I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">tt)</TD><TD>Landmark TX ERS Co-Investment Fund II, L.P.,</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">uu)</TD><TD>LWFB CO-INVESTMENT FUND I, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">vv)</TD><TD>NCL III - Outside Opportunities B</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ww)</TD><TD>NCL INVESTMENTS II - OUTSIDE OPPORTUNITIES SERIES A</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">xx)</TD><TD>NCL INVESTMENTS II - OUTSIDE OPPORTUNITIES SERIES B</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">yy)</TD><TD>NCL Investments II - PE Series</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">zz)</TD><TD>NCL Investments II - RA Series</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">aaa)</TD><TD>NCL Investments II &ndash; RE Series</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">bbb)</TD><TD>NCL Investments III PE Series</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ccc)</TD><TD>NCL Investments III RA Series</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ddd)</TD><TD>NCL Investments III RE Series</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">eee)</TD><TD>NCL Investments III, L.P. Outside Opportunities Series&nbsp;A</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">fff)</TD><TD>NCL INVESTMENTS, L.P. - PE SERIES</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">ggg)</TD><TD>NCL INVESTMENTS, L.P. - RA SERIES</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">hhh)</TD><TD>NCL INVESTMENTS, L.P. - RE SERIES</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">iii)</TD><TD>PASSERO 18, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">jjj)</TD><TD>SPRING BRIDGE PARTNERS (LONGSHORE), LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">kkk)</TD><TD>SPRING BRIDGE PARTNERS (PES) FUND, LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">lll)</TD><TD>SPRING BRIDGE PARTNERS, L.P.</TD></TR>
<TR STYLE="vertical-align: top">
<TD></TD><TD>mmm)</TD><TD>Wafra Venture Master Fund I</TD></TR></TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0; margin-bottom: 0pt; text-align: left; text-indent: 0.25in">5.<FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Aspida</U>: Aspida Holdings Ltd. (together with its successor entities, &ldquo;Aspida Holdings&rdquo;) engages in the insurance
business through wholly owned subsidiary insurance companies and insurance-related businesses, some organized in countries other than
the United States and some in the United States. Aspida invests most of its assets in securities, including investments in debt issued
by private companies. Aspida includes, among other entities that are currently in existence but that are not currently expected to participate
in Co-Investment Transactions, the following Existing Affiliated Funds:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 41.1pt 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD STYLE="padding-right: 41.1pt">Ares Insurance Partners, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD STYLE="padding-right: 41.1pt">Ares Insurance Solutions LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD STYLE="padding-right: 41.1pt">Aspida Holdings Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD STYLE="padding-right: 41.1pt">Aspida Life Re Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD STYLE="padding-right: 41.1pt">Aspida Holdings LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD STYLE="padding-right: 41.1pt">Aspida Re (Bermuda) Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD STYLE="padding-right: 41.1pt">Aspida Re Services Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD STYLE="padding-right: 41.1pt">Aspida Risk Advisors, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD STYLE="padding-right: 41.1pt">Aspida Financial Services, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD STYLE="padding-right: 41.1pt">Aspida Life Insurance Company</TD></TR></TABLE>

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

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

<!-- Field: Page; Sequence: 45 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-align: right">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Existing Downstream Ivy Hill Funds are each managed by Ivy Hill and include, among other entities that are currently in existence but
that are not currently expected to participate in Co-Investment Transactions, the following entities:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">a)</TD><TD>AMERICAN CAPITAL EQUITY I, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">b)</TD><TD>AMERICAN CAPITAL EQUITY II, LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">c)</TD><TD>ARES PRIVATE DEBT STRATEGIES FUND II, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">d)</TD><TD>COLTS 2005-1 LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">e)</TD><TD>COLTS 2005-2 LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">f)</TD><TD>EMPORIA PREFERRED FUNDING III,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">g)</TD><TD>IVY HILL INVESTMENT HOLDINGS, LLC</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">h)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND IV,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">i)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND IX, LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">j)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND V,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">k)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND VII,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">l)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND VIII,&nbsp;LTD.