The single-asset fund raise was led by Ares’s secondaries franchise, according to a statement reviewed by Bloomberg News. While financial details were not disclosed, people familiar with the matter said the size of the continuation vehicle is €300 million ($346 million).
A spokesperson for Ares declined to comment on the fund size, while MCH did not respond to a request for comment.
The vehicle attracted a broad base of investors including the Asset Management Umbrella Fund, which is ...