News

Private-fund manager Ares Management reported record fundraising of $36.4 billion in the second quarter, rebounding from a slowdown earlier in the year. The amount of money raised climbed about 24% from the first quarter of this year and 39% from the second quarter of 2025. Fundraising from Ares business development companies—a type of private-credit fund commonly sold to individual investors—dipped, but that was offset by a surge in sales of funds to institutional clients, like pensions and sovereign wealth funds.

Scion Group CEO Rob Bronstein said that his team is targeting real estate around universities that represent a 'strong return on investment' in terms of tuition, as his company announces a deal with Ares Management to but $910M in student housing properties. Bronstein, joined by Bloomberg's Norah Mulinda, said that his investment is aimed at providing a wide net of locations and price points in the student housing market.