Ares Management raises €9.5bn

The Los Angeles firm has raised capital for its fifth Europe-focused debt fund.

Fund name: Ares Capital Europe V
Target size: €9 billion
Actual size: €9.47 billion
Launch date: May 2020
Stage of fundraising: First close

Ares Management has raised €9.47 billion for Ares Capital Europe V, according to a Form D filed by the firm. Capital raised by the vehicle will be used to originate senior corporate debt throughout Europe across diversified sectors.

Fund V received commitments from several institutional investors, including €100 million from Maine Public Employees Retirement System, $80 million from Cathay Life Insurance and €25 million from Taiwan Life Insurance.