Over the last 20 years, Ares’ success has been driven by our people and our culture. Today, our team is guided by our core values – Collaborative, Responsible, Entrepreneurial, Self-Aware, Trustworthy – and our purpose to be a catalyst for shared prosperity and a better future. Through our recruitment, career development and employee-focused programming, we are committed to fostering a welcoming and inclusive work environment where high-performance talent of diverse backgrounds, experiences, and perspectives can build careers within this exciting and growing industry.

Job Description

2026 Summer Internship Program Application

Application Closes Sunday, January 19th, 2025

Eligibility and Responsibilities

Ares is currently searching for self-motivated, detail-oriented, astute individuals to join our summer intern program. We seek individuals with intellectual curiosity, a growth mindset, critical thinking skills, initiative, and financial acumen. Below are the criteria we consider:

• Anticipated graduation date between December 2026 and August 2027
• Currently enrolled as an undergraduate student, ideally majoring in field related to Finance, Business Administration, or Economics
• Have a track record of academic excellence and participation in campus activities
• Knowledge of finance and accounting is a plus but not required. We are primarily looking for general aptitude and willingness to learn
• Superior oral and written communication skills
• Novice to intermediate Microsoft Excel skills
• Exceptional attention to detail and proven ability to multi-task
• Initiative and a strong entrepreneurial mindset
• The ability to research solutions and be a problem solver
• Looking to complete a 10-week summer internship

Responsibilities can include:

• Understanding and executing the due diligence process
• Collaborating with other members of the deal teams
• Designing, building and updating integrated financial models using Excel and other tools
• Developing and providing investment recommendations and preparing investment committee memos
• Understanding industry research, trends and drivers
• Conducting market research for investment opportunities in the pipeline
• Interfacing with portfolio companies, management teams, third party diligence providers, and other external partners
• Fund-level management and reporting
• Supporting deal teams with structuring, underwriting and closing equity and debt investments across diverse industries
• Business group specific tasks

Participating Groups and Locations

PLEASE NOTE: You can only interview and end up interning with one of our business groups that participate in the summer intern program. As part of the application, we’ll ask for your business group preference as well as your location preference.

Please thoroughly review below for group descriptions and take note of their available location(s)

Credit

Direct Lending (Chicago, Los Angeles, New York)

Financing to middle-market corporate borrowers across a range of industries, as well as project finance, vendor finance and commercial finance (asset-based and cash flow loans to small and middle-market companies). We are a long-term, value oriented direct lender, targeting companies with a history of stable cash flows, demonstrated competitive advantages and experienced management teams. We place a high priority on market-leading companies with identifiable growth prospects that we believe can generate significant free cash flow.

Opportunistic Credit (Los Angeles)

We seek to invest in middle market companies that need flexible capital solutions, primarily in the form of debt and preferred equity and to a lesser extent, common equity. We partner with healthy, stressed and distressed companies across North America and Europe, operating in the void between traditional senior private debt and private equity. We seek to consistently invest in private market opportunities and, when deemed attractive, flex into stressed public markets, often seeking to leverage a public investment into a private follow-on opportunity. The team is industry agnostic and pursues investments where it believes it can identify attractive risk-adjusted returns. We seek to leverage the resources and relationships of the Ares platform in order to provide sponsor-owned and non-sponsored-owned companies with partnership-oriented, flexible-capital solutions. We believe our solutions can offer the flexibility and capital for (i) healthy companies to play offense (e.g., M&A, capex) and (ii) stressed or distressed companies to play defense (e.g., improving cash flows, reducing leverage).

Specialty Healthcare (New York)

This is an innovative healthcare team within the Ares Credit business. This is an exciting opportunity to join a growing team that is passionate about healthcare and investing. The Specialty Healthcare Credit team offers a small team environment with support from the overall Ares credit platform.

Private Equity

Ares Corporate Opportunities Fund (Los Angeles)

Our Private Equity Group seeks attractive risk-adjusted investment returns for a diversified and growing group of high-profile limited partners and has approximately $24.5 billion of assets under management via its Corporate Opportunities, APAC Private Equity and other strategies as of September 30, 2024. The Private Equity Group primarily offers significant influence or control-oriented capital solutions to companies in North America, Europe and Asia Pacific. Our investment professionals have demonstrated an ability to actively deploy capital in a disciplined manner in both benign and dislocated market environments. Our teams focus on helping drive shared long-term success for our portfolio companies, limited partners and shareholders, while also emphasizing strong downside protection. Our flagship corporate opportunities strategy seeks to invest in high-quality middle market companies in our core industries - Healthcare, Services, Industrials and Consumer - across North America and Europe, where we can utilize our extensive growth-oriented investing experience and our proprietary Value Creation System to generate predictable alpha across market environments.

