HBC and Ares Management completed the $500m investment in Convene.

HBC, a holding company of investments and businesses at the intersection of technology, retail operations, and real estate, and Ares Management, a global alternative investment manager, completed the $500m investment in Convene, a hybrid meeting, event, and workspace provider. "We are proud to support Ryan and the Convene team in their continued growth as they further enable the future of work through innovative spaces and experiences. We believe that this transaction will help accelerate Convene’s leadership position and we look forward to being a partner to them as they execute on future opportunities," Craig Snyder, Ares Partner.