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Ares Private Markets Fund

The Ares Private Markets Fund aims for long-term capital growth through a diverse portfolio of private assets, primarily in North America. It focuses on secondary private equity investments, with lesser emphasis on primary and direct investments. The fund, with 20 investments and 236 companies, allocates 45% to traditional secondaries, 40% to GP-led transactions, and 15% to structured solutions, primaries, and co-investments. Despite its diverse intended exposure, 98% of its assets were in buyouts as of 03/31/2023.

Blackstone Real Estate Income Trust

Blackstone Real Estate Investment Trust (BREIT) offers access to Blackstone's vast commercial real estate portfolio, emphasizing growth sectors like rental housing, industrial, and data centers. Approximately 85% of the portfolio is concentrated in these high-performing sectors, benefiting from 90% fixed-rate financing. BREIT, led by Jonathan Gray, boasts strong cash flow growth, outperforming inflation, and delivering consistent returns since inception.

Starwood Real Estate Income Trust

Starwood Real Estate Income Trust (SREIT) is a perpetual life non-traded REIT focused on stable, income-producing commercial real estate. The portfolio includes multifamily apartments, offices, hotels, and retail properties, with strategic allocation to sectors offering inflation protection and rent growth. The management aims to create a resilient portfolio in high-growth markets, currently favoring Multifamily and Industrial sectors, while maintaining a fixed-rate debt structure with a low-interest rate of 3.5% and a five-year duration.