Private company

ARES STRATEGIC INCOME FUND

ARES STRATEGIC INCOME FUND is an investment fund registered in the United States, active since 2022.2 It is headquartered in New York, United States.2

Last updated Oct 20, 2026.

Overview

$781.6MNet income, fiscal 20253
  • HeadquartersNew York, United States2
  • Incorporated inNY4
  • Business address245 Park Ave, 44Th Floor, New York, Ny 100674
  • Filer categoryNon-accelerated filer4
  • Legal formBusiness Trust2
  • Kind of organizationInvestment fund2
  • LEI549300IANZJVZPTICV542
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O UNITED AGENT GROUP INC., 19803 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 66768632

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We are externally managed by Ares Capital Management LLC (“Ares Capital Management” or our “investment adviser”), a subsidiary of Ares Management Corporation (“Ares Management” or “Ares”), a publicly traded, leading global alternative investment manager, pursuant to our investment advisory and management agreement. Ares Operations LLC (“Ares Operations” or our “administrator”), a subsidiary of Ares Management, provides certain administrative and other services necessary for us to operate.6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.4%Return on equity3
1.06×Debt to equity3

Financial statements

Net income3$781.6M in 2025+731% since 2023
0$200.0M$400.0M$600.0M$800.0M2023: $94.0M$94.0M20232024: $406.1M$406.1M2024+332%2025: $781.6M$781.6M2025+92%
Fiscal year2022202320242025
Interest$24.8M3$141.5M3$478.0M3
Income tax$03$03$115.0K3
Net income$94.0M3$406.1M3$781.6M3

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Corporate structure

ARES STRATEGIC INCOME FUND sits at the top of its group. 21 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ARES STRATEGIC INCOME FUND

  • PARTNERS CAPITAL INVESTMENT GROUP, LLP Filed SCHEDULE 13G/A on ARES STRATEGIC INCOME FUND, latest Feb 14, 2025 (3 filings since Feb 6, 2024)
  • Cliffwater LLC Filed SC 13G on ARES STRATEGIC INCOME FUND, latest Jan 10, 2023
  • ARES STRATEGIC INCOME FUND New York, New York, United States
    • ADLP CLO I Ltd. Subsidiary · Cayman Islands
    • ADLP DE LLC Subsidiary · Delaware, United States
    • ADLP Finco A LLC Subsidiary · Delaware, United States
    • ADLP Finco B LLC Subsidiary · Delaware, United States
    • ADLP Finco C Ltd. Subsidiary · Cayman Islands
    • ADLP Holdings Inc. Subsidiary · Delaware, United States
    • Ares Dino HoldCo 2 Sarl Subsidiary · Luxembourg
    • Ares Dino TopCo 2 Sarl Subsidiary · Luxembourg
    • Ares Direct Lending CLO 3 LLC Subsidiary · Delaware, United States
    • Ares Direct Lending CLO 5 LLC Subsidiary · Delaware, United States
    • Ares Direct Lending CLO 8 LLC Subsidiary · Delaware, United States
    • Ares Strategic Investments Luxembourg Sarl Subsidiary · Luxembourg
    • ASIF Cayman Holdings Ltd. Subsidiary · Cayman Islands
    • ASIF Equity I LLC Subsidiary · Delaware, United States
    • ASIF Equity II LLC Subsidiary · Delaware, United States
    • ASIF FIN LLC Subsidiary · Delaware, United States
    • ASIF Funding I, LLC Subsidiary · Delaware, United States
    • ASIF Funding II, LLC Subsidiary · Delaware, United States
    • ASIF Funding III, LLC Subsidiary · Delaware, United States
    • ASIF Holdings Inc. Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ARES STRATEGIC INCOME FUND reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$304.7M3 Dec 31, 2025$165.8M3 Dec 31, 2024+83.8%

Properties, in its own words

We do not own any real estate or other physical properties materially important to our operation. Our headquarters are currently located at 245 Park Avenue, 44th Floor, New York, New York 10167 and are provided by our administrator or one of its affiliates in accordance with the terms of the administration agreement.

