Incepted in 2021, Ares Pathfinder Core Fund is an evergreen asset-based lending vehicle that invests in liquid and illiquid opportunities.
The $100 million commitment made in 2022 is under review amid concerns over fund performance, manager concentration, and a limited LP base.
BXPE US sold $527.9 million in LP interests on September 1, while its feeder raised $166.4 million, alongside subscriptions to other program vehicles.
The firm has reportedly engaged with prospective buyers to facilitate liquidity for investors in a US-based open-ended fund managed by Blackstone Property Partners.
EvergreenLink outlines the investment strategy, performance, and other key details of the iCapital Network Canada-managed fund.
Program-wide subscriptions fell nearly 7% from the previous month, while transactional NAV stood at $6.5 billion.
