Ares closes Japan logistics fund at ¥612 billion hard cap

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Ares Closes Fifth Japan Logistics Real Estate Development Fund at ¥612 Billion (US$4 Billion), Hitting Hard Cap

August 31, 2026 6:00 PM EDT

Marks Ares Real Estates Largest Closed-End Institutional Fundraise to Date

NEW YORK & TOKYO--(BUSINESS WIRE)-- Ares Management Corporation (NYSE: ARES) (Ares), a leading global alternative investment manager, announced today the final close of Japan Logistics Development Partners V LP (JDP V or the Fund), the latest vintage in its Japan-focused logistics real estate development fund series. Raising ¥612 billion (approximately US$4 billion1), including LP equity commitments and GP commitment, JDP V closed at its hard cap and is nearly 50% larger than its predecessor 2021-vintage JDP IV.

The Fund attracted commitments from a... More