Ares Management racks up $3.3bn for real estate secondaries fund

• To date, Ares Management’s real estate secondaries strategy has invested or committed approximately $8.3 billion across more than 200 transactions
• Ares Secondaries Group has $23.3 billion of assets under management as of September 30, 2023
• Ares Management was formed in 1997

Ares Management has raised about $3.3 billion for its new real estate secondaries fund.

LREF IX seeks to acquire seasoned assets at “attractive” discounts and build diversified portfolios for its investors.

“We are grateful for the strong support and confidence from our existing and new investors,” said Michelle Creed, a partner and co-head of real estate secondaries in a statement. “This fundraise exemplifies our platform differentiation – scale, structuring capabilities, extensive relationships, significant experience and our ‘thought partner’ approach to investing. As we continue to capitalize on the attractive supply-demand imbalance and the increasing investor interest in secondary markets, we believe we are well positioned to generate compelling risk-adjusted returns for our investors.”

To date, Ares Management’s real estate secondaries strategy has invested or committed approximately $8.3 billion across more than 200 transactions

Ares Secondaries Group has $23.3 billion of assets under management as of September 30, 2023.

Headquartered in Los Angeles, Ares Management has about $395 billion of assets under management, as of September 30, 2023. Ares Management was established in 1997.