Ares Management (ARES) has raised about $850 million so far for its inaugural closed-ended real estate debt fund, with the firm targeting a total of $1.5 billion for Ares Real Estate Debt Strategies, Bloomberg reported Thursday, citing a person familiar with the matter.
The final close of the fund is slated for H1 of 2027, the report said, adding that the fund will focus on property debt investments in the US and Europe.
Ares Management did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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