Arden Group raises $500m for third real estate fund

Arden Group raises $500m for third real estate fund

Arden Group has completed the final close of the firm’s third fully discretionary equity fund, Arden Real Estate Partners III (AREP III), with $500m in capital commitments. The fund hit its hard cap and exceeded the initial target of $300 million, with 60 percent of...
Private equity vows to help the world. Lenders want proof

Private equity vows to help the world. Lenders want proof

In recent years, borrowers have been able to get a reduction in their interest costs in return for meeting targets linked to environmental, social and governance (ESG) goals. That trend has been turbocharged this year by private equity firms seeking a piece of the...