Ares Management announced the final close of its inaugural Ares Global Structured Solutions Fund (AGSS) and related affiliated vehicles, which raised approximately $4.2 billion in capital commitments. The amount substantially exceeds the initial $1 billion target announced by the manager.
The fund is part of Ares’ private equity secondaries platform and is designed to provide structured capital solutions to fund managers, also known as general partners (GPs). Rather than focusing on the traditional buying and selling of investors’ interests in funds, AGSS seeks to support the specific financing needs of the managers themselves.
Capital for commitments, new strategies, and succession plans
According to Ares, the strategy includes financing GPs’ capital commitments to their own funds, providing seed capital to launch new strategies—including structured commitments from limited partners (LPs)—and facilitating succession plans within management firms.
These transactions can serve different objectives and take different forms. The information released does not detail the fund’s economic terms, expected investment schedule, or investor profile, so the announced close alone does not make it possible to assess how the capital will be deployed or what returns it could generate.
The experience cited by the manager
Ares said its funds have deployed nearly $9 billion in structured solutions transactions since 2013. It also said its secondaries group managed $44 billion in assets as of June 30, 2026. These figures were provided by the firm and are not accompanied in the available sources by independent verification.
Blair Jacobson, co-president of Ares, attributed the close to growing demand for tailored solutions for managers and said AGSS expands the platform’s capabilities. Nate Walton, head of Private Equity Secondaries, stated that the dedicated fund strengthens the firm’s ability to partner with a broader group of managers. These statements express the executives’ assessment of the opportunity and Ares’ positioning.
The close provides an indication of the amount of capital the manager has raised for this inaugural strategy. However, the published data do not specify the final composition of the commitments or provide information about the performance, risks, or terms of individual transactions.