The firm is reportedly eyeing €500 million in commitments for an inaugural fund.
The firm also expects to hold a first close for its tenth real estate secondaries strategy by year-end at more than 50% of its initial $2.5 billion target.
The fund's predecessor, Strategic Partners Real Estate VIII, closed with $2.6 billion in capital commitments in 2023.
The firm's $3.1 billion in Q3 secondaries inflows were driven primarily by its tenth private equity and ninth real estate secondary funds.
The London-based manager is reportedly expanding its secondaries platform following a record $6.4 billion flagship close in July.
Following the establishment of a dedicated GP-led secondaries team earlier this year, the London-based firm has reportedly secured around €1 billion at first close.
"AGSS highlights the increasing demand for tailored GP solutions in today's market environment and the innovative leadership of the Ares Secondaries platform," said Co-President Blair Jacobson.
Ares Real Estate Secondaries X will invest across LP-led portfolio sales, GP-led transactions, and structured secondary deals.
The strategy will focus on single-asset continuation vehicles alongside existing sponsor relationships.
The inaugural North Haven Growth & Innovation Fund provides flexible capital across primary and secondary transactions, including company-led liquidity solutions.
