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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1176948	Ares Management Lp	ARES	Investment Advice (6282)	954656677

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1304465	Bennett Rosenthal	2000 Avenue Of The Stars 12Th Floor Los Angeles CA 90067	Co-Founder & Partner	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Units	Acquisiton	2015-11-27	5,993	$14.15	109,645	No	4	P	Indirect	By The Bennett and Allison Rosenthal Family Trust Dtd 4/29/11
Common Units	Acquisiton	2015-12-01	7,329	$14.14	116,974	No	4	P	Indirect	By The Bennett and Allison Rosenthal Family Trust Dtd 4/29/11

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By The Bennett and Allison Rosenthal Family Trust Dtd 4/29/11
No	4	P	Indirect	By The Bennett and Allison Rosenthal Family Trust Dtd 4/29/11

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Units	3,355,052	Indirect	By Ares Owners Holdings L.P.

Footnotes

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $14.10 to $14.20, inclusive. The Reporting Person undertakes to provide Ares Management, L.P., any security holder of Ares Management, L.P. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.
In addition to Common Units, the Reporting Person owns 10,421,596 Ares Operating Group Units, which are exchangeable for Common Units on a one-for-one basis (subject to the terms of an exchange agreement)
The reporting person or a vehicle controlled by him is a limited partner in Ares Owners Holdings L.P. ("AOH"), the direct holder of the common units representing limited partner interests (the "Common Units") of the Issuer. The Common Units indirectly held by the reporting person or the vehicle are the number of Common Units that he or the vehicle has a right to receive as a limited partner in AOH.