Ares Management has held a final close for its Japan Logistics Development Partners V (JDP V), the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (US$4 billion), including investor equity commitments and a manager commitment, JDP V closed at its hard cap and is nearly 50 percent larger than its 2021-vintage predecessor, JDP IV.
The fund attracted commitments from a diversified global investor base comprising pension funds, sovereign wealth funds, insurance companies, financial institutions and other institutional investors across North America, Asia Pacific, Europe and the Middle East. The Canada Pension Plan Investment Board (CPP Investments) is a cornerstone investor in JDP V and has made an equity commitment of ¥150 billion (US$968 million). CPP Investments is a founding investor in the JDP fund series and has participated in every vintage since its inception in 2011.
The fundraising follows Ares’ acquisit
