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Share Ares Management Corporation is set to acquire Black Creek Group’s U.S. real estate investment advisory and distribution business. Founded in 1993, Black Creek had approximately $11.6 billion of assets under management across two non-traded Real Estate Investment Trusts (REITs) and various institutional fund vehicles. Black Creek’s senior management team has an average of 25 years of experience in sourcing, acquiring, operating and developing properties in the U.S. Supported by large institutional investors and an established retail investor base, Black Creek has a longstanding track record across major property types, including industrial, multifamily, office and retail. The company has over 100 investment professionals operating across eight offices throughout the U.S. ....
A unit of Ares Management Corporation has entered into a definitive agreement to acquire 100% of Denver-based Black Creek Group, LLC’s U.S. real estate investment advisory and distribution business, a real estate investment management firm. Founded in 1993 by John Blumberg, Evan H. Zucker, and Jim Mulvihill, Black Creek had approximately US$ 11.6 billion of […] ....
Laxman Pai, Opalesque Asia: Alternative investment firm Ares Management Corp. has agreed to buy private-markets specialist Landmark Partners from BrightSphere Investment Group for $1.08 billion. As part of the deal, Ares will buy the 60% stake BrightSphere owns as well as the 40% interest held by the Landmark management team. Ares has also agreed to acquire BrightSphere s co-investments in Landmark funds, which were valued at roughly $34 million as of Dec. 31. The global alternative investment manager said in a press release that the transaction is valued at $1.08 billion, including approximately $787 million in cash and approximately $293 million in Ares Operating Group Units, in each case subject to certain adjustments. ....
(Separate multiple addresses with a comma) Your Email Address Your Message (optional) Ares Management to Acquire Landmark Partners for $1.08B April 01, 2021, 08:05 AM Ares Management Corporation announced that a subsidiary of Ares has entered into a definitive agreement with a subsidiary of BrightSphere Investment Group Inc. and Landmark Investment Holdings LP to acquire 100% of Landmark Partners, LLC, one of the largest and most experienced investors in acquiring secondary private fund ownership stakes in the alternative asset management industry. The transaction is valued at $1.08 billion, including approximately $787 million in cash and approximately $293 million in Ares Operating Group Units, in each case subject to certain adjustments. ....