# Who does Ares Management pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/ares-management · Facet: suppliers · Updated: 2026-10-17T16:07:50.730136+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Ares Management discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 2 dated sources, 2 of them primary filings (as of 2026-10-17).

### Vantage Data Centers (high)
- metric: commitment $1.6B · 2026 financing · Ares-held commitment in the Vantage debt facility
- note: Ares funds arranged a $2.4 billion facility for Vantage Data Centers development, construction and operations in North America. Ares held $1.6 billion of commitments and funded $330 million at closing.
- [confirms] AInvest Korea (KO, news, published 2026-08-01) https://www.ainvest.com/ko/news/100-billion-wager-vantage-data-centers-market-2608/: "The Korean source also confirms Vantage received a $2.4 billion Ares facility in February 2026."
- [mentions] Hana Securities Research Center (KO, research, published 2026-05-14) https://file.hanaw.com/download/research/FileServer/WEB/info/daily/2026/05/13/Daily_260514.pdf: "Hana Securities identifies AI infrastructure and data-center finance as a core Ares strategy."
- [confirms] Ares Management (EN, ir, published 2026-02-10) https://ir.ares.com/news/ares-arranges-dollar24-billion-debt-facility-to-vantage-data-centers/c5a34084-ddb2-48c4-af66-db5c60c5c961: "Ares held about $1.6 billion and funded about $330 million at closing."

### 임직원·투자전문가 보상 (high)
- metric: Amount $689M · Q2 2026 · Quarterly compensation and benefits expense
- note: Compensation and benefits, including salaries, incentives and equity awards, are the main cost of the people-led platform. Q2 2026 expense was $688.7 million.
- [confirms] SEC EDGAR (EN, filing, published 2026-08-07) https://www.sec.gov/Archives/edgar/data/1176948/000162828026054538/ares-20260630.htm: "The Form 10-Q confirms quarterly compensation and benefits expense."
- [confirms] SEC EDGAR (EN, filing, published 2026-07-31) https://www.sec.gov/Archives/edgar/data/1176948/000162828026051191/a2026q2-ex992earningspre.htm: "Compensation and benefits expense was $688.7 million."

### 외부 서비스·사무실·일반관리 (비공개) (high)
- metric: Amount $256M · Q2 2026 · Quarterly general, administrative and other expense
- note: Ares does not name individual vendors for professional services, offices, technology and operations. Q2 2026 general and administrative expense totaled $255.7 million.
- [confirms] SEC EDGAR (EN, filing, published 2026-08-07) https://www.sec.gov/Archives/edgar/data/1176948/000162828026054538/ares-20260630.htm: "The Form 10-Q confirms quarterly general and administrative expense."
- [confirms] SEC EDGAR (EN, filing, published 2026-07-31) https://www.sec.gov/Archives/edgar/data/1176948/000162828026051191/a2026q2-ex992earningspre.htm: "General, administrative and other expense was $255.7 million."

Reverse side: https://valuechain.wiki/ares-management/customers.md · Ripple: https://valuechain.wiki/ares-management/ripple.md

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