The $314 billion alternative investment firm Ares Management has launched a new registered, continuously offered, non-traded, closed-end fund that is slated to invest in a portfolio of private equity and other private assets through secondary market transactions.
The Ares Private Markets Fund opened with more than $250 million in initial capital, including investments from two significant institutional investors, plus a $75 million direct investment from Ares. The portfolio will consist of private equity fund stakes backed by leading private equity sponsors in both the U.S. and Europe.
But the structure of the . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators