Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * ARES CAPITAL MANAGEMENT II LLC 2. Issuer Name and Ticker or Trading Symbol Ares Private Markets Fund [NONE] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner _____ Officer (give title below) __X__ Other (specify below) Investment Advisor (Last) (First) (Middle) C/O ARES MANAGEMENT LLC, 1800 AVENUE OF THE STARS, SUITE 1400 3. Date of Earliest Transaction (Month/Day/Year) 10/30/2026 (Street) LOS ANGELES, CA 90067 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _X_ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class I Shares 10/30/2026 S 484,652(1) D $41.27 2,519,348 I See Footnotes(2)(3)(4)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
ARES CAPITAL MANAGEMENT II LLC C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
ARES INVESTMENTS HOLDINGS LLC C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
Ares Holdings L.P. C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
Ares Holdco LLC C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
Ares Management Corp C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
Ares Voting LLC C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
Ares Partners Holdco LLC C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor
Ares Management GP LLC C/O ARES MANAGEMENT LLC 1800 AVENUE OF THE STARS, SUITE 1400 LOS ANGELES, CA 90067				Investment Advisor

Signatures

Ares Capital Management II LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Investments Holdings LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Holdings L.P., By: Ares Holdco LLC, its general partner, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Holdco LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Voting LLC, By: Ares Partners Holdco LLC, its sole member, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Management Corporation, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Partners Holdco LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date
Ares Management GP LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory		11/03/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	In connection with the Issuer's quarterly repurchase offer for the fiscal quarter ended September 30, 2026, Ares Holdings L.P. ("Ares Holdings") tendered Class I Shares with an aggregate value of $20,000,000. On October 30, 2026, the net asset value as of September 30, 2026 was determined and, accordingly, fixed the number of Class I Shares and price per share in respect of the prior redemption request by Ares Holdings.
(2)	This statement is being filed jointly by (i) Ares Investments Holdings LLC ("Ares Investments"), (ii) Ares Holdings, (iii) Ares Holdco LLC ("Ares Holdco"), (iv) Ares Management Corporation ("Ares Management"), (v) Ares Voting LLC ("Ares Voting"), (vi) Ares Management GP LLC ("Ares Management GP"), (vii) Ares Partners Holdco LLC ("Ares Partners") and (viii) Ares Capital Management II LLC (collectively, the "Reporting Persons"). The reported securities include 2,515,348 Class I Shares directly held by Ares Holdings and 4,000 Class I Shares directly held by Ares Investments.
(3)	Ares Partners is the sole member of each of Ares Voting and Ares Management GP, which are respectively the holders of the Class B and Class C common stock of Ares Management, which common stock allows them, collectively, to generally have the majority of the votes on any matter submitted to the stockholders of Ares Management if certain conditions are met. Ares Management is the sole member of Ares Holdco, which is the general partner of Ares Holdings. The sole member of Ares Investments is Ares Holdings. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over the Board Members' decisions.
(4)	Each of the Reporting Persons (other than Ares Investments and Ares Holdings with respect to their respective directly held Class I Shares) and the Board Members, and the other directors, officers, partners, stockholders, members and managers of the Reporting Persons, expressly disclaims beneficial ownership of the reported securities, except to the extent of any pecuniary interest therein, and this Form 4 shall not be deemed an admission that any such person or entity is the beneficial owner of, or has any pecuniary interest in, such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purposes.

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