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">m)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND X, LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">n)</TD><TD>IVY HILL MIDDLE MARKET CREDIT FUND XII, LTD</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">o)</TD><TD>Ivy Hill Middle Market Credit Fund XIV, Ltd</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">p)</TD><TD>Ivy Hill Middle Market Credit Fund XV,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">q)</TD><TD>Ivy Hill Middle Market Credit Fund XVI,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">r)</TD><TD>Ivy Hill Middle Market Credit Fund XVII,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">s)</TD><TD>Ivy Hill Middle Market Credit Fund XVIII,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">t)</TD><TD>Ivy Hill Middle Market Credit Fund XIX,&nbsp;Ltd.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">u)</TD><TD>Ivy Hill Revolver Funding LP</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">v)</TD><TD>PRIVATE DEBT STRATEGIES FUND III, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">w)</TD><TD>PRIVATE DEBT STRATEGIES FUND IV, L.P.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in">x)</TD><TD>PRIVATE DEBT STRATEGIES FUND V, L.P.</TD></TR></TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

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

<!-- Field: Page; Sequence: 46 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>APPENDIX C</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>Resolutions of the Board of Directors of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ares Capital Corporation</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, BE IT RESOLVED</B></FONT>, that the officers (the &quot;<U>Officers</U>&quot;) of Ares Capital Corporation (the &quot;<U>Corporation</U>&quot;)
be, and they hereby are, authorized, empowered and directed, in the name and on behalf of the Corporation, to cause to be prepared, executed,
delivered and filed with the Securities and Exchange Commission (the &quot;<U>Commission</U>&quot;) an application for an order pursuant
to Section&nbsp;57(i)&nbsp;of the Investment Company Act and Rule&nbsp;17d-l promulgated under the Investment Company Act of 1940 (an
 &quot;<U>Application</U>&quot;), to authorize the entering into of certain joint transactions and co-investments by the Corporation with
certain entities which may be deemed to be &quot;affiliates&quot; of the Corporation pursuant to the provisions of the Investment Company
Act of 1940, which such joint transactions and co-investments would otherwise be prohibited by Section&nbsp;57(a)(4)&nbsp;of the Investment
Company Act of 1940, and to do such other acts or things and execute such other documents as they deem necessary or desirable to cause
such application to comply with the Investment Company Act of 1940 and the rules&nbsp;and regulations promulgated thereunder, in such
form and accompanied by such exhibits and other documents, as the Officer or Officers preparing the same shall approve, such approval
to be conclusively evidenced by the filing of the Application;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Co-Investment Policy of the Corporation will be amended, substantially in a form restating the conditions
set forth in Section&nbsp;V of the Application and as finally approved by the Commission, upon final approval of the Application by the
Commission, in all respects as a policy of the Corporation and the Officers be, and they hereby are, authorized, empowered and directed,
in the name and on behalf of the Corporation, to take such action as they shall deem necessary or desirable to formalize such amended
policies and procedures, in such form as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced
by the taking of any such action;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them acting alone hereby is, authorized and directed to file such additional Applications
as such officers, in their sole discretion, shall deem necessary or desirable in order for the Corporation to accomplish its investment
objective; and</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them hereby is, authorized, empowered and directed, in the name and on behalf of
the Corporation, to perform all of the agreements and obligations of the Corporation in connection with the foregoing resolutions and
to consummate the transactions contemplated thereby, to take or cause to be taken any and all further actions, to execute and deliver,
or cause to be executed and delivered, all other documents, instruments, agreements, undertakings, and certificates of any kind and nature
whatsoever, to incur and pay all fees and expenses and to engage such persons as the Officer or Officers may determine to be necessary,
advisable or appropriate to effectuate or carry out the purposes and intent of the foregoing resolutions, and the execution by the Officer
or Officers of any such documents, instruments, agreements, undertakings and certificates, the payment of any fees and expenses or the
engagement of such persons or the taking by them of any action in connection with the foregoing matters shall conclusively establish
the Officer's or Officers' authority therefor and the authorization, acceptance, adoption, ratification, approval and confirmation by
the Corporation thereof.</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">(Adopted at a meeting held on February&nbsp;2, 2023)</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>

<!-- Field: Page; Sequence: 47 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ares Dynamic Credit Allocation Fund,&nbsp;Inc.</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, BE IT RESOLVED</B></FONT>, that the officers (the &quot;<U>Officers</U>&quot;) of Ares Dynamic Credit Allocation Fund,&nbsp;Inc.
