Ares Management raises €7.9bn

The Los Angeles-based asset manager has raised €7.9bn for its fifth Europe-focused vehicle.

Fund name: Ares Capital Europe V
Amount raised: €7.9 billion
Target size: €9 billion
Predecessor fund: Ares Capital Europe IV
Ares Management has raised €7.9 billion for Ares Capital Europe V, according to a recent SEC filing. The fund is targeting €9 billion and will invest in Europe-based companies, providing senior loan debt. The fund follows Ares Capital Europe IV, which exceed its target of €4.5 billion to raise €6.5 billion in July 2018.