Ares Leads Over $1.7 Billion Debt Financing to Support the Acquisition of Invited Clubs by KSL Capital Partners
06/30/2026
NEW YORK - June 30, 2026 - Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, announced today that Ares Credit funds ("Ares") led a more than $1.7 billion debt financing to support the acquisition of Invited Clubs ("Invited" or the "Company") by affiliates of KSL Capital Partners, LLC ("KSL").
Invited is the largest owner and operator of private golf and country clubs in the U.S., spanning more than 150 clubs across 24 states with first-class amenities, exceptional service and industry-leading programming.
"We believe Invited has established a differentiated position through its portfolio of premier private golf and country clubs with significant opportunity for expansion in a highly fragmented market," said Kort Schnabel, Co-Head of Ares U.S. Direct Lending. "Given the Company's track record of growth, strong member relationships and industry-leading offerings, we are excited to provide the scale, certainty and flexibility of our U.S. Direct Lending platform, and we look forward to working with KSL and Invited as the Company continues to build on its momentum."
Moelis & Company LLC served as financial advisor and Davis Polk & Wardwell LLP served as legal counsel to Ares.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2026, Ares Management Corporation's global platform had over $644 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visitwww.ares.com.
About Invited Clubs
Since 1957, Invited Clubs has brought people together through private clubs that foster belonging and deliver first-class amenities, exceptional service, and industry-leading benefits. Today, Invited Clubs is the largest owner and operator of private clubs in North America, with all clubs united by a shared commitment to quality, connection, and local character. For more information, please visitwww.invitedclubs.com.
About KSL Capital Partners
KSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; New York City, New York; and London, England. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. For more information, please visitwww.kslcapital.com.
Media Contacts
Ares
Jacob Silber | Lauren Sullivan
[email protected]
Invited
Bonnie Scoggins
[email protected]
KSL
Kate Kelley | Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
[email protected]
Go BackInvited is the largest owner and operator of private golf and country clubs in the U.S., spanning more than 150 clubs across 24 states with first-class amenities, exceptional service and industry-leading programming.
"We believe Invited has established a differentiated position through its portfolio of premier private golf and country clubs with significant opportunity for expansion in a highly fragmented market," said Kort Schnabel, Co-Head of Ares U.S. Direct Lending. "Given the Company's track record of growth, strong member relationships and industry-leading offerings, we are excited to provide the scale, certainty and flexibility of our U.S. Direct Lending platform, and we look forward to working with KSL and Invited as the Company continues to build on its momentum."
Moelis & Company LLC served as financial advisor and Davis Polk & Wardwell LLP served as legal counsel to Ares.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to advance our stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for our investors and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2026, Ares Management Corporation's global platform had over $644 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visitwww.ares.com.
About Invited Clubs
Since 1957, Invited Clubs has brought people together through private clubs that foster belonging and deliver first-class amenities, exceptional service, and industry-leading benefits. Today, Invited Clubs is the largest owner and operator of private clubs in North America, with all clubs united by a shared commitment to quality, connection, and local character. For more information, please visitwww.invitedclubs.com.
About KSL Capital Partners
KSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; New York City, New York; and London, England. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. For more information, please visitwww.kslcapital.com.
Media Contacts
Ares
Jacob Silber | Lauren Sullivan
[email protected]
Invited
Bonnie Scoggins
[email protected]
KSL
Kate Kelley | Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
[email protected]