Item 2 of the 10-K filed Mar 9, 2026.6

Leadership

Who has led ARES STRATEGIC INCOME FUND, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Scott C. Lem2023

Chief operating officer

  1. Jana Markowicz2023
2025
Board members and other officers (7)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Executive OfficerLISA C. MORGAN named Nov 22, 202222
  • Executive Officer, DirectorMICHAEL L. SMITH named Nov 22, 202222
  • Executive Officer, DirectorMITCHELL GOLDSTEIN named Nov 22, 202222
  • Executive OfficerNASEEM F. SAGATI AGHILI named Nov 22, 202222
  • Executive OfficerPENNI F. ROLL named Nov 22, 202222
  • DirectorANN R. TORRE BATES named Nov 22, 202222
  • DirectorERIC B. SIEGEL named Nov 22, 202222

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ADLP CLO I Ltd. CAYMAN ISLANDS5
  • ADLP DE LLC DELAWARE5
  • ADLP Finco A LLC DELAWARE5
  • ADLP Finco B LLC DELAWARE5
  • ADLP Finco C Ltd. CAYMAN ISLANDS5
  • ADLP Holdings Inc. DELAWARE5
  • ADLP Sarl LUXEMBOURG5
  • ASIF Cayman Holdings Ltd. CAYMAN ISLANDS5
  • ASIF Equity I LLC DELAWARE5
  • ASIF Equity II LLC DELAWARE5
  • ASIF FIN LLC DELAWARE5
  • ASIF Funding I, LLC DELAWARE5
  • ASIF Funding II, LLC DELAWARE5
  • ASIF Funding III, LLC DELAWARE5
  • ASIF Holdings Inc. DELAWARE5
  • Ares Dino HoldCo 2 Sarl LUXEMBOURG5
  • Ares Dino TopCo 2 Sarl LUXEMBOURG5
  • Ares Direct Lending CLO 3 LLC DELAWARE5
  • Ares Direct Lending CLO 5 LLC DELAWARE5
  • Ares Direct Lending CLO 8 LLC DELAWARE5
  • Ares Strategic Investments Luxembourg Sarl LUXEMBOURG5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Oct 2, 20268-K Other events23
  2. Sep 22, 20268-K Unregistered sale of shares; Other events24
  3. Aug 19, 20268-K Unregistered sale of shares; Other events25
  4. Aug 4, 20268-K Results of operations26
  5. Jul 24, 20268-K Other events27
  6. Jul 21, 20268-K Unregistered sale of shares; Other events28
  7. Jun 26, 20268-K Other events29
  8. Jun 23, 20268-K Unregistered sale of shares; Other events30
  9. Jun 18, 20268-K New debt or obligation31
  10. May 26, 20268-K Entered a material agreement; New debt or obligation32
  11. May 19, 20268-K Unregistered sale of shares; Other events33
  12. Apr 21, 20268-K Unregistered sale of shares; Other events34
  13. Mar 15, 2022Founded ARES STRATEGIC INCOME FUND is founded2

Calendar

When it reported results

  1. Aug 4, 2026Reported quarterly or annual results26

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

337 filings to the SEC since October 2021: 3 annual reports, 11 quarterly reports, 86 major events, 17 insider forms, 4 large holders, 1 private raises, 215 other. The latest 20:

  1. Oct 2, 2026424B3 EDGAR
  2. Oct 2, 20268-K EDGAR
  3. Sep 25, 2026SC TO-I/A EDGAR
  4. Sep 24, 202640-17G EDGAR
  5. Sep 24, 2026SC TO-I/A EDGAR
  6. Sep 22, 2026424B3 EDGAR
  7. Sep 22, 20268-K EDGAR
  8. Aug 20, 2026SC TO-I EDGAR
  9. Aug 19, 2026424B3 EDGAR
  10. Aug 19, 20268-K EDGAR
  11. Aug 7, 2026424B3 EDGAR
  12. Aug 7, 202610-Q EDGAR
  13. Aug 4, 20268-K EDGAR
  14. Jul 28, 2026SC TO-I/A EDGAR
  15. Jul 24, 20268-K EDGAR
  16. Jul 21, 2026424B3 EDGAR
  17. Jul 21, 20268-K EDGAR
  18. Jul 2, 2026424B3 EDGAR
  19. Jun 26, 20268-K EDGAR
  20. Jun 26, 2026SC TO-I/A EDGAR

