Ares Makes Second Close on US$500 Million Asia Fund (Asia)

Source: PE Asia | Author: Clare Burrows

U.S.-based alternative asset manager Ares Management has held a second close on the Ares Corporate Opportunities Fund Asia with US$90 million in commitments. The fund is targeting US$500 million in total commitments. The private equity fund will be Ares’s first focused on Asia, where the firm has offices in Hong Kong and Shanghai.