(the &quot;<U>Fund</U>&quot;) be, and they hereby are, authorized, empowered and directed, in the name and on behalf of the Fund, to
cause to be prepared, executed, delivered and filed with the Securities and Exchange Commission (the &quot;<U>Commission</U>&quot;) an
application for an order pursuant to Section&nbsp;57(i)&nbsp;of the Investment Company Act and Rule&nbsp;17d-l promulgated under the
Investment Company Act of 1940 (an &quot;<U>Application</U>&quot;), to authorize the entering into of certain joint transactions and
co-investments by the Fund with certain entities which may be deemed to be &quot;affiliates&quot; of the Fund pursuant to the provisions
of the Investment Company Act of 1940, which such joint transactions and co-investments would otherwise be prohibited by Section&nbsp;57(a)(4)&nbsp;of
the Investment Company Act of 1940, and to do such other acts or things and execute such other documents as they deem necessary or desirable
to cause such application to comply with the Investment Company Act of 1940 and the rules&nbsp;and regulations promulgated thereunder,
in such form and accompanied by such exhibits and other documents, as the Officer or Officers preparing the same shall approve, such
approval to be conclusively evidenced by the filing of the Application;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that a Co-Investment Policy substantially in a form restating the conditions set forth in Section&nbsp;V of the Application
as finally approved by the Commission is hereby approved and will be adopted, upon final approval of the Application by the Commission,
in all respects as a policy of the Fund and the Officers be, and they hereby are, authorized, empowered and directed, in the name and
on behalf of the Fund, to take such action as they shall deem necessary or desirable to formalize such policies and streamline the approval
process for co-investment transactions with affiliates of the Fund, in such form as the Officer or Officers preparing the same shall
approve, such approval to be conclusively evidenced by the taking of any such action;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them acting alone hereby is, authorized and directed to file such additional Applications
as such officers, in their sole discretion, shall deem necessary or desirable in order for the Fund to accomplish its investment objective;
and</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them hereby is, authorized, empowered and directed, in the name and on behalf of
the Fund, to perform all of the agreements and obligations of the Fund in connection with the foregoing resolutions and to consummate
the transactions contemplated thereby, to take or cause to be taken any and all further actions, to execute and deliver, or cause to
be executed and delivered, all other documents, instruments, agreements, undertakings, and certificates of any kind and nature whatsoever,
to incur and pay all fees and expenses and to engage such persons as the Officer or Officers may determine to be necessary, advisable
or appropriate to effectuate or carry out the purposes and intent of the foregoing resolutions, and the execution by the Officer or Officers
of any such documents, instruments, agreements, undertakings and certificates, the payment of any fees and expenses or the engagement
of such persons or the taking by them of any action in connection with the foregoing matters shall conclusively establish the Officer's
or Officers' authority therefor and the authorization, acceptance, adoption, ratification, approval and confirmation by the Fund thereof.</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">(Adopted at a meeting held on February&nbsp;28, 2023)</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>

<!-- Field: Page; Sequence: 48 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><B>CION Ares Diversified
