Los Angeles-headquartered manager Ares Management closed its sixth Europe-focused opportunity fund, Ares European Real Estate Fund VI, with €2.24 billion in capital commitments inclusive of co-investment, PERE has learned.
PERE understands the fund’s final close took place in June, but was not previously reported. Ares declined to comment.
According to PERE data, the firm was targeting $2.5 billion for the fund’s capital, meaning it fell short by around $100 million. Nevertheless, AEREF VI represents the largest vehicle to date in the manager’s Europe-focused…