Ares Management’s private-equity funds raised roughly $5bn in the second quarter, giving the firm a boost toward meeting a goal of raising more than $30bn this year across all its strategies, including credit and real-estate funds.

The public firm collected a total of $9.1bn from April through June, nearly 25% more than the $7.3bn it raised in the same period last year, according to an Ares presentation of its second-quarter results.