Presentation to Vermont Pension Investment Committee
Investing With Purpose
Ares and Pathfinder Core's Portfolio Managers will together donate at least 5% of carried interest to health and
education charities
Our Motivation
Over 700 million people live in extreme poverty¹
Half of the world's population struggles to access essential health and education resources²
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• While childhood mortality has declined by over 50% with over 122 million lives saved since 1990, even today a child
under the age of five dies every five seconds 3,4
Health charities have the tools to end senseless deaths and improve life for millions, but lack the resources
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Our Purpose
Ares is committed to investing in health and education to help save
lives and drive equality
Pathfinder Core's dual purpose:
Seek attractive risk-adjusted returns for our investors in a
differentiated strategy
o Drive real impact in health and education
Ares will partner with non-profit organizations that have a track record
of delivering the most value per charitable dollar contributed
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1. Source: World Bank - Poverty metrics as of 2015.
2. Source: World Health Organization, December 2017.
3. Source: United Nations.
4. Source: Bill and Melinda Gates 2017 Annual Letter.
Confidential - Not for Publication or Distribution
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Measuring Performance
STRATEGY
Returns
MOIC
CHARITY
Lives
Impacted
Lives Saved
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