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Ares Management adds more than $700m to real estate income fund
Fundraising - DECEMBER 23, 2019

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Ares Management adds more than $700m to real estate income fund

by Kali Persall

Ares Management has raised $867 million for its Real Estate Enhanced Income Fund, according to an SEC filing. The fund was launched in December 2018.

A fundraising target was not disclosed, but as of December 2018, the fund had raised $150 million.

According to the latest filing, the fund has been backed by 16 investors, including the New Mexico State Investment Council (SIC), which committed $75 million last January.

Ares Management’s real estate arm manages comprehensive public and private equity and debt strategies and had $12.5 billion of assets under management, as of Sept. 30., according to the firm.

 

 

 

 

 

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