Ares Raises $4B for Japan Logistics Fund, Its Largest Ever
ARES sits 49% above its 52-week low of $95.8.
Summary
Ares Management's real estate arm closed its fifth Japan logistics development fund at $4 billion, the unit's largest closed-end institutional fundraise to date. The fund hit its hard cap and is nearly 50% larger than its 2021 predecessor, signaling strong investor demand for Japanese logistics assets. CPP Investments committed 150 billion yen as a cornerstone investor, continuing its backing of every Japan logistics fund since 2011. The fund has 1.7 trillion yen of total investment capacity and has already committed to projects representing about 450 billion yen. This follows Ares' record Q2 fundraising of over $36 billion and adds to its $671 billion AUM base. The raise underscores Ares' expansion in Asia real estate and provides fee-generating capital for future growth.
At the time of this announcement, ARES was trading at $143.17 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $32.1B. The 52-week trading range was $95.80 to $186.85. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.