# David Kaplan

> David Kaplan is a Series C investor at Ares Management (Los Angeles) backing Energy and CleanTech. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Ares Management](https://shizune.co/investors/profile/ares-management)
- Location: Los Angeles, United States
- Total investments: 2
- Last investment: Nov 2025
- Lead investor: 50%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/david-kaplan-ares-management/
- Website: https://www.aresmgmt.com/about-ares/individual-person-information?personid=4540

David Kaplan is a Series C investor at Ares Management in Los Angeles focused on Energy and CleanTech. David Kaplan is the co-founder, director, and partner of Ares Management Corporation. David previously worked at Ares Management Corporation as a Chief Executive Officer and Co-Chairman. David Kaplan attended the University of Michigan.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Energy | 1 | 50% |
| CleanTech | 1 | 50% |
| Clean Energy | 1 | 50% |
| Renewable Energy | 1 | 50% |

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series C | 1 | 50% |
| Series D | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| X-energy | X-Energy is a nuclear reactor and fuel design engineering company that develops Generation IV, high-temperature gas-cooled small modular reactors (SMRs) together with proprietary TRISO-X particle fuel. Their flagship reactor, the Xe-100, delivers about 80 MWe per unit and can be scaled in modular “packs” to reach higher output. X-Energy also buildsits own TRISO-X fuel to maintain supply control and quality. In addition, the company operates a plant support center to provide fleet monitoring, maintenance planning, training, and diagnostics for its reactor customers. | $700M | Series D | Nov 24, 2025 |  |
| X-energy | X-Energy is a nuclear reactor and fuel design engineering company that develops Generation IV, high-temperature gas-cooled small modular reactors (SMRs) together with proprietary TRISO-X particle fuel. Their flagship reactor, the Xe-100, delivers about 80 MWe per unit and can be scaled in modular “packs” to reach higher output. X-Energy also buildsits own TRISO-X fuel to maintain supply control and quality. In addition, the company operates a plant support center to provide fleet monitoring, maintenance planning, training, and diagnostics for its reactor customers. | $235M | Series C | Dec 05, 2023 |  |

2 of 2 investments shown.

## Co-investors
- [Segra Capital](https://shizune.co/investors/profile/segra-capital) — VC Fund, 2 deals together
- [Corner Capital Management](https://shizune.co/investors/profile/corner-capital-management) — VC Fund, 1 deal together
- [Curtiss-Wright](https://shizune.co/investors/profile/curtiss-wright-98ec) — VC Fund, 1 deal together
- [DL E&C](https://shizune.co/investors/profile/dl-e-c) — VC Fund, 1 deal together
- [Doosan Group](https://shizune.co/investors/profile/doosan-group) — VC Fund, 1 deal together
- [Emerson Collective](https://shizune.co/investors/profile/emerson-collective) — VC Fund, 1 deal together

## About Ares Management

VC Fund · Chicago, United States

Ares Management is a publicly-traded global alternative asset manager with approximately $144 billion of assets under management. It believes each of its distinct but complementary investment groups in credit, private equity, and real estate is a market leader based on assets under management and investment performance.

5 contacts available at Ares Management.

| Name | Title | Profile |
| --- | --- | --- |
| Andres Pinter | Managing Director | https://shizune.co/investors/profile/andres-pinter |
| Barry M Miller | Chief Executive Officer | https://shizune.co/investors/profile/barry-m-miller |
| Bennett Rosenthal | Co-Founder, Co-Head, Senior Partner and Director | https://shizune.co/investors/profile/bennett-rosenthal |
| David Kaplan | Co-Founder, Director, and Partner | https://shizune.co/investors/profile/david-kaplan-c8ed |
| Douglas Dieter | Partner | https://shizune.co/investors/profile/douglas-dieter-3593 |

## Similar investors

### Similar stage
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund
- [New Enterprise Associates](https://shizune.co/investors/profile/new-enterprise-associates) — VC Fund
- [Bessemer Venture Partners](https://shizune.co/investors/profile/bessemer-venture-partners) — VC Fund

## FAQ

### What does David Kaplan invest in?

David Kaplan invests primarily in Energy, CleanTech and Clean Energy startups, most often at Series C and Series D stage. Most of the 2 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did David Kaplan last invest?

The most recent investment recorded for David Kaplan closed in Nov 2025. Shizune tracks 2 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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