Credit Fund</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, BE IT RESOLVED</B></FONT>, that the officers (the &quot;<U>Officers</U>&quot;) of CION Ares Diversified Credit Fund (the &quot;<U>Fund</U>&quot;)
be, and they hereby are, authorized, empowered and directed, in the name and on behalf of the Fund, to cause to be prepared, executed,
delivered and filed with the Securities and Exchange Commission (the &quot;<U>Commission</U>&quot;) an application for an order pursuant
to Section&nbsp;57(i)&nbsp;of the Investment Company Act and Rule&nbsp;17d-l promulgated under the Investment Company Act of 1940 (an
 &quot;<U>Application</U>&quot;), to authorize the entering into of certain joint transactions and co-investments by the Fund with certain
entities which may be deemed to be &quot;affiliates&quot; of the Fund pursuant to the provisions of the Investment Company Act of 1940,
which such joint transactions and co-investments would otherwise be prohibited by Section&nbsp;57(a)(4)&nbsp;of the Investment Company
Act of 1940, and to do such other acts or things and execute such other documents as they deem necessary or desirable to cause such application
to comply with the Investment Company Act of 1940 and the rules&nbsp;and regulations promulgated thereunder, in such form and accompanied
by such exhibits and other documents, as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced
by the filing of the Application;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Co-Investment Policy of the Fund will be amended, substantially in a form restating the conditions set forth
in Section&nbsp;V of the Application and as finally approved by the Commission, upon final approval of the Application by the Commission,
in all respects as a policy of the Fund and the Officers be, and they hereby are, authorized, empowered and directed, in the name and
on behalf of the Fund, to take such action as they shall deem necessary or desirable to formalize such amended policies and procedures,
in such form as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced by the taking of
any such action;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them acting alone hereby is, authorized and directed to file such additional Applications
as such officers, in their sole discretion, shall deem necessary or desirable in order for the Fund to accomplish its investment objective;
and</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them hereby is, authorized, empowered and directed, in the name and on behalf of
the Fund, to perform all of the agreements and obligations of the Fund in connection with the foregoing resolutions and to consummate
the transactions contemplated thereby, to take or cause to be taken any and all further actions, to execute and deliver, or cause to
be executed and delivered, all other documents, instruments, agreements, undertakings, and certificates of any kind and nature whatsoever,
to incur and pay all fees and expenses and to engage such persons as the Officer or Officers may determine to be necessary, advisable
or appropriate to effectuate or carry out the purposes and intent of the foregoing resolutions, and the execution by the Officer or Officers
of any such documents, instruments, agreements, undertakings and certificates, the payment of any fees and expenses or the engagement
of such persons or the taking by them of any action in connection with the foregoing matters shall conclusively establish the Officer's
or Officers' authority therefor and the authorization, acceptance, adoption, ratification, approval and confirmation by the Fund thereof.</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">(Adopted at a meeting held on February&nbsp;28, 2023)</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>

<!-- Field: Page; Sequence: 49 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ares Private Markets Fund</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, BE IT RESOLVED</B></FONT>, that the officers (the &quot;<U>Officers</U>&quot;) of Ares Private Markets Fund (the &quot;<U>Fund</U>&quot;)
