Home / Business and Economy / Ares Managers Secure $850M for New Real Estate Debt Fund
Ares Managers Secure $850M for New Real Estate Debt Fund
21 May
Summary
- Ares Management Corp. has raised approximately $850 million.
- The firm targets a total of $1.5 billion for its new fund.
- This marks the inaugural closed-ended real estate debt fund for Ares.
Ares Management Corp. has successfully raised approximately $850 million for its first-ever closed-ended real estate debt fund. The firm, headquartered in Los Angeles, has set an ambitious target of $1.5 billion for this initiative.
This new fund, known as Ares Real Estate Debt Strategies, is designed to capitalize on opportunities within the real estate debt market. The successful fundraising demonstrates strong investor confidence in Ares' strategy and management capabilities.
The fund's closing is anticipated soon, marking a significant development in Ares' real estate investment portfolio. This move is expected to enhance their offerings in the competitive real estate debt sector.
