The firm is targeting $1.5 billion for its fifth program, which will invest in GP-led and LP-led deals, among other liquidity solutions.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
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.
Ares Real Estate Secondaries X will invest across LP-led portfolio sales, GP-led transactions, and structured secondary deals.
The alternatives manager also gave updates on the fundraising status of several other secondaries strategies spanning private equity, GP-leds, venture capital, and infrastructure.
The real assets specialist is targeting $3 billion for its latest vintage, which will pursue a combination of GP-led and LP-led transactions.
Its predecessor, Landmark Real Estate Fund IX, closed with $3.3 billion in capital commitments in 2023.
The oversubscribed vehicle brings cumulative capital raised across the real estate manager's secondaries platform to $500 million.
The partnership will focus on direct real estate assets, secondaries, and investments in operating platforms across Europe.
