Ares Management related stories
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Blueprint: Office woes drag investor returns and Asia funding shortfalls, CPPIB returns to marquee fund commitments with Blackstone, ex-CalPERS boss takes lead role at PrologisOffice headwinds keep heavyweight investors CDPQ and NBIM's real estate performance down; CPPIB performs a strategic U-turn and returns to cutting big checks to mega-funds, with a commitment to Blackstone's latest European opportunity fund; ex-CalPERS real estate boss Ted Eliopoulos bolsters the capital markets capabilities of the world's biggest logistics landlord; and more in today's briefing, exclusively for our valued subscribers.
Brookfield reports ‘relatively light’ fundraising quarterCommitments of $1bn to the asset management behemoth’s real estate strategies in Q2 trail its smaller peers.
Listed managers indicate green shoots for private real estateSecond quarter earnings calls at KKR, Ares and Carlyle in the last week start to substantiate claims of a market turnaround.
Blueprint: Ares and KKR declare real estate market bottom, a French real estate giant emerges, fundraising periods take longerAres, KKR leaders add their voices declaring a market bottom and intent to go on the acquisition offensive; the sale of the asset management business of French insurer AXA to the country's bank BNP Paribas means another private real estate giant gets even bigger; PERE data demonstrates how funds are taking notably longer to get closed; and more in today's briefing, exclusively for our valued subscribers.
Carlyle raises over $3bn for real estate in Q2Commitments to the firm's latest opportunistic strategy are ‘materially higher’ than the figure revealed in its earnings statement, says CEO Harvey Schwartz.
Ares raises $1.7bn in real estate during record fundraising quarterThe Los Angeles-based manager also expects to hold two real estate fund closes over the next two months.
Blueprint: Private REIT redemptions surge, GIC's China play, Gaw's Australian residential ventureRedemption requests spike following Starwood’s decision to limit withdrawals from its own private REIT, though firms are satisfying the cash-outs for now; GIC is ramping up on Chinese residential with a housing joint venture; Gaw Capital is also ratcheting up its residential holdings, but in the fragmented Australian market; and Meadow Partners and Faropoint look to fly under the institutional radar while on the hunt for deals; in today's briefing, exclusively for our valued subscribers.
Three observations on Ares buying GCP’s non-China businessAlthough the proposed transaction still has many unknowns, some impacts of the deal are apparent even at this early stage.
Blueprint: Ares eyeing GCP, Carlyle's looming fund close, L&G's re-orgLos Angeles-based Ares Management is said to be on the cusp of buying a stake in GLP Capital Partners’ ex-China fund business, which has $66 billion of AUM in Japan, Southeast Asia, Europe, the US and Brazil; BlackRock is diving deeper into the data center world by acquiring a stake in Germany's Mainova WebHouse GmbH; Carlyle is on track for what could be the biggest fundraise of 2024; Amsterdam-based Redevco has added another senior executive to its ranks; and more in today's briefing, exclusively for our valued subscribers.
Three observations about Starwood’s takeover bid for ESRThe potential combination of two top 10 PERE 100 firms is unlike other private real estate M&A deals for multiple reasons.