News & AnalysisAres closes biggest US value-add fund to dateThe New York-based manager raised more than half of Fund X’s total from non-US investors.ByPeter Benson11 October 2022•3 mins readFundraisingManagersNorth AmericaValue-AddEndowmentsFamily OfficeInsurance CompanyPension FundSovereign Wealth FundAllocation StrategyCapital Formation