Ares Capital Management, an affiliate of Ares Management Corporation (“Ares”), serves as an investment advisor to ASIF. Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, private equity, real estate and infrastructure asset classes. As of September 30, 2025, Ares’ global platform had approximately $596 billion of assets under management, with approximately 4,200 employees³ operating across North America, Europe, Asia Pacific and the Middle East.