The partnership will focus on direct real estate assets, secondaries, and investments in operating platforms across Europe.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
The firm is reportedly eyeing €500 million in commitments for an inaugural fund.
Its next private equity flagship is slated for early 2027, while parent company EQT is laying the groundwork for an infrastructure secondaries platform.
The London-based manager is reportedly expanding its secondaries platform following a record $6.4 billion flagship close in July.
Following the establishment of a dedicated GP-led secondaries team earlier this year, the London-based firm has reportedly secured around €1 billion at first close.
Ares Real Estate Secondaries X will invest across LP-led portfolio sales, GP-led transactions, and structured secondary deals.
The Geneva-based firm targets late-stage single-asset secondary investments across technology and digital ventures.
The £165 million deal was completed through a joint venture, with Partners Group investing from its real estate secondaries strategy.
The real assets specialist is targeting $3 billion for its latest vintage, which will pursue a combination of GP-led and LP-led transactions.
