Ares Management Corp., a global alternative investment manager, announced today that it has raised approximately $5.4 billion of aggregate capital, including equity commitments and related transaction vehicles, to invest in value-add real estate opportunities across high-conviction markets in the United States and Europe. This follows the final closings of Ares U.S. Real Estate Fund XI (US XI) and Ares European Property Enhancement Partners IV, SCSp (EPEP IV).
US XI closed at its increased hard cap of $3.1 billion. Inclusive of related transaction vehicles and GP commitment, the U.S. value-add strategy raised approximately $3.5 billion of total capital. EPEP IV raised approximately $1.9 billion of total capital across equity commitments and related transaction vehicles.
With this capital, Ares Real Estate will continue to harness the benefits of its global insights and scale to invest thematically while leveraging its regional teams and leading operating capabilities t