The 337 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Dec 21, 2023Bates Ann TorreDirectorBuy18,498$27.03$500.0KForm 4
Sep 20, 2023Goldstein Mitchell STrustee and Co-CEOBuy184,638$27.08$5.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Nov 22, 2022Filed a private offering of equity Form D: named in the filing: PENNI F. ROLL, ERIC B. SIEGEL, SCOTT C. LEM, ANN R. TORRE BATES, NASEEM F. SAGATI AGHILI, STEVEN B. MCKEEVER Form D

SEC filer profile

How ARES STRATEGIC INCOME FUND is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARARES STRATEGIC INCOME FUND1
  • CIK0001918712
  • Employer ID (EIN)88-64324686
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Business address245 Park Ave, 44Th Floor, New York, NY 100671
  • Phone212-710-21911
  • Shares outstanding319,004,000 Class I Shares shares; 49,114,107 Class S Shares shares; 31,432,628 Class D Shares shares as of Mar 6, 20266
  • Public float$0 as of Dec 31, 20253
  • AuditorKPMG LLP, Los Angeles, California PCAOB ID 185; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceApr 5, 20221
  • Filings351 in all: 424B3 (100), 8-K (86), POS EX (34), SC TO-I/A (17), 3 (15), SC TO-I (12), 10-Q (11), 40-APP/A (9)1
    All 34 form types

    DEFA14A (7), CORRESP (6), N-2/A (6), 40-17G (5), N-14 8C/A (4), 10-K (3), 40-APP (3), ARS (3), DEF 14A (3), EFFECT (3), N-2 (3), SCHEDULE 13G/A (3), 4 (2), 486BPOS (2), N-14 8C (2), SC 13G (2), 486APOS (1), 8-A12G (1), APP NTC (1), APP ORDR (1), D (1), DEL AM (1), DRS (1), N-54A (1), N-6F (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 9, 2026
    Quarterly report (10-Q) Aug 7, 2026
    Proxy statement (DEF 14A) Apr 3, 2026
    Latest 8-K (8-K) Oct 2, 2026

Risk factors and legal proceedings

The risks ARES STRATEGIC INCOME FUND names in Item 1A of its 10-K filed Mar 9, 2026: 73 risks under these headings, as written.6

