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Ares Sports, Media and Entertainment Opportunities LP is a Delaware-domiciled, perpetual-life private fund exempt under Section 3(c)(7) that conducts a continuous private offering with monthly, fully-funded subscriptions and periodic redemptions. The Fund seeks long-term capital appreciation (and secondarily income) by investing primarily in directly originated senior secured and other high-yield debt, preferred equity, and common equity tied to sports leagues/teams and sports, media, and entertainment-related companies, while also holding more liquid credit/public securities to support deployment and liquidity. It is managed by Ares Capital Management LLC and began operations on December 6, 2024 (formed November 19, 2024), with its first third-party investor closing on June 1, 2025. As of December 31, 2025, the portfolio was heavily North America-focused (with smaller Europe exposure) and had meaningful allocations across first-lien loans, preferred equity, and common equity.
News and Notices
Ares Management (non-Secondaries)
2025
3(c)(7) Exempt
3(c)(7) Exempt
USD
Monthly
September 30
News and Notices
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1-10 of 14
Notices
Date
Time (ET)
Notice Type
Source
Notice
Oct 21, 2023
16:16
Subscriptions
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Ares Sports, Media and Entertainment Opportunities sold unregistered limited partnership units for $30.4 million, bringing continuous private offering cash consideration to $864 million. Investors’ purchase prices used July 31, 2026 per-unit transactional net asset values ranging from $28.26 to $29.02.
Sep 21, 2023
16:18
Subscriptions
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Ares Sports, Media and Entertainment Opportunities sold $30.1 million of unregistered interests, bringing continuous offering cash consideration to about $834 million. June 30 transaction prices by class ranged from $28.20 for Class S to $28.88 for Class E.
Aug 25, 2023
16:15
Performance, Subscriptions
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Ares Sports, Media and Entertainment Opportunities sold $34.2 million of unregistered limited partnership units on June 1, 2026, bringing continuous private offering cash consideration to $804 million; May 31 transactional net asset values of $28.13-$28.74 established transaction pricing.
May 02, 2024
15:23
Subscriptions
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Ares Sports, Media & Entertainment Opportunities reported its first sale on June 1, 2025, with total amount sold increasing from $0 to $575 million and investors increasing from 0 to 2,880. Estimated sales commissions increased from $0 to $2.3 million.
May 22, 2024
16:19
Subscriptions
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Ares Sports, Media and Entertainment Opportunities LP sold approximately $27.5 million of unregistered limited partnership Units on May 1, 2026, with Transactional NAV per Unit ranging from $28.02 to $28.58 as of April 30, 2026. The Fund’s aggregate Transactional NAV was approximately $801 million, and its continuous private offering had issued about $769 million of interests as of the filing date.
Jul 21, 2024
16:24
Performance, Subscriptions
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Ares Sports, Media and Entertainment Opportunities raised about $38.1 million through the sale of unregistered limited partnership units, with March 31, 2026 Transactional NAV per Unit ranging from $27.92 to $28.40. The pricing reflects the Fund’s month-end valuation process for its continuous private offering.
Jun 02, 2023
16:05
Debt Issuances
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Ares Sports, Media and Entertainment Opportunities secured a senior secured revolving credit facility with JPMorgan Chase Bank of up to $125 million, scheduled to increase to $250 million on April 28, 2026, and maturing March 27, 2031. The facility is backed by substantially all Borrower assets and a full-recourse guaranty from the Fund.
Dec 20, 2023
16:15
Performance, Subscriptions
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Ares Sports, Media and Entertainment Opportunities sold approximately $39.8 million of unregistered limited partnership Units on March 1, 2026, bringing cumulative capital raised in its continuous private offering to about $704 million. The Fund also reported February 28, 2026 Transactional NAV per Unit ranging from $26.98 to $27.21, with aggregate Transactional NAV of about $693 million.
Sep 20, 2023
16:18
Subscriptions
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Ares Sports, Media and Entertainment Opportunities sold unregistered limited partnership units for approximately $25.2 million, with Transactional NAVs as of January 31, 2026 ranging from $27.02 to $27.20 per Unit. The offering remains a continuous private offering to accredited investors and qualified purchasers.
May 21, 2023
16:17
Subscriptions
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Ares Sports, Media and Entertainment Opportunities LP sold approximately $47.7 million of unregistered limited partnership Units on January 1, 2026, with pricing finalized on January 21, 2026 based on December 31, 2025 Transactional NAVs. The sale reflects the Fund’s continuous private offering, with aggregate cash consideration issued to date of approximately $639 million.
Preview
Ares Sports, Media & Entertainment Opportunities
Ares Management (non-Secondaries) is responsible for managing Ares Sports, Media & Entertainment Opportunities.
Ares Sports, Media & Entertainment Opportunities launched in 2025.
Ares Sports, Media & Entertainment Opportunities is registered as a 3(c)(7) Exempt fund.
You can invest in Ares Sports, Media & Entertainment Opportunities by meeting its eligibility requirements and subscribing through the fund's offering process or an approved platform. Visit their website for more details.
You can invest in Ares Sports, Media & Entertainment Opportunities monthly, subject to eligibility and fund subscription deadlines.
Shares of Ares Sports, Media & Entertainment Opportunities can be purchased in USD.
Ares Sports, Media & Entertainment Opportunities's fiscal year end is September 30.
Ares Sports, Media & Entertainment Opportunities's net asset value was $827.9 million and its portfolio had a fair value of $855.1 million as of June 30, 2026.
Among other deal types, Ares Sports, Media & Entertainment Opportunities primarily makes Debt Investments.
Among other asset classes, Ares Sports, Media & Entertainment Opportunities primarily invests in Direct Lending.
Among other regions, Ares Sports, Media & Entertainment Opportunities primarily invests in North America.
Ares Sports, Media & Entertainment Opportunities charges a 1.40% annual management fee, which is calculated based on NAV.
You can invest in ASMEO-S shares with a minimum initial investment of $25,000.
You can invest in ASMEO-S shares with a minimum subsequent investment of $2,500.
You will be subject to paying an early repurchase/redemption fee of 5%.
Ares Sports, Media & Entertainment Opportunities's ASMEO-AS share class generated an annualized 1-month return of 4.06% and 1-year return of 6.65% as of June 30, 2026.
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