Fundraising

The firm aims to grow the fund to $2bn as it expands institutional investor relationships and ABF market presence.

Attendees at June’s PERE Credit 100 launch breakfast briefing heard the need for income is driving capital to real estate credit.

The Klirmark Capital-partnered platform will focus on US construction and bridge loans across the multifamily and for-sale residential sectors.

The strategy will be used to make opportunistic investments in senior loans and real estate securities in the US and Western Europe.

Some managers speaking to PERE Credit in recent weeks expect activity to improve in the second half of 2026.

The firm has raised more than $850m for Ares Real Estate Debt Strategies, published reports say.

The firm raises $850m in discretionary commitments, with $465m in co-investment capital.

In this episode of The PERE Podcast, the team dives into the trends at play in the fundraising market using preliminary data from PERE’s Q1 2026 report.

Capital raised for North American-focused real estate debt funds doubled year-on-year, according to quarterly data from PERE Credit.

The Singapore-based real estate private equity manager raised $320m for CapitaLand Asia Pacific Credit Program II.