Joel Holsinger Named Co-Chair of Ares Charitable Foundation to Advance Global Economic Mobility Initiatives
Ares Management Corporation announced on March 31, 2025, that Joel Holsinger, Partner and Co-Head of Ares’ Alternative Credit strategy, has been appointed Co-Chair of the Ares Charitable Foundation’s Board of Directors. He will serve alongside current Chair and Ares CEO Michael Arougheti.
Since its establishment in 2021, the Ares Foundation has committed over $66 million globally to nonprofit organizations focused on helping individuals gain the skills and resources needed for economic mobility. The foundation supports initiatives in job training, entrepreneurship, and financial literacy.
Holsinger played a key role in developing the foundation’s funding model, inspired by the charitable tie-ins of Ares’ Alternative Credit Pathfinder funds. Today, 24 Ares funds have committed up to 5% of their annualized, realized performance income to support the foundation’s work.
Michael Arougheti expressed confidence in Holsinger’s ability to advance the foundation’s mission, highlighting his investment expertise and commitment to social impact. Holsinger stated that his appointment reflects a broader commitment to aligning investment activity with purpose, while Foundation President Michelle Armstrong praised his early and ongoing support for sustainable philanthropic funding.
The Ares Foundation is a 501(c)(3) organization dedicated to advancing economic opportunity and operates with the same discipline and entrepreneurial spirit as Ares’ investment business. Ares Management Corporation had over $525 billion in assets under management as of December 31, 2024.