Christie Ou
Ares' latest Japan fund spent a year in market and is the third-biggest private real estate fund to reach a final close this year.
The 10 largest funds accounted for 43 percent of capital raised for closed-end private real estate vehicles in the first half of 2026, more than double 2021’s share.
As the group evolves from pure development to asset-light investment management, it is preparing to open its development pipeline to outside investors.
Funds closed in H1 2026 that raised over $5bn spent more than three times as many months on the road as similar-sized funds did five years ago.
The retirement of China co-head Ken Ng comes amid a wave of senior changes across the firm's Asia real estate platform.
While 63% of capital providers remain below their allocation targets, this does not mean they can easily upsize their checks.
The largest commitment of H1 2026 – ADIA's $675m check to Kotak India Real Estate Fund XIV – came in at roughly half the size of last year's $1.3bn top check.
Despite the executive’s experience with building a private funds platform, he will not lead that effort at his future firm.
A European property veteran is not the most obvious choice to run Asia’s biggest listed REIT, but the pick makes sense for multiple reasons.
Only one of the pension giant's property co-heads will now lead the business, ending a dual-leadership structure introduced in December 2024.











