Blueprint: Ares’ double win; Carmel Partners’ buying commitment; Sun Life’s acquisition of BGO

Ares Management closed two flagship value-add funds in the US and Europe, respectively, attracting $5.4 billion in capital commitments and demonstrating improving investor appetite; Carmel Partners is prioritizing acquisition opportunities over development for its ninth value-add fund, which attracted $1.35 billion in equity. Elsewhere, Sun Life cements its growth ambitions after completing the acquisition of remaining interests in BGO and alternative credit manager Crescent Capital Group; and more in today’s digest, exclusively for our valued subscribers.