At a glance
- The filing lists the total offering amount as undisclosed and the amount sold to date as $0, according to SEC EDGAR.
- For wealth allocators, the filing identifies a secondaries acquisition vehicle but carries no fee, minimum, gate or liquidity terms, so it cannot be used to compare the structure against a competing secondaries vehicle.
- Form D is a notice of an offering, not a prospectus: it gives the issuer, fund type and related persons, and no information on strategy, holdings or how the vehicle would source or price secondaries transactions.
Ares filed a Form D on Oct. 14 for Ares Secondaries Acquisition Vehicle 23 Stegosaurus LP, an "Other Investment Fund" in the SEC's pooled investment fund category.
The filing lists the total offering amount as undisclosed and the amount sold to date as $0, according to SEC EDGAR. It names Ares Global Structured Solutions Management LP, Ares Global Structured Solutions LLC, Matthew Jill and Nathan Walton as related persons, with no titles or roles for the two individuals.
For wealth allocators, the filing identifies a secondaries acquisition vehicle but carries no fee, minimum, gate or liquidity terms, so it cannot be used to compare the structure against a competing secondaries vehicle. The pertinent diligence question is which Ares entity a client would be placed in, since the filing does not state the vehicle's relationship to other Ares funds.
Form D is a notice of an offering, not a prospectus: it gives the issuer, fund type and related persons, and no information on strategy, holdings or how the vehicle would source or price secondaries transactions. The "23" in the vehicle name suggests a sequence of vehicles; the filing does not describe the others. A later Form D amendment would be the next public record of any sales.
Reported by the Secondaries desk from SEC EDGAR. Published . Updated Oct 24, 2026 · 3:27 p.m. ET. Corrections