be, and they hereby are, authorized, empowered and directed, in the name and on behalf of the Fund, to cause to be prepared, executed,
delivered and filed with the Securities and Exchange Commission (the &quot;<U>Commission</U>&quot;) an application for an order pursuant
to Section&nbsp;57(i)&nbsp;of the Investment Company Act and Rule&nbsp;17d-l promulgated under the Investment Company Act of 1940 (an
 &quot;<U>Application</U>&quot;), to authorize the entering into of certain joint transactions and co-investments by the Fund with certain
entities which may be deemed to be &quot;affiliates&quot; of the Fund pursuant to the provisions of the Investment Company Act of 1940,
which such joint transactions and co-investments would otherwise be prohibited by Section&nbsp;57(a)(4)&nbsp;of the Investment Company
Act of 1940, and to do such other acts or things and execute such other documents as they deem necessary or desirable to cause such application
to comply with the Investment Company Act of 1940 and the rules&nbsp;and regulations promulgated thereunder, in such form and accompanied
by such exhibits and other documents, as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced
by the filing of the Application;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Co-Investment Policy of the Fund will be amended, substantially in a form restating the conditions set forth
in Section&nbsp;V of the Application and as finally approved by the Commission, upon final approval of the Application by the Commission,
in all respects as a policy of the Fund and the Officers be, and they hereby are, authorized, empowered and directed, in the name and
on behalf of the Fund, to take such action as they shall deem necessary or desirable to formalize such amended policies and procedures,
in such form as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced by the taking of
any such action;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them acting alone hereby is, authorized and directed to file such additional Applications
as such officers, in their sole discretion, shall deem necessary or desirable in order for the Fund to accomplish its investment objective;
and</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them hereby is, authorized, empowered and directed, in the name and on behalf of
the Fund, to perform all of the agreements and obligations of the Fund in connection with the foregoing resolutions and to consummate
the transactions contemplated thereby, to take or cause to be taken any and all further actions, to execute and deliver, or cause to
be executed and delivered, all other documents, instruments, agreements, undertakings, and certificates of any kind and nature whatsoever,
to incur and pay all fees and expenses and to engage such persons as the Officer or Officers may determine to be necessary, advisable
or appropriate to effectuate or carry out the purposes and intent of the foregoing resolutions, and the execution by the Officer or Officers
of any such documents, instruments, agreements, undertakings and certificates, the payment of any fees and expenses or the engagement
of such persons or the taking by them of any action in connection with the foregoing matters shall conclusively establish the Officer's
or Officers' authority therefor and the authorization, acceptance, adoption, ratification, approval and confirmation by the Fund thereof.</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">(Adopted at a meeting held on February&nbsp;27, 2023)</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>

<!-- Field: Page; Sequence: 50 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <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>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Ares Strategic Income Fund</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>NOW,
