Ares Management's real estate arm has raised ¥612 billion, or $4 billion, for its fifth Japan logistics development fund, marking the largest closed-end institutional fundraise to date for the unit. The fund, Japan Logistics Development Partners V LP, reached its hard cap and is nearly 50% larger than its 2021 predecessor. It will primarily invest in developing modern logistics facilities across Japan's major metropolitan markets, including Greater Tokyo, Greater Osaka, and Nagoya. The vehicle attracted commitments from pension funds, sovereign wealth funds, insurers, and other institutional investors globally, with Canada Pension Plan Investment Board committing ¥150 billion, or $968 million, as a cornerstone investor. JDP V has a total investment capacity of ¥1.7 trillion, or $11 billion, and Ares has already committed to projects representing about ¥450 billion in total investment.
Ares Management LPAres raises record $4B for Japan logistics fund, largest closed-end institutional fundraise for its real estate unit.
