Ares and Norges Bank Investment Management Establish up to €1.5 Billion European Logistics Investment Partnership

Impact · against what's priced in

The €1.5 billion partnership with NBIM is a positive but incremental development for Ares, as it demonstrates continued capital raising capabilities in logistics. However, because the market has already baked in recent multi-billion dollar fund raises, this specific commitment does not significantly shift the assumed growth trajectory.

ARES+0.10

Already priced in

The price assumes

The recent $4 billion Japan logistics fund and $8.5 billion specialty credit fund raises