  • RISKS RELATING TO OUR BUSINESS AND STRUCTURE
  • Our board of trustees may change our operating policies and strategies without prior notice or shareholder approval, the effects of which may be adverse to our results of operations and financial condition.
  • Our board of trustees may amend our Declaration of Trust without prior shareholder approval.
  • The capital markets may experience periods of disruption and instability. Such market conditions may materially and adversely affect the debt and equity capital markets, which may have a negative impact on our business and operations.
  • We are exposed to risks associated with changes in interest rates, including the current interest rate environment.
  • Inflation has impacted and may in the future adversely affect our business, results of operations and the financial condition of our portfolio companies.
  • A failure on our part to maintain our status as a BDC may significantly reduce our operating flexibility.
  • We are dependent upon certain key personnel of Ares for our future success and upon their access to other Ares investment professionals.
  • Our financial condition and results of operations depend on our ability to manage future growth effectively.
  • Our ability to grow depends on our ability to raise capital.
  • Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.
  • The requirement that we invest a sufficient portion of our assets in Qualifying Assets could preclude us from investing in accordance with our current business strategy; conversely, the failure to invest a sufficient portion of our assets in Qualifying Assets could result in our failure to maintain our status as a BDC.
The other 62 risks
  • We borrow money, which magnifies the potential for gain or loss on amounts invested and may increase the risk of investing in us.
  • We are subject to a 150% asset coverage ratio.
  • In addition to regulatory requirements that restrict our ability to raise capital, the Credit Facilities, the Debt Securitizations and the Unsecured Notes contain various covenants that, if not complied with, could accelerate
  • repayment under the Credit Facilities, the Debt Securitizations and the Unsecured Notes, thereby materially and adversely affecting our liquidity, financial condition and results of operations.
  • We have formed and invested in and may in the future form or invest in CLOs, which subject us to certain structured financing risks.
  • We operate in a highly competitive market for investment opportunities.
  • We may have difficulty sourcing investment opportunities.
  • Our ability to enter into transactions with our affiliates is restricted.
  • There are significant potential conflicts of interest that could impact our investment returns.
  • We may be subject to additional corporate-level income taxes if we fail to maintain our status as a RIC.
  • We may have difficulty paying our required distributions under applicable tax rules if we recognize income before or without receiving cash representing such income.
  • Most of our portfolio investments are not publicly traded and, as a result, the fair value of these investments may not be readily determinable.
  • The lack of liquidity in our investments may adversely affect our business.
  • Our financial condition and results of operations could be negatively affected if a significant investment fails to perform as expected.
  • Increasing scrutiny from stakeholders and regulators with respect to sustainability—or ESG—matters may impose additional costs and expose us to additional risks.
  • New and evolving and sometimes conflicting sustainability/ESG regulations and disclosure expectations could increase our compliance costs and expose us to enforcement, litigation, or fundraising constraints.
  • Climate change and related transition and physical risks could adversely affect our operations and those of our portfolio companies and increase costs (including insurance costs).
  • We, our executive officers, trustees, and our investment adviser, its affiliates and/or any of their respective principals and employees could be the target of litigation or regulatory investigations.
  • Changes in laws or regulations governing our operations or the operations of our portfolio companies, changes in the interpretation thereof or enacted laws or regulations could require changes to certain business practices of us or our portfolio companies, negatively impact the operations, cash flows or financial condition of us or our portfolio companies, impose additional costs on us or our portfolio companies or otherwise adversely affect our business or the business of our portfolio companies.
  • Changes to United States tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, harm us.
  • Our investment adviser’s liability is limited under the investment advisory and management agreement, and we are required to indemnify our investment adviser against certain liabilities, which may lead our investment adviser to act in a riskier manner on our behalf than it would when acting for its own account.
  • We may be obligated to pay our investment adviser certain fees even if we incur a loss.
  • As a public company, we are subject to regulations not applicable to private companies, such as provisions of the Sarbanes-Oxley Act. Efforts to comply with such regulations will involve significant expenditures, and non-compliance with such regulations may adversely affect us.
  • We may not be able to obtain and maintain all required state licenses.
  • Compliance with the SEC’s Regulation Best Interest may negatively impact our ability to raise capital in any offerings, which would harm our ability to achieve our investment objective.
  • Our Declaration of Trust includes exclusive forum and jury trial waiver provisions that could limit a shareholder’s ability to bring a claim or, if such provisions are deemed inapplicable or unenforceable by a court, may cause us to incur additional costs associated with such action.
  • We are highly dependent on the information systems of Ares Management and operational risks including systems failures could significantly disrupt our business, result in losses or limit our growth, which may, in turn, negatively affect the NAV of our Common Shares and our ability to pay distributions.
  • RISKS RELATING TO OUR INVESTMENTS
