Ares Charitable Foundation Launches New Initiative to Support Latino Entrepreneurs and Economic Development in the U.S.

NEW YORK–(BUSINESS WIRE)–The Ares Charitable Foundation (the “Ares Foundation”), a 501(c)(3) qualifying organization sponsored by Ares Management Corporation (“Ares” or the “firm”) (NYSE: ARES), today announced the launch of a new initiative designed to support Latino entrepreneurs. Examining Latino Entrepreneurship for Value-Add to The Economy (“ELEVATE”) will focus on helping to overcome the barriers, challenges and vulnerabilities that Latino entrepreneurs – who are starting businesses at