As of November 6, 2026, one holder's latest Schedule 13D or 13G filing report owning 5% or more of Ares Core Infrastructure Fund. The largest reported stake is Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1's, at 8.5%. 3 filings are on record since July 30, 2025 (Schedule 13G, July 30, 2025).
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Key facts
- · Reporting person: Nonghyup Bank acting as trustee of Truston Core Infra Qualified Investment Type Private Investment Trust II · Sole voting: 3,990,025 · Shared voting: 0 · Sole dispositive: 3,990,025 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-04-20
- · Reporting person: Ares Holdings L.P. · Sole voting: 0 · Shared voting: 1,351,421 · Sole dispositive: 0 · Shared dispositive: 1,351,421 · SCHEDULE 13G/A, 2025-10-06
- · Reporting person: Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 · Sole voting: 4,008,177 · Shared voting: 0 · Sole dispositive: 4,008,177 · Shared dispositive: 0 · SCHEDULE 13G, 2025-07-30
Ares Core Infrastructure Fund has 3 Schedule 13D or 13G filings on record since 2025-07-30. 1 holder's latest filing reports 5% or more of common shares of beneficial interest, par value $0.01 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 | 8.5% | 4,008,177 | SCHEDULE 13G, 2025-07-30 | 2025-07-22 |
| Nonghyup Bank acting as trustee of Truston Core Infra Qualified Investment Type Private Investment Trust III | 4.2% | 3,995,796 | SCHEDULE 13G/A, 2026-04-20 | 2026-03-31 |
| Ares Holdings L.P. | 2.6% | 1,351,421 | SCHEDULE 13G/A, 2025-10-06 | 2025-09-30 |
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What the Full Report on Ares Core Infrastructure Fund covers
The Short Answer
Which Company This Is
What They Do, And How The Money Works
Who Runs It, And How To Reach Them
The Money: Funding, Valuation, Runway
Who Pays Them, And Who They Are Up Against
Warning Bells
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 | 4,008,177 | 0 | 4,008,177 | 0 | SCHEDULE 13G, 2025-07-30 |
| Nonghyup Bank acting as trustee of Truston Core Infra Qualified Investment Type Private Investment Trust II | 3,990,025 | 0 | 3,990,025 | 0 | SCHEDULE 13G/A, 2026-04-20 |
| Nonghyup Bank acting as trustee of Truston Core Infra Qualified Investment Type Private Investment Trust III | 3,995,796 | 0 | 3,995,796 | 0 | SCHEDULE 13G/A, 2026-04-20 |
| Ares Holdings L.P. | 0 | 1,351,421 | 0 | 1,351,421 | SCHEDULE 13G/A, 2025-10-06 |
| Ares Management Holdings L.P. | 1,000 | 0 | 1,000 | 0 | SCHEDULE 13G/A, 2025-10-06 |
| Ares Holdco LLC | 0 | 1,352,421 | 0 | 1,352,421 | SCHEDULE 13G/A, 2025-10-06 |
| Ares Management Corp | 0 | 1,352,421 | 0 | 1,352,421 | SCHEDULE 13G/A, 2025-10-06 |
| Ares Voting LLC | 0 | 1,352,421 | 0 | 1,352,421 | SCHEDULE 13G/A, 2025-10-06 |
| Ares Partners Holdco LLC | 0 | 1,352,421 | 0 | 1,352,421 | SCHEDULE 13G/A, 2025-10-06 |
| Ares Management GP LLC | 0 | 1,352,421 | 0 | 1,352,421 | SCHEDULE 13G/A, 2025-10-06 |
The latest filing identifies Ares Core Infrastructure Fund by CUSIP 04021D108 and gives its principal executive office as C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES, CA 90067 (SCHEDULE 13G/A, 2026-04-20).
What the percentages are based on
See responses to Item 11 on each cover page. The reported securities represent 1,000 Common Shares directly held by Ares Management Holdings and 1,351,421 Common Shares directly held by Ares Holdings, which represent 0.00002% and 2.60553% respectively of the Common Shares outstanding as of August 31, 2025, based on information received from the Fund.Ares Holdings L.P., SCHEDULE 13G/A, 2025-10-06
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-07-30 | Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 | 8.5% | SCHEDULE 13G |
| 2025-10-06 | Ares Holdings L.P. | 2.6% | SCHEDULE 13G/A |
| 2026-04-20 | Nonghyup Bank acting as trustee of Truston Core Infra Qualified Investment Type Private Investment Trust III | 4.2% | SCHEDULE 13G/A |
Questions about who owns Ares Core Infrastructure Fund
Who owns Ares Core Infrastructure Fund?
On this page, one holder's latest ownership filing reports 5% or more of Ares Core Infrastructure Fund: Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 (8.5%, Schedule 13G, filed 2025-07-30).
When did Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 buy into Ares Core Infrastructure Fund?
The filings give report dates, not purchase dates. The earliest filing from Nonghyup Bank as trustee for Mirae Asset ACI General Private Investment Trust 1 on this page is the Schedule 13G, filed 2025-07-30, reporting 8.5%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 3 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Ares Core Infrastructure Fund
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| October 1, 2026 | Form D amendment, private offering | $7.71B sold | Form D page | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.