THEREFORE, BE IT RESOLVED</B></FONT>, that the officers (the &quot;<U>Officers</U>&quot;) of Ares Strategic Income Fund (the &quot;<U>Fund</U>&quot;)
be, and they hereby are, authorized, empowered and directed, in the name and on behalf of the Fund, to cause to be prepared, executed,
delivered and filed with the Securities and Exchange Commission (the &quot;<U>Commission</U>&quot;) an application for an order pursuant
to Section&nbsp;57(i)&nbsp;of the Investment Company Act and Rule&nbsp;17d-l promulgated under the Investment Company Act of 1940 (an
 &quot;<U>Application</U>&quot;), to authorize the entering into of certain joint transactions and co-investments by the Fund with certain
entities which may be deemed to be &quot;affiliates&quot; of the Fund pursuant to the provisions of the Investment Company Act of 1940,
which such joint transactions and co-investments would otherwise be prohibited by Section&nbsp;57(a)(4)&nbsp;of the Investment Company
Act of 1940, and to do such other acts or things and execute such other documents as they deem necessary or desirable to cause such application
to comply with the Investment Company Act of 1940 and the rules&nbsp;and regulations promulgated thereunder, in such form and accompanied
by such exhibits and other documents, as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced
by the filing of the Application;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Co-Investment Policy of the Fund will be amended, substantially in a form restating the conditions set forth
in Section&nbsp;V of the Application and as finally approved by the Commission, upon final approval of the Application by the Commission,
in all respects as a policy of the Fund and the Officers be, and they hereby are, authorized, empowered and directed, in the name and
on behalf of the Fund, to take such action as they shall deem necessary or desirable to formalize such amended policies and procedures,
in such form as the Officer or Officers preparing the same shall approve, such approval to be conclusively evidenced by the taking of
any such action;</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them acting alone hereby is, authorized and directed to file such additional Applications
as such officers, in their sole discretion, shall deem necessary or desirable in order for the Fund to accomplish its investment objective;
and</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-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESOLVED
FURTHER</B></FONT>, that the Officers be, and each of them hereby is, authorized, empowered and directed, in the name and on behalf of
the Fund, to perform all of the agreements and obligations of the Fund in connection with the foregoing resolutions and to consummate
the transactions contemplated thereby, to take or cause to be taken any and all further actions, to execute and deliver, or cause to
be executed and delivered, all other documents, instruments, agreements, undertakings, and certificates of any kind and nature whatsoever,
to incur and pay all fees and expenses and to engage such persons as the Officer or Officers may determine to be necessary, advisable
or appropriate to effectuate or carry out the purposes and intent of the foregoing resolutions, and the execution by the Officer or Officers
of any such documents, instruments, agreements, undertakings and certificates, the payment of any fees and expenses or the engagement
of such persons or the taking by them of any action in connection with the foregoing matters shall conclusively establish the Officer's
or Officers' authority therefor and the authorization, acceptance, adoption, ratification, approval and confirmation by the Fund thereof.</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">(Adopted at a meeting held on February&nbsp;10, 2023)</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>

