ARES MANAGEMENT, L.P. (Delaware limited partnership) 15,000,000 Common Shares Representing Limited Partner Interests UNDERWRITING AGREEMENTUnderwriting Agreement • March 8th, 2018 • Ares Management Lp • Investment advice • New York
Ares Management, L.P., a Delaware limited partnership (the “Partnership”), proposes to issue and sell to the several underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representatives (the “Representatives”), an aggregate of 5,000,000 common shares (the “Common Shares”) representing limited partner interests in the Partnership, and a certain shareholder of the Partnership named in Schedule 2 hereto (the “Selling Shareholder”) proposes to sell to the several Underwriters an aggregate of 10,000,000 Common Shares (collectively, the “Underwritten Shares”). In addition, the Selling Shareholder proposes to sell, at the option of the Underwriters, up to an additional 2,250,000 Common Shares (collectively, the “Option Shares”). The Underwritten Shares and the Option Shares are herein referred to as the “Shares.”
