Ares Management Corp. has raised approximately $5.4 billion in aggregate capital for value-added real estate strategies across the United States and Europe, following the final closings of two funds.
The capital raise includes equity commitments and related transaction vehicles tied to Ares U.S. Real Estate Fund XI and Ares European Property Enhancement Partners IV.
Ares U.S. Real Estate Fund XI closed at its increased hard cap of $3.1 billion. Including related vehicles and general partner commitments, the U.S. value-added strategy raised approximately $3.5 billion in total capital.
Ares European Property Enhancement Partners IV raised approximately $1.9 billion across equity commitments and related transaction vehicles.
The capital will be deployed into value-added real estate opportunities in high-conviction markets across the United States and Europe. Ares said it will leverage its global platform, regional teams and operating capabilities to pursue l
