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Ares raises $478m for second fund

by Andrea Waitrovich

Ares Management has raised more than $478 million for its Ares European Property Enhancement Partners II, according to a filing with the SEC.

Ares European Property Enhancement Partners II invests with a value-added strategy, targeting property investments primarily in France, Germany and the United Kingdom.

Ares Management Real Estate Group manages comprehensive public and private equity and debt strategies, with approximately $10.1 billion of assets under management, as of June 30.

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