Apr. 2 at 12:07 PM
$ARES Ares Management raises
$5.4B for real estate strategies
Ares Management announced that it has raised approximately
$5.4B of aggregate capital, including equity commitments and related transaction vehicles, to invest in value-add real estate opportunities across high-conviction markets in the U.S. and Europe. This follows the final closings of Ares US Real Estate Fund XI, LP and Ares European Property Enhancement Partners IV, SCSp. US XI closed at its increased hard cap of
$3.1B. Inclusive of related transaction vehicles and GP commitment, the U.S. value-add strategy raised approximately
$3.5B of total capital. EPEP IV raised approximately
$1.9B of total capital across equity commitments and related transaction vehicles.