Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Ares Hits $1bn Fundraising Target For Us Property Value-add Fund Ix | News | Ipe Ra
LPNEWS

Ares Hits $1bn Fundraising Target For Us Property Value-add Fund Ix | News | Ipe Ra

by realassets.ipe.com posted 3months ago 33 views
Fund XI exceeded the $825m raised for Ares US Real Estate Fund VIII. : Ares Management Corporation has raised $1.04bn (€916.1m) capital for its latest US value-added real estate fund. In April last year, IPE Real Assets reported that the manager was planning a billion-dollar capital raise for Ares US Real Estate Fund IX, which primarily targets US multifamily, industrial, and office properties. Ares said the amount raised for Fund XI at close, exceeded the $825m raised for Ares US Real Estate Fund VIII in December 2014. Fund IX received strong support from long standing existing investors as well as from new entrants, it said.