Joel Holsinger Appointed Co-Chair of the Ares Charitable Foundation
Ares Management Corporation (NYSE:ARES) ('Ares') announced today that Joel Holsinger, Partner and Co-Head of Ares' Alternative Credit strategy, was appointed to the Board of Directors of the Ares Charitable Foundation (the 'Ares Foundation') to serve as Co-Chair alongside current Chair, Michael Arougheti, Chief Executive Officer of Ares.
Since its launch in 2021, the Ares Foundation has committed more than $66 million to a global portfolio of nonprofit organizations to help people access the knowledge, resources and opportunities needed to chart pathways to self-sufficiency and drive strong local economies. To do so, the Ares Foundation awards grants and funds initiatives that strive to help individuals train and reskill for quality jobs, launch and scale businesses, and build personal financial knowledge so that they achieve economic mobility.
The Ares Foundation's funding approach was initially inspired by Ares Alternative Credit's Pathfinder family of funds, for which Ares and the funds' portfolio managers have pledged to donate at least 5 to 10% of the performance fees earned to support global health and education charities. Today, 24 Ares funds have committed up to 5% of their annualized, realized net performance income to enable the Ares Foundation's work.
'I am pleased to welcome Joel as Co-Chair of the Ares Foundation, adding his deep passion for charitable giving and his exceptional investing acumen to our efforts,' said Mr. Arougheti. 'Given his role in spearheading the Alternative Credit team's charitable tie-in initiative and his extensive experience working first-hand with non-profit organizations to help improve people's lives, we are confident that his leadership will help accelerate our long-term objectives.'
'I joined Ares with a personal commitment – and the unwavering support of Ares' leadership – to align our investing activity with a greater purpose,' said Mr. Holsinger. 'Since then, the Ares Foundation has enabled us to expand the Firm's charitable giving and inspire more of our team members in their work and personal lives. I am deeply humbled to join the Ares Foundation Board as we continue to deliver on our objective to create more access and opportunity for people around the world.'
'Joel has championed and staunchly supported our mission since the Ares Foundation launched four years ago,' said Michelle Armstrong, President of the Ares Foundation. 'He had foresight to encourage a charitable tie-in with the Firm's investment activities, and that model has helped provide durable funding for the Ares Foundation's efforts to address some of society's most pressing challenges. His personal philanthropic ethos coupled with his respected leadership will no doubt help advance our strategic grantmaking and initiatives, and we look forward to partnering with him to increase our global reach and impact.'
About the Ares Charitable Foundation
The Ares Charitable Foundation (the 'Ares Foundation)' envisions a world in which people have access to the knowledge, resources and opportunities needed to help chart pathways to self-sufficiency and drive strong local economies. Established in 2021 as a 501(c)(3) qualifying organization of Ares Management Corporation ('Ares' or the 'Firm'), we strive to advance economic mobility by helping people prepare and reskill for quality jobs, launch and scale businesses, and build personal financial knowledge. We execute our philanthropy with the same rigor, discipline and entrepreneurial spirit that Ares brings to its investment activities and business operations. Furthermore, we aim to ensure that these efforts help demonstrate Ares' core values—to be collaborative, responsible, entrepreneurial, self-aware and trustworthy—in action.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2024, including the acquisition of GCP International which closed on March 1, 2025, Ares Management Corporation's global platform had over $525 billion of assets under management, with operations across North America, Europe, Asia Pacific and the Middle East. For more information, please visit www.aresmgmt.com.
SOURCE: Ares Management Corporation
Copyright Business Wire 2025.
PUB: 03/31/2025 06:30 AM/DISC: 03/31/2025 06:30 AM
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