Form D · Other Investment Fund

Ares Direct Finance I LP

New York, NY · CIK 0001716510

Offering snapshot reported May 26, 2026 · SEC filing

Reported sold: $603M
Investors reported: 19
Minimum accepted: $0
First sale: Sep 15, 2017

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$202,500,000 → $602,500,000
Reported investors4 → 19

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
May 26, 2026	Amendment	$602,500,000	$400,000,000vs May 27, 2025	19	SEC filing
May 27, 2025	Amendment	$202,500,000	$0vs Apr 15, 2024	4	SEC filing
Apr 15, 2024	Amendment	$202,500,000	No comparison	4	SEC filing
Sep 8, 2017	Initial	Yet to sell	No comparison	0	SEC filing

Offering details

Securities: Pooled investment fund
Exemptions: 06b, 3C, 3C.1, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0 (estimated)
Form D file number: 021-294307

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
Ares Management Capital Markets LLC	166219

Source: Form D, filed May 26, 2026. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

ARES DIRECT FINANCE I LP

Investment adviser: ARES CAPITAL MANAGEMENT LLC

Gross asset value: $506M
Beneficial owners: 5
ADV minimum commitment: $500K

Reported in Form ADV on Aug 26, 2026. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator SS&C TECHNOLOGIES COLUMBUS, Ohio, United States Investor statements: No (provided to no investors) Related to adviser: No

Auditor ERNST & YOUNG LLP LOS ANGELES, California, United States

Custodian US BANK BOSTON, Massachusetts, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

Filing source

Form ADV 2128666 · Aug 26, 2026 · Schedule D 7.B.(1), fund 805-4923778174

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Mark Affolter	Executive
N/A Ares Capital Management Llc	Director
N/A Ares Direct Finance Gp Llc	Director
Michael J. Arougheti	Executive
Kipp De Veer	Executive
Mitchell Goldstein	Executive
Matthew Jill	Executive
Jim Miller	Executive
Kort Schnabel	Executive
Dave Schwartz	Executive
Michael Smith	Executive
Michael Weiner	Executive

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

C/O Ares Management Llc 245 Park Avenue, 44 Th Floor
New York, NY, 10167