Ares closes Japan logistics development fund JDP V at JPY 612 billion hard cap - ARES News | RalliesAres closes Japan logistics development fund JDP V at JPY 612 billion hard cap
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ARES• Ares closes JDP V at hard cap
- Ares closed Japan Logistics Development Partners V LP at its hard cap of JPY 612 billion, about USD 4 billion.
- The fund is nearly 50% larger than the 2021-vintage predecessor JDP IV, which raised JPY 412 billion.
- CPP Investments committed JPY 150 billion as a cornerstone investor in the fund.
- JDP V targets development of modern logistics facilities in Japan, with JPY 1.7 trillion of total investment capacity.
- The fund has committed to projects representing about JPY 450 billion in total investment.
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