Report: Ares Collects €2.24B on Euro Real Estate Fund VI Final Close

Ares Management is said to have closed its Ares European Real Estate Fund VI with €2.24B (~$2.42B) in aggregate commitments, according to an October 28 report from PERE.

The sixth European real estate fund’s reported captured commitments surpasses its fifth version, which closed in August 2019 with €1.78B (~$1.93B). Fund VI seeks to invest within Western European markets and has received commitments from US pensions such as the New Mexico State Investment Council and Illinois Municipal Retirement Fund for $110M and $50M, respectively, according to Dakota data.

The European fund close comes shortly after a US-equivalent fund, Ares US Real Estate Opportunity IV, collected over $3.3B at final closing last month, as reported by Dakota on September 16.

Source: https://www.perenews.com/ares-closes-sixth-and-largest-european-opportunity-fund/