Publications

Ares Management Corp. closes on €1.78b for fifth European real estate fund
Fundraising - AUGUST 20, 2019

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Ares Management Corp. closes on €1.78b for fifth European real estate fund

by Kali Persall

Ares Management Corp. has completed a final closing of Ares European Real Estate Fund V (EF V) at €1.78 billion ($1.97 billion).

The close marks the firm’s largest real estate private equity fundraise to date, exceeding its target of €1.25 billion ($1.38 billion) and representing an increase from the previous fund in the series, Ares European Real Estate Fund IV, which closed at €1.1 billion ($1.2 billion) in December 2014.

The fund targets investments in residential, office, industrial and mixed-use assets, predominantly located in European markets such as Germany, France, the United Kingdom and Spain.

EF V attracted a broad and diverse group of both existing and new investors, including pension funds, insurance companies, sovereign wealth funds, endowments, asset managers, private banks and family offices.

The firm will follow its investment strategy of acquiring undermanaged or underfunded assets out of distressed ownership structures or comple

Forgot your username or password?