Pershing Square Capital Management vs Ares Management

A side-by-side comparison of Pershing Square Capital Management and Ares Management across firm type, scale, strategy, and geography.

Asset-class exposure

Private Equity

Private Credit

Real Estate

Hedge Funds

Infrastructure

Left bar: Pershing Square Capital ManagementRight bar: Ares Management

Insight

No overlapping asset classes — these firms operate in entirely separate markets.

Key observations

• Ares Management is the most established (founded 1997), 6 years before Pershing Square Capital Management (2003).
• Ares Management has the broadest mandate — active across 5 asset classes vs 3 for Pershing Square Capital Management.
• All 2 firms invest in Private Equity, Real Estate, Hedge Funds.
• Ares Management is the only one here in Private Credit & Infrastructure.
• All 2 are headquartered in United States.
• Ares Management's network is more connected (42/100 vs 13/100), indicating broader relationship diversity.
• Overall similarity is 14%, driven by 3 shared asset classes, same country.

14%Similarity score3 shared asset classes · same country

	Pershing Square Capital Management	Ares Management
Basics
Firm type	Asset Manager	Asset Manager
Country	United States	United States
Founded	2003	1997
Firm age	23 yrs	29 yrs
Roles	Gp, Advisor	Gp, Lender
Scale & AUM
Market position	Large ($20–100B)	Large ($20–100B)
Strategy & Focus
Investment style	Multi-asset	Multi-asset
Diversification	Diversified	Broad
Asset classes	private equity, real estate, hedge funds	private equity, private credit, real estate, hedge funds, infrastructure
Shared asset classes	3: private equity, real estate, hedge funds

Frequently asked

What is the difference between Pershing Square Capital Management and Ares Management?

Pershing Square Capital Management is a asset manager based in United States, while Ares Management is a asset manager based in United States. This page compares their firm type, assets under management, strategies, and geographic focus.

Which is larger, Pershing Square Capital Management or Ares Management?

AUM figures are not fully available for both firms on DataBane yet.

Pershing Square Capital Management profile →Ares Management profile →

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Geography
Geographic bias	North America	North America
Regions	North America, Europe, Global	United States, North America, Europe, Asia
Shared geographies	North America, Europe

Network & Relationships
Connectivity	13/100	42/100
Network strength	1/100	16/100
Relationships	2	7
Relationship density	Very high	Moderate
Network maturity	Emerging	Emerging

Similarity
Overall similarity	14%
Asset class overlap	60%
Geography overlap	11%

Team
Total contacts	8	3