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Corporate

Aug. 24, 2012

Proskauer helps close $4.7 billion fund

Proskauer Rose LLP advised longtime client Ares Management LLC in closing a $4.7 billion private equity investment fund, the Los Angeles-based asset management group announced Wednesday.


By Kevin Lee


Daily Journal Staff Writer


Proskauer Rose LLP advised longtime client Ares Management LLC in closing a $4.7 billion private equity investment fund, the Los Angeles-based asset management group announced Wednesday.


Ares said in a statement that it surpassed its initial fundraising target of $4 billion for Ares Corporate Opportunities Fund IV LP, its biggest fund yet.


Boston-based Proskauer partners Sean J. Hill and Arnold...

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