Ares Capital (ARCC) Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 MANAGEMENT LLC

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/21/2022

3. Issuer Name and Ticker or Trading Symbol
OPAL Fuels Inc. [ OPAL ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	3,059,533	I	See footnotes(1)(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

ARES MANAGEMENT LLC

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Management Holdings L.P.

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Holdco LLC

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Management Corp

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Voting LLC

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Management GP LLC

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Partners Holdco LLC

(Last) (First) (Middle)

2000 AVENUE OF THE STARS

12TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ARCC BEACON LLC

(Last) (First) (Middle)

245 PARK AVENUE

44TH FLOOR

(Street)

NEW YORK NY 10167

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

ARES CAPITAL CORP

(Last) (First) (Middle)

245 PARK AVENUE

44TH FLOOR

(Street)

NEW YORK NY 10167

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Ares Capital Management LLC

(Last) (First) (Middle)

245 PARK AVENUE

44TH FLOOR

(Street)

NEW YORK NY 10167

(City) (State) (Zip)

Explanation of Responses:

1. The securities reported herein are held of record by ARCC Beacon LLC.

2. Ares Partners Holdco LLC ("Ares Partners") is the sole member of each of Ares Voting LLC and Ares Management GP LLC, which are respectively the holders of the Class B and Class C common stock of Ares Management Corporation ("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 LLC, which is the general partner of Ares Management Holdings L.P., which is the sole member of Ares Management LLC, which is the sole member of Ares Capital Management, which is the manager of Ares Capital Corporation, which is the sole member of ARCC Beacon LLC.

3. Ares Partners is managed by a board of managers, which is composed of Michael J Arougheti, Ryan Berry, R. Kipp deVeer, David B. Kaplan, Antony P. Ressler and Bennett Rosenthal (collectively, the "Board Members"). Mr. Ressler generally has veto authority over Board Members' decisions. Each of these individuals disclaims beneficial ownership of the securities that may be deemed to be beneficially owned by Ares Partners.

	Ares Management LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	Ares Management Holdings L.P., By: Ares Holdco LLC, its general partner, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	Ares Holdco LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	Ares Management Corporation, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	Ares Voting LLC, By: Ares Partners Holdco LLC, its sole member, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	Ares Management GP LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	Ares Partners Holdco LLC, By: /s/ Naseem Sagati Aghili, Authorized Signatory	08/01/2022
	ARCC Beacon LLC, By: /s/ Joshua M. Bloomstein, Authorized Signatory	08/01/2022
	Ares Capital Corporation By: /s/ Joshua M. Bloomstein, Authorized Signatory	08/01/2022
	Ares Capital Management LLC, By: /s/ Joshua M. Bloomstein, Authorized Signatory	08/01/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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