SCHEDULE 13G

Ares Core Infrastructure Fund

Common Shares · CUSIP: 04021D108

Event date: 2025-02-19

Reporting persons may disclose overlapping interests. Their amounts are shown individually and are not added into a filing total.

Filing-level shares

Unavailable

Percent of class

Unavailable

• Ares Holdings L.P.

  Shares: 1,351,421.00 · Class: 5.2%

• Ares Management Holdings L.P.

  Shares: 1,000.00 · Class: 0.0%

• Ares Holdco LLC

  Shares: 1,352,421.00 · Class: 5.2%

• Ares Management Corporation

  Shares: 1,352,421.00 · Class: 5.2%

• Ares Voting LLC

  Shares: 1,352,421.00 · Class: 5.2%

• Ares Partners Holdco LLC

  Shares: 1,352,421.00 · Class: 5.2%

• Ares Management GP LLC

  Shares: 1,352,421.00 · Class: 5.2%

Amounts are as disclosed in this filing. Schedule type alone does not establish investment intent.