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Ares Notches $3.5B For Debut Special Opportunities Fund

Tiomkin Law Offices of Elliott Tiomkin > Legal News  > Ares Notches $3.5B For Debut Special Opportunities Fund

Ares Notches $3.5B For Debut Special Opportunities Fund

Law360 (June 22, 2020, 10:45 AM EDT) — Private equity firm Ares Management Corp. said Monday that it has wrapped up its debut special opportunities fund after raising $3.5 billion from limited partners, with plans to focus on non-control investments in struggling public and private businesses.

The fund, billed as Ares Special Opportunities Fund LP, or ASOF, was oversubscribed, blasting past its original target of $2 billion, according to a statement. ASOF received capital commitments from more than 70 total investors spread throughout North America, Europe, Asia and the Middle East, roughly half of which have previously invested in other Ares funds. The capital contributors included pension funds, sovereign…

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