Ares Yuankang Investment

Ares Yuankang is a joint venture between Ares Management and China's Industrial Bank, formed to manage RMB-denominated credit and real estate assets for domestic Chinese investors. It is not a wholly owned Ares subsidiary; the Industrial Bank partnership provides local distribution and regulatory licensing. Ares contributes investment management frameworks and global credit underwriting expertise to the platform.

The firm focuses on private credit, including direct lending to mid-market Chinese companies, real estate equity and debt targeting logistics and office properties in tier-one cities, and special situations such as non-performing loan portfolios acquired from domestic banks. All investments are structured in RMB through onshore vehicles.

No. The platform was specifically created to manage RMB funds for onshore Chinese investors, avoiding the cross-border capital restrictions that constrain offshore managers. For USD-denominated China exposure, investors typically access Ares's global funds directly rather than through the Yuankang vehicle.