Ares Management Corp. formed Ares Australia Management with Australia-based multi-boutique asset manager Fidante Partners Ltd.
The newly formed entity will be the investment manager for new funds tailored for investors in Australia and New Zealand. The strategic joint venture will coordinate the marketing and investment management of retail and institutional investor capital from Australia and New Zealand for Ares' credit, private equity and real estate strategies.
The board of the entity, which will be headquartered in Sydney, will comprise representatives from both companies.
Bill Entwistle, Ares' Australia-based managing director and relationship manager, will remain a senior member of the joint venture partners' relationship management effort in Australia.
Fidante is part of Australian Securities Exchange-listed investment management firm Challenger Ltd.
