The investment objective of the Fund is to provide exposure to an investment in Ares Strategic Income Fund ("ASIF" or the “Master Fund”), a Delaware statutory trust that seeks to invest primarily in originated loans and other securities, including broadly syndicated loans, of private middle market U.S. companies, to generate current income and, to a lesser extent, long-term capital appreciation.
Initial: $10,000
Subsequent: $5,000
| Inception Date | Dec 15, 2023 |
|---|---|
| Fundserv Asset Class | Alternative Investment |
| Fundserv Codes | Purchase: ATL5113 Redemption: ATL5116 |
| Management Fee | N/A |
| Management Fee Waiver | -0.25% |
| Management Fee after Waiver | 0.25% |
| Fixed Administration Fee | N/A |
| NAV Currency | CAD |
| Valuation Frequency | Monthly |
| Dealer Risk Classification | High |
| Permitted Account Type | Non-registered account only |
| Custodian | CIBC Mellon |
| Fiscal Year End | December 31st |
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, 2023, Ares’ global platform had approximately $395 billion of assets under management, with approximately 2,800 employees4 operating across North America, Europe, Asia Pacific and the Middle East.
Mitch Goldstein
Partner and Co-Head of the Ares Credit Group; Co-Chief Executive Officer of Ares Strategic Income Fund
Mitch Goldstein serves on the Ares Executive Management Committee and is the Co-President of Ares Capital Corporation, Co-Chief Executive Officer of Ares Strategic Income Fund and Vice President and interested trustee of CION Ares Diversified Credit Fund. He is a member of Ares Credit Group’s U.S. Direct Lending, Commercial Finance, Pathfinder and the Ivy Hill Asset Management Investment Committees, the Ares Infrastructure Debt Investment Committee, and the Ares Asia Direct Lending (Australia) Investment Committee.
Mr. Goldstein graduated summa cum laude from the State University of New York at Binghamton with a B.S. in Accounting and received an M.B.A. from Columbia University's Graduate School of Business.
Michael Smith
Partner and Co-Head of the Ares Credit Group; Co-Chief Executive Officer of Ares Strategic Income Fund
Michael Smith serves as Co-Chief Executive Officer of Ares Strategic Income Fund. He serves on the Ares Executive Management Committee. Additionally, he serves as a Director of Ares Capital Corporation and previously served as Co-President of Ares Capital Corporation from July 2014 to October 2022 and Executive Vice President from May 2013 to July 2014.
He is a member of the Ares Credit Group’s U.S. Direct Lending and Commercial Finance Investment Committees, the Ivy Hill Asset Management Investment Committee, the Ares Private Equity Group’s Special Opportunities Investment Committee, the Ares Secondaries Group’s Private Equity Investment Committee, and the Ares Infrastructure Group’s Infrastructure Opportunities, Climate Infrastructure Partners and Infrastructure Debt Investment Committees.
Mr. Smith received a B.S. in Business Administrations from the University of Notre Dame and a Masters in Management from Northwestern University’s Kellogg Graduate School of Management.
| 3 mo | 6 mo | YTD | 1 yr | 3 yrs | 5 yrs | 10 yrs | Since Inception |
|---|---|---|---|---|---|---|---|
| N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Due to securities regulation, performance is not available until one year post inception.
As at: 05/31/2024
This material is provided for general informational purposes only and does not constitute financial, investment, tax, legal or accounting advice nor does it constitute an offer or solicitation to buy or sell any securities referred to. The fund is a prospectus exempt fund and is not subject to the same regulatory requirements as publicly offered investment funds offered by way of prospectus. This material does not form part of an offering document and does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities of the fund. Any such offer or solicitation may only be made through, and in accordance with, the terms of the subscription agreement and confidential offering memorandum of the fund (collectively, the “Offering Document”), and the constating documents of the fund.
Any information or discussion about the current characteristics of this fund or how the portfolio manager is managing the fund is not a discussion about material investment objectives or strategies, but solely a discussion of the current characteristics or manner of fulfilling the investment objectives and strategies, and is subject to change without notice. The material and/or its contents may not be reproduced without the express written consent of CIBC Asset Management Inc.
