UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
06-30-2022
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
ARES MANAGEMENT LLC
Address:
2000 Avenue of the Stars
12th Floor
Los Angeles, CA 90067
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Miriam G. Krieger
Title:
Chief Compliance Officer
Phone:
202-721-6180


Signature, Place, and Date of Signing:

/s/ Miriam G. Krieger
                         [Signature]
Arlington, VIRGINIA
                 [City, State]
08-12-2022
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
6
Form 13F Information table Entry Total:
38
Form 13F Information table Value Total:
1948155
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

No.Form 13F File NumberNameCIK
1
ACOF Operating Manager IV, LLC
0001620272
2
ACOF Investment Management LLC
0001684171
3
ASSF Operating Manager IV, L.P.
0001683967
4
Ares Enhanced Loan Investment Strategy Advisor IV, L.P.
0001462675
5
Ares Capital Management III LLC
0001684755
6
ASOF Investment Management LLC
0001793548


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
Alerian MLP ETFALERIAN MLP00162Q4521,10232,000SHDFND32,000 0 0
Altice USA IncCL A02156K10311,3061,222,278SHDFND61,222,278 0 0
Antero Resources CorpCOM03674X1063,065100,000SHDFND5100,000 0 0
Ares Cap CorpCOM04010L10342,8952,392,387SHDFND4,52,392,387 0 0
ARKO CorpCOM04124210817,2182,110,000SHDFND2,110,000 0 0
ARKO Corp*W EXP 12/22/2020412421161,5621,100,000SHDFND1,100,000 0 0
AZEK Co Inc/TheCL A05478C105319,66919,096,090SHDFND1*19,096,090 0 0
Bain Capital Specialty Finance IncCOM STK05684B1072,811206,539SHDFND5206,539 0 0
Barings BDC IncCOM06759L10345,0594,839,852SHDFND4*,5*4,839,852 0 0
BlackRock Capital InvestmentCOM09253310817,4704,760,304SHDFND4*,5*4,760,304 0 0
BlackRock Debt Strat Fd IncCOM NEW09255R2029810,745SHDFND5*10,745 0 0
BlackRock TCP Capital CorpCOM09259E1082,597207,289SHDFND4,5207,289 0 0
California Resources CorporationCOMMON STOCK13057Q305157,1554,081,942SHDFND2*4,081,942 0 0
Clear Channel Outdoor HldgsCOM18453H10640,65937,999,324SHDFND3*,6*37,999,324 0 0
Crescent Capital BDC IncCOM2256551097,820504,532SHDFND4,5504,532 0 0
Frontier Communications Parent IncCOM35909D109828,72935,205,132SHDFND3*,6*35,205,132 0 0
FS KKR Capital CorpCOM3026352067,933408,473SHDFND4,5408,473 0 0
Global Business Travel GroupCOM CL A37890B10054,7438,675,568SHDFND6*8,675,568 0 0
Golub Capital BDC IncCOM38173M10229,4712,274,004SHDFND4,52,274,004 0 0
Infrastructure and Energy Alternatives IncCOM45686J104122,38715,241,275SHDFND3*,6*15,241,275 0 0
Invesco Senior Loan ETFPUT46138G50820310,000SHDFND510,000 0 0
MicroStrategy IncNOTE 2/1594972AE18932,000,000SHDFND52,000,000 0 0
Multiplan CorpCOM62548M1008,2351,500,000SHDFND61,500,000 0 0
New Mountain Finance CorpCOM6475511003,393284,881SHDFND4,5284,881 0 0
Oaktree Specialty Lending CorpCOM67401P10824,1783,691,353SHDFND4,53,691,353 0 0
Owl Rock Capital CorpCOM69121K10418,1871,475,042SHDFND4,51,475,042 0 0
PennantPark Investment CorpCOM70806210429,9304,843,110SHDFND4*,5*4,843,110 0 0
Rent the Runway, Inc.COM CL A76010Y10310,4003,387,678SHDFND2*3,387,678 0 0
Runway Growth Finance CorpCOM78163D1006,293556,412SHDFND4,5556,412 0 0
SilverBow Resources, Inc.COM82836G10230,8271,086,974SHDFND1,086,974 0 0
Sixth Street Specialty Lending IncCOM83012A1096,244337,491SHDFND4,5337,491 0 0
SLR Investment CorpCOM83413U10024,0901,646,647SHDFND4,51,646,647 0 0
SPDR Blackstone Senior Loan ETFPUT78467V60849,9681,200,000SHDFND51,200,000 0 0
Stellus Capital Investment CorpCOM8585681084,821433,112SHDFND4,5433,112 0 0
Summit Midstream Partners LPCOM UNIT LTD8661424094,540356,628SHDFND5*356,628 0 0
Sunlight Financial Holdings IncCOM86738J1068,6522,932,978SHDFND2,932,978 0 0
Trinity Cap IncCOM8964423083,025209,087SHDFND4,5209,087 0 0
Tutor Perini CorporationCOM90110910852760,000SHDFND560,000 0 0