<!-- Field: Page; Sequence: 51; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>tm236932d1_coverimg002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tm236932d1_coverimg002.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1$$17AI9@  34T *@    @ ! $[  (
M   3   (2H=I  0    !   (7IR=  $    F   0UNH<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 %)A:F5N9')A
M;BP@2V%A<G1H:0    60 P "    %   $*R0!  "    %   $,"2D0 "
M S(Y  "2D@ "     S(Y  #J'  '   (#   "*      '.H    (
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                               R,#(S.C W.C W(#$P.C,U.C$Y #(P
M,C,Z,#<Z,#<@,3 Z,S4Z,3D   !2 &$ :@!E &X 9 !R &$ ;@ L "  2P!A
M &$ <@!T &@ :0   /_A"R5H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C O
M #P_>'!A8VME="!B96=I;CTG[[N_)R!I9#TG5S5-,$UP0V5H:4AZ<F53>DY4
M8WIK8SED)S\^#0H\>#IX;7!M971A('AM;&YS.G@](F%D;V)E.FYS.FUE=&$O
M(CX\<F1F.E)$1B!X;6QN<SIR9&8](FAT=' Z+R]W=W<N=S,N;W)G+S$Y.3DO
M,#(O,C(M<F1F+7-Y;G1A>"UN<R,B/CQR9&8Z1&5S8W)I<'1I;VX@<F1F.F%B
M;W5T/2)U=6ED.F9A9C5B9&0U+6)A,V0M,3%D82UA9#,Q+60S,V0W-3$X,F8Q
M8B(@>&UL;G,Z9&,](FAT=' Z+R]P=7)L+F]R9R]D8R]E;&5M96YT<R\Q+C$O
M(B\^/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](G5U:60Z9F%F-6)D9#4M
M8F$S9"TQ,61A+6%D,S$M9#,S9#<U,3@R9C%B(B!X;6QN<SIX;7 ](FAT=' Z
M+R]N<RYA9&]B92YC;VTO>&%P+S$N,"\B/CQX;7 Z0W)E871E1&%T93XR,#(S
M+3 W+3 W5#$P.C,U.C$Y+C(Y,SPO>&UP.D-R96%T941A=&4^/"]R9&8Z1&5S
M8W)I<'1I;VX^/')D9CI$97-C<FEP=&EO;B!R9&8Z86)O=70](G5U:60Z9F%F
M-6)D9#4M8F$S9"TQ,61A+6%D,S$M9#,S9#<U,3@R9C%B(B!X;6QN<SID8STB
M:'1T<#HO+W!U<FPN;W)G+V1C+V5L96UE;G1S+S$N,2\B/CQD8SIC<F5A=&]R
M/CQR9&8Z4V5Q('AM;&YS.G)D9CTB:'1T<#HO+W=W=RYW,RYO<F<O,3DY.2\P
M,B\R,BUR9&8M<WEN=&%X+6YS(R(^/')D9CIL:3Y286IE;F1R86XL($MA87)T
M:&D\+W)D9CIL:3X\+W)D9CI397$^#0H)"0D\+V1C.F-R96%T;W(^/"]R9&8Z
M1&5S8W)I<'1I;VX^/"]R9&8Z4D1&/CPO>#IX;7!M971A/@T*(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @"B @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" *(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @( H@(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @
M(" @(" @(" @(" @(" @(" @(" @(" @(" @(" @"B @(" @(" @(" @(" @
M(" @(" @(" @(" @(" \/WAP86-K970@96YD/2=W)S\^_]L 0P '!04&!00'
M!@4&" <'" H1"PH)"0H5#Q ,$1@5&AD8%1@7&QXG(1L=)1T7&"(N(B4H*2LL
M*QH@+S,O*C(G*BLJ_]L 0P$'" @*"0H4"PL4*AP8'"HJ*BHJ*BHJ*BHJ*BHJ
M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ_\  $0@ *0$0
M P$B  (1 0,1 ?_$ !\   $% 0$! 0$!           ! @,$!08'" D*"__$
M +40  (! P,"! ,%!00$   !?0$" P $$042(3%!!A-180<B<10R@9&A""-"
ML<$54M'P)#-B<H()"A87&!D:)28G*"DJ-#4V-S@Y.D-$149'2$E*4U155E=8
M65IC9&5F9VAI:G-T=79W>'EZ@X2%AH>(B8J2DY25EI>8F9JBHZ2EIJ>HJ:JR
ML[2UMK>XN;K"P\3%QL?(R<K2T]35UM?8V=KAXN/DY>;GZ.GJ\?+S]/7V]_CY
M^O_$ !\!  ,! 0$! 0$! 0$        ! @,$!08'" D*"__$ +41  (! @0$
M P0'!00$  $"=P ! @,1! 4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)R
MT0H6)#3A)?$7&!D:)B<H*2HU-C<X.3I#1$5&1TA)2E-455976%E:8V1E9F=H
M:6IS='5V=WAY>H*#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BY
MNL+#Q,7&Q\C)RM+3U-76U]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_:  P# 0 "
M$0,1 #\ ]5^*'Q(G^'-MI,\6BIJBZC<FV.Z\\CRFP"O\#9!Y],8[YJ7QU\0I
MO">L:#HVE:3'K.KZU,8X[,7GDF-1_P M"=C?+UR2!T)[''$_M,?\@/PK_P!A
MI/\ T$TWX5ZFY^,WBR#QXGD^,YBJVP)'E&T49"0^V,,>Y'/4-0!V/C'XDW?A
M7QOX;\-Q:'#>R:\P19C?&,0MN"MD>4<@9!SQGT%4_%?Q2U?0OBA9>"=)\*1Z
MM>7]K]IMI6U00!E <L"#&0,>4_?GCUKG/BS_ ,EZ^&?_ %\M_P"AI5?QQ)=P
M_M<>%)-.MX[F[309FAADE\M9'\N\PI;!VY/?!H [;PY\3IK_ ,=-X.\5>'IO
M#VMM;_:+>-KE;B*Y09SLD &> 3T_A8<$8+M1^)4^G_&C3? +:(K#4;<W$>H&
M[QA DC']WLZYB8?>KCOA5<O\2/B)J'C/Q/.MOKF@[M.AT6*,JMBIW N2<EF.
M9%SQT/; &+\6GUR/]I;07\)I')K*^'9C:+)T+;+OI_M8SC/&<9XS0!ZE%X_N
MK[XL7'@[2=%6\MK&!9K_ %0715;4L,B,KY>"YRN &[G^Z<0Z5\2)]3^,FK>
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M_P"26>%/^P+9_P#HA* ,GQ3\1;GP[\2/#_A.#14O3K8RMT;SR_) )W$IL.<
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4@ HHHH **** "BBB@ HHHH __]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
