The Real Estate Private Investment Funds team guided Ares Management Corporation (NYSE: ARES) ("Ares") on raising 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 US and Europe. This follows the final closings of Ares US Real Estate Fund XI, LP ("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 US 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 to target attractive opportunities locally.
Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity, and infrastructure asset classes. The company seeks to advance its stakeholders' long-term goals by providing flexible capital that supports businesses and creates value for its investors and within its communities. By collaborating across investment groups, Ares aims to generate consistent and attractive investment returns throughout market cycles. As of December 31, 2025, Ares' global platform had nearly $623 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific, and the Middle East.
The Goodwin team was led by Sean Gruver, Niall Dickson, Vineeta Nangia, Terri Houston, Indy Sohal, Lucy Dempsey, Chase Perlman, Spencer Teplitz, Benjamin Deutsch, Mindy Liu, Yash Singh, Vanessa Patricio-Lloyd, Aru Goyal, Aneri Parikh, Grayson Wegener, Menachem Weiss, and Brian Phillips (Funds), David Patton, Laura Charkin, Charles-Henri de Gouvion Saint Cyr, Sumiyya Ghauri, and Erika Pey (Tax), Bibek Pandey and Hasan Cetin (ERISA), Matthew Stayman, Laura Wood, and Karola Castaneda-Garcia (Fund Finance), and Gregory Larkin and Daniel Ji (Regulatory).
For more information on the deal, please read the press release.