Ares Management Closes $4.7BN Fourth Fund
Summary
Los Angeles-based investment firm Ares Management has held the final close of its $4.7bn fourth fund.Ares Corporate Opportunities Fund IV, L.P., which had an initial target of $4bn, will continue to make majority or shared-control investments, principally in middle market companies with strong business franchises and in situations where its capital can serve as a catalyst for growth.The Ares Private Equity Group is led by David Kaplan and Bennett Rosenthal.It has already invested in GNC, LyondellBasell, 99¢ Only Stores, Nortek, Serta, and Simmons.FinSMEs 22/08/2012
Funding
Amount
-
Total raised
Date
August 22, 2012
Announcement date
Investors
Ares Management
Lead investors
Company
arescorporation.com
Funded company
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Facilities Management
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