Ares Management closed two flagship value-add funds, attracting $5.4 billion in capital commitments across the US and Europe. The firm's latest fundraising reflects growing investor confidence in its platform, with Julie Solomon, partner and head of Ares Real Estate, noting significant growth for the firm's real estate strategy.

Carmel Partners is shifting its approach for its ninth value-add fund, prioritizing acquisitions over development. The fund attracted $1.35 billion in equity, signaling a strategic pivot in the competitive real estate market. This move aligns with broader industry trends as investors seek established assets with immediate cash flow potential.

Sun Life completed its acquisition of remaining interests in BGO and Crescent Capital Group, cementing its growth ambitions in the alternative credit space. The deal expands Sun Life's footprint in private markets and demonstrates the insurer's commitment to diversifying its investment portfolio beyond traditional insurance products.