Real Estate

Debt (New York, Los Angeles)

Our real estate debt team directly originates and invests in a wide range of self-originated financing opportunities for owners and operators of U.S. commercial real estate. In addition to managing private funds, we make investments through a specialty finance company, ACRE, primarily focused on directly originating, managing and servicing a diversified portfolio of commercial real estate ("CRE") debt-related investments. Our Real Estate Debt team focuses on directly originating loans using its extensive national relationships with various owner-operators, sponsors and intermediaries of real estate properties. We seek to provide flexible financing across a potential borrower’s capital structure. While we focus on self-originated transactions, we will also selectively pursue secondary market acquisitions and club/syndicated transactions.

Equity (Atlanta, Denver, Los Angeles, New York)

Our real estate equity team has extensive geographic, sector and structuring experience with approximately 240 investment professionals across 19 offices in the United States and Europe primarily investing in well-leased assets, assets with value creation opportunities, select developments and/or complex situations. As of September 30, 2024, our real estate equity team managed approximately $41.9 billion in assets under management across approximately 408 investments in complementary strategies to meet investor objectives across cycles.

Infrastructure

Debt (New York)

Ares Infrastructure Debt sources global assets and businesses with defensive characteristics across the digital, transport, energy and utility sectors. Through 21+ years of industry experience, we have established long standing relationships allowing us to seek to generate exclusive deal flow and high-quality investment opportunities. Our structuring experience helps enhance cash yield and reduce downside risks in a core asset class. Our 10+ years' track record, rigorous due-diligence and robust risk management processes mean that we strive to achieve stable risk-adjusted investment returns throughout volatile markets.

Secondaries

Infrastructure (Dallas, New York)

Launched in 2014, our Infrastructure Secondaries strategy seeks to accelerate the benefits of traditional infrastructure by providing diversified low risk exposure through preferred structure, traditional limited partnership and GP-led continuation vehicle transactions. We believe our tenured secondaries infrastructure investment team has specialized experience across the capital structure with diversified underwriting experience spanning various infrastructure sub-sectors. Our infrastructure secondaries program capitalizes on synergies with our private equity and real estate programs and leverages the depth and experience of our Quantitative Research Group to bolster our deployment activities. This, combined with the breadth of the Ares Infrastructure Debt and Equity platforms, creates a scale that can provide significant sourcing, diligence and execution edges.

Private Equity (New York)

The Ares Secondaries Group launched one of the market’s first private equity secondaries funds in 1990 and has continued to be one of the pioneers in the secondaries market. Our Private Equity Secondaries strategy maintains a differentiated investment approach that utilizes our internal research processes to help provide customized transaction solutions to institutional investors and fund sponsors. We provide LP-led, GP-led and structured secondary solutions with a long-term and demonstrated performance history for our clients and partners. Our ability to be a thought partner with our counterparties and our use of innovative structures enhances our ability to underwrite investment opportunities as we seek to generate attractive risk-adjusted returns.

Real Estate (Boston)

Our Real Estate Secondaries strategy has a demonstrated history of innovation through bespoke transaction solutions tailored to meet the needs of limited partners and general partners alike. We are generally recognized as originating the first significant transaction in the secondary market for private real estate funds in 1996. Since completing this large scale institutional real estate secondary transaction, we have positioned ourselves to capitalize on inefficiencies in the secondary market, through the development of a well-tenured dedicated investment team, in-house research, cross-platform resources and an extensive network across investor and fund sponsor communities. The cornerstone of our investment philosophy seeks to generate attractive risk-adjusted returns while creating a high degree of diversification across resilient real estate sectors and partnerships.

Ares Firm Overview

Ares Management Corporation (“Ares” or the “Firm”) is a publicly traded, leading global alternative asset manager with approximately $447 billion of assets under management ("AUM") and approximately 2,950 employees. We seek to deliver attractive performance to our investor base across our investment groups and strategies, including credit, private equity, real estate and strategic initiatives. The firm is headquartered in Los Angeles with offices across the United States, Europe, Asia and Australia. Its common shares are traded on the New York Stock Exchange under the ticker symbol "ARES".

Ares believes each of its investment groups is a market leader based on assets under management and investment performance. Our three distinct but complementary investment groups have the ability to invest across a company’s capital structure—from senior debt to common equity. The Firm was built upon the fundamental principle that each group benefits from being part of the broader platform. We believe the synergies from this multi-asset strategy provide our professionals with insights into industry trends, access to significant deal flow and the ability to assess relative value.

Since our inception in 1997, we have adhered to a disciplined investment philosophy that focuses on delivering compelling risk-adjusted investment returns throughout market cycles. We strive to maintain a consistent credit-based approach in targeting well-structured investments in high quality businesses and real estate assets. We believe our growth in becoming one of the largest alternative asset managers is a testament to our experienced management team, focus on performance and high-quality investor base, which includes large pension funds, university endowments, sovereign wealth funds, banks and insurance companies.

Reporting Relationships

Compensation

Applications will be accepted on an ongoing basis until the search is no longer active.