  • Declines in market prices and liquidity in the corporate debt markets can result in significant net unrealized depreciation of our portfolio, which in turn would reduce our NAV.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Investments in privately held middle-market companies involve significant risks.
  • Our debt investments may be risky and we could lose all or part of our investment.
  • Investments in equity securities, many of which are illiquid with no readily available market, involve a substantial degree of risk.
  • We may be subject to risks associated with broadly syndicated loans.
  • There may be circumstances in which our debt investments could be subordinated to claims of other creditors or we could be subject to lender liability claims.
  • Our portfolio companies may incur debt or issue equity securities that rank equally with, or senior to, our investments in such companies.
  • When we are a debt or minority equity investor in a portfolio company, we are often not in a position to exert influence on the entity, and other equity holders and management of the company may make decisions that could decrease the value of our investment in such portfolio company.
  • Our portfolio companies may be highly leveraged.
  • Our investments in Stressed Issuers may be considered speculative in nature and highly risky.
  • Our investment adviser’s fee structure may create an incentive for it to make certain investments on our behalf, including speculative investments.
  • Our investments in foreign companies or investments denominated in foreign currencies may involve significant risks in addition to the risks inherent in U.S. and U.S. dollar denominated investments.
  • We may expose ourselves to risks if we engage in hedging transactions.
  • As a BDC, we are permitted to enter into unfunded commitment agreements, and, if we fail to meet certain requirements, we will be required to treat such unfunded commitments as derivative transactions, subject to leverage limitations, which may limit our ability to use derivatives and/or enter into certain other financial contracts.
  • RISKS RELATING TO AN INVESTMENT IN OUR COMMON SHARES
  • Our distributions to shareholders may be funded from expense reimbursements or waivers of investment advisory fees that are subject to repayment pursuant to our Expense Support and Conditional Reimbursement Agreement.
  • We have not established any limit on the amount of funds we may use from available sources, such as borrowings, if any, or proceeds from any offerings, to fund distributions (which may reduce the amount of capital we ultimately invest in assets).
  • Although we have a share repurchase program, we have discretion to not repurchase Common Shares, and our board of trustees has the ability to amend, suspend or terminate the share repurchase program.
  • The timing of our repurchase offers pursuant to our share repurchase program may be at a time that is disadvantageous to our common shareholders.
  • If we are unable to raise substantial funds, then we will be more limited in the number and type of investments we may make, our expenses may be higher relative to our total assets, and the value of shareholders’ investment in us may be reduced in the event our assets under-perform.
  • We may in the future determine to issue preferred shares, which could adversely affect the holders of our Common Shares.
  • Terms relating to redemption may materially adversely affect returns on any debt securities that we may issue.
  • Our Common Shares have limited liquidity.
  • Certain investors will be subject to Exchange Act filing requirements.
  • Special considerations for certain benefit plan investors.
  • There is a risk that investors in our Common Shares may not receive distributions or that our distributions may not grow over time and that investors in any debt securities we issue may not receive all of the interest income to which they are entitled.
  • The NAV of our Common Shares, and liquidity, if any, of the market for our Common Shares may fluctuate significantly.
  • Our common shareholders will experience dilution in their ownership percentage if they do not opt into our distribution reinvestment plan.
  • Our future credit ratings may not reflect all risks of an investment in our debt securities.
  • GENERAL RISK FACTORS
  • Difficult market and political conditions may adversely affect our businesses in many ways, including by reducing the value or hampering the performance of our investments or reducing our ability to raise or deploy capital, each of which could have a significant adverse effect on our business, financial condition and results of operations.
  • We may experience fluctuations in our quarterly results.
  • Security incidents or cyber-attacks, affecting us or our third-party service providers, could adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential, personal or other sensitive information and/or damage to our business relationships or reputation, any of which could negatively impact our business, financial condition and operating results.
  • Technological developments in artificial intelligence could disrupt the markets in which we operate and subject us toincreased competition, legal and regulatory risks and compliance costs.
  • We are subject to numerous privacy laws, and violation of such laws may subject us to significant fines or penalties, litigation, or reputational damage, and new privacy laws or changes in enforcement of existing privacy laws could impact our business and financial performance.
  • Ineffective internal controls could impact our business and operating results.

Legal proceedings

From time to time, we, our executive officers, trustees and our investment adviser, its affiliates and/or any of their respective principals and employees are subject to legal proceedings, including those arising from our investments in our portfolio companies, and we may, as a result, incur significant costs and expenses in connection with such legal proceedings.

We and our investment adviser are also subject to extensive regulation, which, from time to time, results in requests for information from us or our investment adviser or legal or regulatory proceedings or investigations against us or our investment adviser. We incur significant costs and expenses in connection with any such proceedings, information requests and investigations.

The opening of Item 3, Legal Proceedings.6

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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