Ares Management has raised $4.2bn for its debut structured solutions strategy, becoming the latest asset manager to target the growing demand for structured products from general partners (GPs). The fund will provide capital to GPs through structured investments, including preferred equity and GP stakes.
The fundraising, reported by Secondaries Investor, highlights a broader trend in the private markets where managers are increasingly offering structured solutions to meet liquidity and financing needs. Ares joins firms like CVC, which recently exceeded its target to raise $10bn for its latest flagship fund, and Step Stone, which doubled its target for a debut infrastructure raise to $1.5bn.
Other notable developments in the secondaries market include G Squared securing $2.3bn for venture secondaries, and New 2ND Capital eyeing a close for its flagship fund nearing $1bn. Korean LPs are also increasingly embracing private equity secondaries and mid-market opportunities amid credit market controversy.
Source: Secondaries Investor · Summarized by HeadlinesBriefing